Morning Daily - 2021-02-06

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ETAuto Newsletter | Saturday, February 6, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Industry | Tyres | Oil & Lubes | Commercial Vehicle
Top Stories
• M&M Q3 zooms 42% at Rs 1,268 crore
• Why this global brokerage sees 50% downside in Tata Motors shares
• Anish Shah to take charge as MD & CEO of Mahindra & Mahindra from Arpil
• Hero MotoCorp Q3 consolidated PAT jumps 14% at Rs 1,029 crore
• Podcast: Rural demand set to continue: Escorts CFO
• RBI Monetary Policy: Repo rate remains unchanged at 4%
• Renault India eyes profit by FY22, aims to be full range SUV maker
• Mahindra's profit slides on one-time Ssangyong hit
• Reduction in duty could reduce steel prices by up to 10% in near term: ICRA
• Bosch says pandemic and chip shortage to weigh on carmakers in 2021
• Vehicle scrapping policy to shape up foundry sector
• Sundaram Finance Q3 net up 45%
• GreenCell says investing Rs 400 cr in PMI Electro consortium to deploy 350 e-buses in UP
• Electric Cars and Radiators Push Norway Power Use to Record High BloombergQuint
• The Road Ahead: This Is How To Rent A Car Now Forbes
• Tesla tells nickel-rich Indonesia it wants to join battery project Nikkei Asia
• Chipmaker Xilinx says car supply crunch goes beyond semiconductors Nikkei Asia
• How Self-Love Boosts Job Performance And Career Success Forbes
• Strategic Thinking: The Pathway To The Top Forbes
Passenger Vehicle
• Stellantis to pay bigger efficiency bonus to Italian workers: Unions
• Stellantis boss Tavares faces triple challenge
• Stellantis slows production in Italy as chip shortage hits car industry: Unions
• Subaru plans to reduce production by 48,000 vehicles this year due to chip shortage
• 2021 Maserati Ghibli range launched in India, starts at Rs 1.15 crore
• Ford to speed up push to electric autos, digitization
• Mercedes-Benz EQA pre-launch bookings commence
Two Wheelers
• Suzuki reveals 2021 Hayabusa
Policy
• Delhi to have EV charging stations within every 3 km distance: Delhi transport minister
• Vintage vehicle owners assn objects to proposed vehicle scrappage policy
Auto Components
• SKF India logs nearly 2-fold rise in Q3 net profit
• Talbros Q3 net profit up 144 pc at Rs 10.6 cr
Industry
• Forex reserves jump USD 4.85 bn to record USD 590.18 bn
• Delhi to have EV charging stations within every 3 km distance: Delhi transport minister
• Delhi govt floats tender to set up 100 EV charging stations
• Incentives for scrapping old vehicles to be announced soon: Roads Secretary
• Highways Ministry expecting private investment worth Rs 30k-crore in FY '22
• Indonesia receives investment proposal from Tesla: Official
• Australia won't subsidise electric vehicles
• Making assessment of true state of NPAs in banks: Shaktikanta Das
• Ford to speed up push to electric autos, digitization
• Maharashtra awaits scrapping policy to get rid of 16 lakh decrepit vehicles
Oil & Lubes
• Escalating oil prices signal need for more output
Auto Technology
• Adloid enables AR presentation of Tata Safari 2021 at dealerships and online
• Visteon, ECARX to develop intelligent cockpits using Qualcomm solutions
• UMAS and factorie.io form alliance to support connected factories
 
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