Morning Daily - 2021-02-13

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ETAuto Newsletter | Saturday, February 13, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Industry | Tyres | Oil & Lubes | Commercial Vehicle
Top Stories
• Tata Motors appoints Marc Llistosella as CEO & MD
• What revival? Maruti Suzuki chairman worried about demand
• Volvo Cars promotes Jyoti Malhotra as MD for India operations
• Ather Energy to invest Rs 635 cr in next five yrs at manufacturing facility
• Resolution of semiconductor shortage may take months: Bosch India MD Business-standard.com
• ION Energy to supply battery management system to Spain's Ray Electric Motors
• Electric vehicles force carmakers to reinvent the wheel, and brakes, and mirrors
• IIP grows 1.04% in December, retail inflation eases marginally to 4.06% in January
• Omega Seiki launches electric three-wheeler for last mile delivery
• IIT Hyderabad-incubated startup Pure EV set to roll out first e-bike
• Rising delinquencies to keep profitability under pressure for foreign PV NBFC captives: ICRA
• Motherson Sumi Q3 PAT zooms 198% at INR 798 crore
• Bharat Forge Q3 results: Auto components major reports net loss of Rs 210 cr
• CNG-based tractors can bring down annual fuel costs by around 55%: Nitin Gadkari
• TVS Srichakra launches warranty app for quicker after-sales service HBL
• TAFE rolls out Dynatrack series tractors starting at 5.6 lakh HBL
• 2021 Jawa Forty Two launched at Rs 1.84 lakh
• Driving Jobs, The Future Of Autonomous Trucking Forbes
Passenger Vehicle
• GM agrees to $5.75 million settlement with California over ignition switches
• Tesla launches Model Y in South Korea
• Tamil Nadu: Lakhs of old vehicles, only one recycling unit
• Ford CEO calls for settlement between LG Chem, SK Innovation
• Audi dreams big with luxury coupe, e-tron GT, that comes with 800-volt fast charging and promises 383 km of range
• Formula One signs up to temporary stop on engine development
• Indonesia to give tax incentives for sales of some cars
• Autoworkers face uncertain future in an era of electric cars
Two Wheelers
• Honda's cumulative 2 wheeler sales cross 1.5 crore units' mark in southern region
• Soon, subsidy to exchange old petrol bike for electric one in Goa
Policy
• Punjab increases motor vehicle tax on personal vehicles
• IRDAI cautions public not to fall prey to fraud by Digital National Motor Insurance
Auto Components
• Glad to deliver highest-ever quarterly revenue in Q3: Vivek Chaand Sehgal
• Steel raw material rates down, but industry wants more
• EU expert group at odds over how to resolve tech, carmakers' patent dispute
Industry
• View: Budget 2021 is a shot in the arm for India's war on air pollution
• Court won't delay extradition of 2 nabbed in Ghosn's escape
• UK economy suffers biggest drop since 1709
• Trade Promotion Council of India seeks incentives for SEZs in next foreign trade policy
• Meaningful economic recovery not in sight until FY23: Ind-Ra
• French auto and electronics firms to work on improving supply chain glitches
• Sharper contraction of India's GDP expected in FY21
Oil & Lubes
• OIL Q3 net doubles on tax gains
• Petrol, diesel prices rise sharply again on Friday
Aftermarket
• Pune: 25% vehicles still don't sport FASTag
• UK Supreme Court to rule on worker rights case at Uber on February 19
• Skoda Auto opens new retail outlet in Bengaluru with PPS Motors
Auto Technology
• Altair releases 2021 updates of simulation software
 
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