Morning Daily - 2021-02-26

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ETAuto Newsletter | Friday, February 26, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Industry | Tyres | Oil & Lubes | Commercial Vehicle
Top Stories
• How Suzuki plans to defend its 50% market share in India?
• Focus on localisation else govt will increase import duty on auto parts: Nitin Gadkari
• Green foot forward: Only e-vehicles for Delhi govt
• Ashok Leyland to buy remaining stake in Hinduja Tech for INR 70.20 crore
• Delhi Court directs police to not take coercive steps against Ford India Directors
• Vikram Kirloskar conferred with IIM-JRD Tata Award for 2020
• Auto component industry set to log in double-digit growth next fiscal: ACMA
• Hyundai Motor appoints Ben Diachun as CTO for Urban Air Mobility Division
• Rs 100 may be the new normal for petrol in high-VAT states
• Budget tilted towards supporting growth; FY22 fiscal deficit target of 6.8% prealistic: Moody's
• Tesla temporarily halts production at Model 3 line in California: Report
• MG Motor rolls out 50,000th Hector with all-women crew
• Daimler truck unit to focus on CO2-neutral technology
• Omega Seiki invests INR 100 crores for manufacturing facility in Bangladesh
• Infineon says can meet chip demand with help of new Austria plant
• GM names new chief sustainability officer The Detroit News
• 5 Signs It's Time To Quit Your Job Forbes
• Future Of Work: How To 'Future Proof' Your Job And Career Forbes
Passenger Vehicle
• Kia shares up after online report of remaining potential for Apple partnership
• U.S. auto sales to rise in February despite weather woes: J.D. Power, LMC Automotive
• Aston Martin sees losses deepen as sales tumble
• Tesla shares stage tepid recovery on 'buy the dip' bounce
Auto Components
• Chip shortage leads Japan automakers to post 4.5% slump in Jan global output
• Ford CEO calls on U.S. government to support EV batteries, charging
Industry
• Manufacturing, MSMEs spearheading economic growth: RBI Governor Das
• Need to increase logistics arrangement for steel sector: ISA
• RIICO to hold discussion with potential investors to attract investment in EV manufacturing
• Budget marks directional change for Indian economy: Sitharaman
• MSME sector emerges as growth engine of economy, says RBI Governor
• U.S. Postal chief commits to 10% of new delivery fleet as electric vehicles
• India's recession exit gains momentum on services, manufacturing
• Finance ministry to set up Working Group to redraw fiscal consolidation path
Oil & Lubes
• Govt gets tax-rich from oil sector, consumers bear brunt
• Economists bat for fuel tax cut to rein in inflation
• Britain to introduce greener gasoline at petrol stations by September
• ONGC is rallying like it's 2013 as surging oil prices boost outlook
• IOC to set up mega biorefineries in Telangana, Andhra Pradesh
• Petchem giant Dow braces for "high impact" from climate change - executive
• Need coordinated action between Centre, states on tax reduction in fuel prices: RBI governor
• Oil prices hit 13-month highs on tighter supplies, Fed assurance on low rates
Commercial Vehicle
• Etrio launches leasing scheme for cargo EV Touro Mini
• Daimler Trucks says zero-emission vehicles will cost thousands of jobs
• DMRC flags off ETO e-rickshaw fleet for last-mile connectivity
Aftermarket
• Online services help drive car dealer Inchcape's profit beat, bring back dividend
• FarEye appoints Suvrat Joshi as Chief Product Officer
• Volvo Car opens new dealership on arterial Anna Salai in Chennai
Auto Finance
• SIAM seeks govt support for localisation of electronic auto components, semiconductors
Automotive
• Upbeat on rural prospects, DCB Bank focuses on tractor loans
 
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