Morning Daily - 2021-03-02

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ETAuto Newsletter | Tuesday, March 2, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Industry | Tyres | Oil & Lubes | Commercial Vehicle
Top Stories
• Auto sales steady in Feb as industry braces up for better sales in next fiscal
• Delhi govt suspends subsidy on Tata Nexon EV
• Opinion: 'Atmanirbhar' alternatives to electric mobility!
• Finance ministry considers cutting taxes on petrol, diesel: Sources
• Automatics find more buyers in used car market
• Audi names Rittersberger as new CFO
• EV startup Detel to raise INR 150 cr in equity funding this year
• Marelli appoints Sherry Vasa as Chief People and Organization Officer
• Polaris to launch its first electric vehicle
• Huawei aims to make electric cars later this year
• Pace of India's business resumption slowed down in last week of February amid rising Covid-19 cases: Nomura
• Harman acquires 5G Edge and V2X technology provider Savari
• Mobility biz showing strong signs of recovery: Uber
• Auto Industry Partnership Drives Sustainability in Packaging Waste360
• 3 Ways To Clean Up Your Social Media Before A Job Search Forbes
• How To Build - And Retain - The Most Important Thing In Your Career Forbes
Monthly Sales Report Card
• Maruti Suzuki sales up 11.8% to 152,983 units in February
• Hyundai domestic sales rise 29% to 51,600 units in Feb
• MG Motor retail sales surge 215% to 4,329 units in Feb
• Toyota Kirloskar sales up 36% at 14,075 units in Feb
• Tata Motors total sales up 51% at 61,365 units in Feb
• Nissan Motor India reports wholesales at 4,244 units in February
• Mahindra total sales dip over 11% in February
• Honda 2Wheeler domestic sales increase 31% to 411,578 units in Feb
• TVS Motor two-wheeler sales grow 21% to 284,581 units in Feb
• Bajaj Auto domestic motorcycle sales increase marginally to 148,934 units in Feb
• Ashok Leyland domestic sales rise 20% to 12,776 units in February
• VECV sales up 19 % at 5,457 units
• Mahindra tractor sales jump 24% to 27,170 units in February
• Escorts February sales increase 33% to 10,690 units
• Sonalika tractor sales rise 22.5% at 11,821 units in Feb
Passenger Vehicle
• Kiger vs Triber: Renault downscales to jump into new segment
• US probing engine fires in nearly 1.9M Toyota RAV4 SUVs
• Mercedes-Benz links with Get My Parking to provide better parking experience to car users
• China's Nio signals slowing EV deliveries as volumes rise
Two Wheelers
• Strong exports power Royal Enfield sales to 10% growth in Feb
• Piaggio, KTM, Honda and Yamaha to set up swappable batteries consortium
Auto Components
• China says domestic competition hurting rare earth prices
Industry
• Highways construction touches record 33 km a day: Gadkari
• NHAI working to identify bottlenecks to speed up road construction
• SIAM to meet Transport Minister Nitin Gadkari on March 2, seek deferment of CAFE norms
• Mumbai: New fares for auto-rickshaws, taxis come into force
• Credit demand may almost double to 9-10% in FY22: Report
• Goyal asks BIS to cut quality testing charges for MSMEs, startups & women entrepreneurs
• Electric vehicles vroom as petrol prices race ahead
• India's factory activity extends growth in February, input costs soar: PMI
• 'Switch Delhi' campaign: 4th week to focus on raising awareness among RWAs to promote EV adoption
Oil & Lubes
• From U.S. domination to energy transition, two years that changed oil
• BPCL to sell Numaligarh Refinery stake for Rs 9,876 cr
• OPEC oil output falls in February on Saudi additional cut: Survey
• India's daily gasoline sales in February rise 1.5% y/y, diesel sales fall 5.3%: prelim data
• Petrol, diesel prices remain unchanged today
• Crude oil sinks toward $60 before OPEC+ meets to decide on supplies
Commercial Vehicle
• DTC nod to purchase 300 AC low-floor CNG buses
Aftermarket
• Uber launches journey planning feature called 'Public Transport' in Chennai
 
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