Morning Daily - 2021-03-03

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ETAuto Newsletter | Wednesday, March 3, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Industry | Tyres | Oil & Lubes | Commercial Vehicle
Top Stories
• Crisis always gives rise to opportunity and never let a good crisis go waste: Santosh Iyer Mercedes-Benz India
• India woos Tesla with offer of cheaper production costs than China
• Unfortunate to see Nexon EV delisted from subsidy benefits under Delhi EV Policy: Tata Motors
• Opinion: A three-way strategy to harness sustainability in ethanol's DNA
• Betting on death of petrol cars, Volvo to go all electric by 2030
• Gadkari asks auto industry to start producing flex engines
• Government opts not to impose duty on Thai tyres
• Madhya Pradesh has the costliest fuel in India
• Auto component sectors demand outlook upbeat for FY22 HBL
• Employee's union call off strike at Toyota Kirloskar Motor plant
• Log 9 develops rapid charging battery packs for EVs; pilot runs under way
• We will launch our European brand Vredestein here soon: Apollo Tyres Onkar Kanwar HBL
• India's fuel demand to rebound in 2021-22 with 10% growth
• Indian tractor maker presses AGCO to refresh board, consider alternatives
• EoI submission date for BEML disinvestment extended HBL
• Modi's infra push likely to double this highway builder's revenue in 4-5 years
• Daimler Truck, Volvo form fuel-cell JV by name cellcentric GmbH
• Bajaj Auto launches new Platina 100ES at INR 53,920
• Freight rates up by 25 pc due to hike in diesel prices, claims AITWA
• US to install half million electric vehicle charging stations
• Massive Boon In Computer Chip Shortages Will Slam Future Self-Driving Car Rollouts Forbes
• FCA pleads guilty in plot to enrich Detroit union officials
• IEA says global CO2 emissions rising again after nearly 6% fall last year
• Batteries Or Hydrogen For Big (Clean) Trucks? Volvo Group Bets On Both Forbes
• Investors cheer second Japanese takeover by China's Hisense Nikkei Asia
• Escape artist accused of freeing Carlos Ghosn can't evade reckoning in Japan Automotive News
• Chip shortages are here to stay, for some
• Europe's CO2 Rules Will Cripple Small Electric Car Sales, Jeopardize Plug-In Revolution, And Boost China Forbes
• Working Remotely? Here's How To Better Manage Your Team Forbes
• Overcoming Zoom Fatigue Forbes
Passenger Vehicle
• GM, Toyota employees to keep masks on in Texas even as state lifts mandate
• Jaguar I-Pace launch postponed to March 23
• Fiat Chrysler Automobiles pleads guilty in U.S. labor probe
• Lamborghini's SUV Urus crosses 100 units sales milestone in India
• Tata Motors delivers 100 Safari units in Delhi/NCR in a single day
• Citroen C5 Aircross bookings begin at Rs 50,000
Two Wheelers
• Expect double-digit volume growth in next six months on low-base effect: HMSI
Policy
• Tough eligibility may limit benefits to large Cos under proposed PLI for automotive sector
Auto Components
• Texan chipmakers face slow recovery from power crisis as shortage looms
• ABB urges for greater adoption of high-efficiency motors and drives to combat climate change
• South Korea's SK Group to invest $16 billion by 2025 in hydrogen energy
• Why China can't fix the global microchip shortage
Industry
• Top U.S. utilities collaborate to build electric vehicle charging stations
• Exports dip 0.25% to USD 27.67 bln in February
• Sensex reclaims 50K-mark, auto stocks shine
• Nio risks running low on power on Europe road trip
• Auto stocks jump as much as over 5 pc post rise in sales volume in Feb
• Why the future of Electric Vehicles is bright in India
• Commuters shift to EVs amid fuel price hike
• INSIGHT-To go electric, America needs more mines. Can it build them?
• Mandatory FASTag to help save Rs 20k cr per annum on fuel: Gadkari
• VW and BMWs car-charging venture plots Europe network expansion HT MINT
• Ride-hailing bounces back to 63% of pre-covid levels: Redseer report
Oil & Lubes
• Oil slips on concerns that OPEC+ may be set to pump up supply
• IGL hikes CNG, PNG prices to offset increased costs due to Covid
Commercial Vehicle
• Nitish Kumar flags off 12 electric buses in Bihar
• London tightens emissions standards for heavy vehicles
Aftermarket
• Shriram Automall sells over 5,600 vehicles, equipment during 1-day bidding event
Auto Technology
• GM-backed Cruise is in talks to buy startup Voyage
• Robotics division of Uber's Postmates spins out into new company
• LG Innotek develops automotive Wi-Fi 6E module
• The ePlane Company raises $1 million to build a flying electric taxi
• Self-driving startup Aeva hires Waymo, Apple veteran to oversee supply chain
 
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