Morning Daily - 2021-03-04

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ETAuto Newsletter | Thursday, March 4, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Industry | Tyres | Oil & Lubes | Commercial Vehicle
Top Stories
• ETAuto Exclusive: Top Indian executive of China's GWM quits; may join Kia Motors
• Govt can cut excise duty on petrol, diesel by Rs 8.5 a litre without hurting revenues
• Karnataka Engineering R&D Policy spots 5 key sectors, targets 50,000 new jobs
• Hero MotoCorp, Bajaj Auto offer steep discounts to push key segment sales Business-standard.com
• Tata Motors launches Signa 3118.T heavy truck with 31-tonne GVW
• Mahindra Logistics and Bajaj Electricals sign logistics agreement worth Rs 1,000 crore
• India's record high petrol and diesel prices threaten road to recovery
• Have to make industry-ready to utilise hydrogen as fuel: PM Modi
• Industry leaders wary of job quota in pvt sector, say skill set a worry
• Renault begins commercial sales of SUV Kiger; delivers over 1,100 units on first day
• JLR sets up charging points at 22 retail outlets ahead of I-Pace launch
• Hydrogen-powered Hyundai Nexo scores a 5-star Green NCAP rating
• Upbeat brokers lift Volkswagen's market value above 100 bln euros
• Maruti service network crosses 4,000 outlets, 208 workshops added this fiscal
• Marc Lechantre appointed Responsible Used Vehicles for Stellantis
• Audio Interview: International WFH Options for Automotive Industry Professionals
• Jaguar Land Rover quality issues 'cost company 100,000 sales,' CEO says Automotive News Europe
• Hyundai to consolidate its leadership in SUVs with new product Alcazar HT MINT
• Stellantis sees rebound in 2021, but chip shortage a worry
• Samsung considers four sites in U.S. for $17 billion chip plant: Documents
• Mercedes preps debut of EQE EV, a Tesla Model S rival Automotive News Europe
• Austria's Magna helps Sony and carmakers in race for EVs Nikkei Asia
• How green are electric vehicles?
• The New Workplace Etiquette: No Zoom Booze, No Politics, Good Eye Contact Forbes
Passenger Vehicle
• Chinese telecoms firm ZTE preparing electric vehicle product line
• Volkswagen CEO tweets, Musk-style, on market-cap milestone
• GM extends vehicle production cuts due to semiconductor chip shortage
• Lexus launches LC 500h limited edition at starting price of INR 2.15 Cr
• PSA, Fiat Chrysler in black despite fall in sales
• Killing range anxiety, compounding savings in Tata Nexon EV
• Hyundai Bayon crossover-SUV breaks cover
Two Wheelers
• Fuel price hike results in increased sale of e-vehicles
• Hero MotoCorp shares rise nearly 4 pc as sales rise in Feb
• Zypp Electric partners with grocery and food tech players for last-mile delivery
Policy
• Policy of scrapping vehicles needs to go beyond age factor
Auto Components
• Steel exports to remain low due to rising domestic demand: Ind-Ra
• GlobalFoundries pours $1.4 bln into fab expansion amid chip demand boom
• California startup touts battery-swapping to juice demand for electric vehicles
• China's Tsingshan signs pacts for 100,000 T nickel matte in EV push
Industry
• Oye! Rickshaw launches battery swapping platform; to deploy 10K Li-ion batteries
• Large Chinese FDI only in sectors critical for India
• MoRTH releases rating mechanism for national highways
• Mumbai:PIL against FASTag fine, HC seeks Centre's reply
• CNG dispensing units, EV charging points likely to come up at dhalaos in south Delhi
• Number of Germany's electric vehicle charge points rise 10% since December
• Global cargo traffic jam could last into 2022, freight CEO warns
• Magenta Power sets up street lamp integrated EV charging stations
• Germany to fine companies for rights violations abroad
• Bombay High Court seeks Centre's response on PIL against FASTag system
• China cuts "carbon intensity" 18.8% in past five years, in effort to rein in emissions
• Services growth at one-year high on boom in domestic demand
• No relief for NHAI, Madras HC asks it to collect only 50% toll fee
Oil & Lubes
• Oil companies raise margins as consumers suffer fuel price blues
• Energy firms bet on hydrogen boom, but payday far away
• Oil up as OPEC+ considers rollover rather than raising output
Commercial Vehicle
• Piaggio Vehicles opens EV Experience Centre in Jaipur
Auto Technology
• Volocopter raises 200 million euros for air taxi certification push
• Keysight launches test solutions for EV charging, grid-edge applications
 
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