Morning Daily - 2021-03-06

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ETAuto Newsletter | Saturday, March 6, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Industry | Tyres | Oil & Lubes | Commercial Vehicle
Top Stories
• From April, new cars must have airbag for front passenger seat
• Production incentive schemes to increase India's manufacturing output by $520 billion: PM Modi
• Women's Day Special: How the auto industry can chart a course to gender equity?
• Goodyear names Ryan Patterson to oversee Cooper Tire integration
• Electric two-wheelers see rising interest
• LG Chem agrees to cover most of Hyundai's $900m EV recall Nikkei Asia
• In BS VI drive, we achieved better fuel efficiency: Daimler India CEO HBL
• Auto industry bodies recommend incentivising enhanced domestic value-addition, localisation
• Honda unveils its new level 3 technology, but how does it work?
• TVS launches Apache RTR 200 4V with single-channel ABS at INR 1.28 lakh
• Oil guzzler India says OPEC+ decision to hit economic recovery
• Total launches LPG Cutting Gas for metal cutting industry
• Europe's Electric Car Sales Will Beat 1 Million In 2021, But Growth Will Slow Later; Report Forbes
• The city where cars are not welcome
• Wall Street plowed billions into EV stocks before slump Automotive News
• These Are The Vehicles Returning The Best Resale Values For 2021 Forbes
• Stellantis will increase pace of EV launches in Europe, U.S. Automotive News
• Five Ways To Overcome Job Search Burnout Forbes
Passenger Vehicle
• Can Porsche Taycan unseat the 2021 Tesla Model S? Tech, range and prices compared
• Skoda Kushaq interior teased ahead of launch
• VW brand doubles sales targets for electric vehicles
• EV rollout will require huge investments in strained U.S. power grids
• Ford rejects U.S. ITC criticism over SK Innovation battery deals
• VW says electric car production in Spain hinges on EU support
Auto Components
• Demand for EVs to boost rally in copper and nickel
• Tata Steel backs new global framework for decarbonising heavy industries
• GM in talks to build second U.S. battery plant with LG Chem in Tennessee
• Wei Wei appointed managing director of Visteon China
• EV battery metals firm DeepGreen to go public in SPAC deal
• New Caledonia agrees to Vale nickel mine sale, Tesla to be partner
• U.S. Senate mulls $30 bln in funding to boost chipmaking sector: Sources
• Chiles SQM posts record lithium sales, sees major hydroxide expansion
• Tsingshan pulls the matte out from under nickel's rally
• Aluminium maker Hydro sells Rolling unit in $1.65 bln deal
• U.S. ITC criticizes Ford for pursuing SK Innovation battery deals
• Nickel slumps as electric dreams are rudely disturbed
Industry
• NHAI introduces AI-based face recognition system for attendance monitoring
• Volkswagen's Skoda says to cut 2% of admin jobs in 2021
• Gahlot seeks participation of RWAs, MLAs to encourage people in Delhi adopt electric vehicles
• Car and motorcycle companies are now making electric bikes
• Entire fiscal stimulus to be funded by borrowing, revenues; not taking money from people: FM
• Stellantis CEO does not rule out M&A operations - paper
• Several cab services in Bengaluru switch to e-mode to cut operational costs
• Mumbai: Up to 4% dip in electricity rates; e-vehicle charging also cheaper
• Kolkata ranks high on e-vehicle adoption list
• Hiring over 200 employees across various roles: Pickrr
Oil & Lubes
• Soaring crude prices a credit negative for PSU OMCs: ICRA
• OPEC ignores India's call; Saudi Arabia asks New Delhi to use cheap oil it bought last year to cool prices
• Tax cut on petrol, diesel rates should be joint call of Centre, states: Nirmala Sitharaman
• Gujarat co Inoxcva launches LNG dispensers
• Clean Energy, Total sign JV for renewable natural gas production
• OPEC, allies keep oil output unchanged, prices jump
Commercial Vehicle
• Italy would exercise veto powers in event of Iveco sale to China's FAW: minister
Aftermarket
• FarEye acqui-hires logistics tech start-up PY Technology
• Uber free rides for elderly in second phase
Auto Technology
• British auto data start-up Wejo in talks to go public in $2 bln SPAC deal: Sources
 
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