Morning Daily - 2021-03-10

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ETAuto Newsletter | Wednesday, March 10, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• Will March be magical enough to breach last fiscal sales?
• Volvo India to exit diesel, plans to go full electric
• Tata Motors in Delhi HC over govt's move to suspend EV subsidy
• Vehicle registrations fall by over 13% in Feb: FADA
• Delhi govt aims to convert its entire transport system to electric: Sisodia
• Kia teases first dedicated BEV - EV6
• Craftsman Automation to issue IPO on March 15 for INR 824 crore
• Indian economy to grow at 11% in FY'22: Crisil
• Investor cuts Ola valuation to about $3 billion
• Rising fuel prices slam breaks on dreams of cabbies
• Record high fuel prices: Auto LPG 40% cheaper alternative: IAC
• Tesla surges almost 20%, biggest daily rise in a year
• Why Japan is holding back as the world rushes toward electric cars
• GlobalFoundries, Bosch to develop radar chips for self-driving car features
• A global semiconductor shortage highlights a troubling trend: A small and shrinking number of the world's computer chips are made in the US The Conversation
• Jeep teases battery-electric Wrangler concept Magneto The Detroit News
• Nuked Jobs Market Forbes
• Is Covid-19 Permanently Changing Jobs? Forbes
Passenger Vehicle
• Stellantis scraps plan to launch Peugeot in U.S. market
• Volvo to launch one electric car every year in India; to start with XC40 Recharge in Oct
• Park outside: Kia recalls nearly 308K vehicles for fire risk
• 'Umbrella of stress' on GM staff, 2 years after plant closed
• Volvo XC40 Recharge unveiled in India, booking starts in June
• French second hand car group Aramis eyeing IPO
• Chinese EV trio eye HK listings this year to raise combined $5 bln: Sources
• Tesla loses a third of its value for the third time in a year
Two Wheelers
• CredR to invest about INR 110 crore in used 2W business in FY 21-22
Auto Components
• Battery metals buzz is back as Europe reboots EV sector: Andy Home
• Neo Performance eyes expansion of European rare earths processing plant in Estonia
• Continental AG informed clients on time about chip shortage - CFO
• Continental expects 2021 EBIT margin of 5%-6%
Industry
• Rupee spurts 32p to 72.93, ends 3-day losing streak
• Electric vehicle financing industry to be worth Rs 3.7 lakh cr by 2030: Niti Aayog Report
• Parliament panel asks NHAI to explore debt restructuring, raise long-term funds
• Tata Motors shareholders' give nod to hive-off PV biz into new entity
• Trial runs begin for electric Victoria carriages in South Mumbai
• Shriram Automall India launches digital platform ThePriceX
• India Inc anticipates rise in payrolls in April-June quarter
• Delhi GSDP dip (5.7%) less than 8% GDP drop
• Trained over 2,000 women through digital road safety awareness program: HMSI
• U.S. sues EZ Lynk for selling CMPNYvehicle emissions defeat devices
• Venture Capital Fund of Rs 100 cr proposed in budget ; Invest Karnataka to be held this year
Oil & Lubes
• Crude oil price slips below $68 as rally fizzles before US supply report
• India asks refiners to diversify, cut reliance on Middle East oil after OPEC+ decision
• Oil companies go easy with fuel prices ahead of state polls on 'government nudge'
• Centre collected Rs 6.58L cr in taxes on fuel
• Oil giants prepare to put carbon back in the ground
• U.S. government to expand biofuels forecasts as renewable diesel sector grows
Aftermarket
• Ludh bicycle makers organise expo in Delhi from March 19-21
• Uber India not liable for TDS in earlier years: ITAT
• ESR to develop 38-acre industrial and logistics park at Chakan near Pune
Auto Technology
• SpaceX wants to beam Starlink Internet into trucks, ships
 
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