Morning Daily - 2021-03-11

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ETAuto Newsletter | Thursday, March 11, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• M&M revamps EV business, to have separate verticals for last mile and personal EVs
• Tata Motors vs Delhi govt: Court grants interim relief over delisting of Nexon EV
• Feb PV sales up for 7th straight month
• Rising two-wheeler prices impact entry-level demand
• Gadkari inaugurates technology centres to boost MSME sector
• Delhi budget 2021: Over Rs 9,000 crore for transport, focus on e-vehicles and boosting bus fleet
• National logistics policy to be rolled out soon: Official
• Ather blames lack of quality EV products for slow sales
• Volkswagen hikes battery cell demand in EV expansion push: Sources
• Pirelli sees 2021 sales, profitability rising as outlook brightens
• 'Top 100 brands will lose $223 billion in brand value from data breach'
• Volkswagen strategy chief Jost quits to focus on building smart boats
• 'Auto sector set to post double-digit growth next fiscal'
• West Michigan gets first Tesla service center in Grand Rapids The Detroit News
• Goldman Sachs Predicts An Upcoming 'Jobs Boom' Forbes
• Replacing High Paying Oil Jobs With Clean Energy Jobs Is Not So Easy Forbes
Passenger Vehicle
• Tesla says Shanghai factory not hacked after breach of Verkada surveillance cameras
• 2021 Maruti Suzuki Swift facelift review: Minor changes up the appeal
• EU needs phase-out date for new petrol and diesel cars, nine countries say
• Hyundai Kona N line revealed, sports high-performance design cues
• Renault to supply Mitsubishi with two European car models
• Nissan names Guillaume Cartier as Chairperson for AMIEO region
• Audi e-tron, e-tron Sportback to be launched in H1 2021
• Tata Motors launches five New Forever range of BS-VI model cars in Nepal
• BMW drives in M340i xDrive in India priced at Rs 62.9 lakh
• 2021 Maruti Suzuki Swift facelift review: Minor changes up the appeal
• Ford drives in EcoSport SE at starting price of INR 10.49 lakh
• Nissan recalling 854K Sentra cars to fix brake light problem
• U.S. judge approves Daimler's $1.5 billion diesel emissions settlement
Two Wheelers
• HMSI commences deliveries of CB350RS
• TVS Motor launches 2021 Apache RTR 160 4V at starting price of INR 107,270
Auto Components
• Copper prices to hit record high in next 12 months, China's Maike says
• Continental expects return to net profit despite chip shortage
• Energy Secretary Granholm says U.S. needs to produce more EV minerals
• Swedish battery maker Northvolt buys U.S. startup Cuberg
• South Korea to exempt auto chip buyers from COVID-19 quarantine, provide vaccines
• LG hopes to make new battery cells for Tesla in 2023 in U.S. or Europe
Industry
• Govt should establish robust regulatory mechanism for cryptocurrency ecosystem: IAMAI
• Irdai slaps Rs 1 cr penalty on Chola MS General for undue payments to MSIPs
• Slower economic recovery slows vehicle sale in Gujarat
• Commercial EV charging equipment market to be worth over $870 billion in 2050: Woodmac
• Banks sanction Rs 2.46 lakh cr to 92 lakh borrowers under credit guarantee scheme
Oil & Lubes
• No recommendation by GST Council to bring petrol, diesel under GST: Ministry
• Italy's Snam inks deal to develop LNG plants for transport, industry
• Oil prices rise on economic outlook, drawdown in fuel stocks
Commercial Vehicle
• Sweden's Scania admits 'misconduct' in India after contract-for-bribes report
Aftermarket
• Ecom Express raises $20 million, to create 8,000 jobs
• CDC Group infuses $20 million funding in Ecom Express
• Skoda Auto to cover vaccination cost for employees
• Uber's Hyderabad engineering team leads tech for prescription delivery in US
Auto Technology
• Israel's Optibus raises $107 mln in private funding round
Auto Finance
• Stock market update: Auto stocks rise; Eicher Motors gains 3%
 
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