Morning Daily - 2021-03-12

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ETAuto Newsletter | Friday, March 12, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• Mahindra receives RBI clearance to reduce ownership in SsangYong
• Opinion: Why do luxury cars eat humble pie in India?
• Tata Motors hopes to boost LCV market share with new Ultra sleek T. series range
• Mahindra and Mahindra let go of 146 employees in the past 12 months, refutes reports of firing 300 executives
• Nothing to do with allegations of Scania paying bribe: Gadkari
• Car tyre prices up on rising raw material cost, supply glitches
• Vehicle scrapping firms to get Maharashtra govt consent
• Auto loan defaults to stay high as fuel costs, low freight rates pinch
• Auto dealers' margins will return to pre-Covid levels next fiscal: Crisil
• Kant urges stakeholders to replicate Indian dominance in ICE 2 wheelers in EVs
• Tesla raises price of Model Y, Model 3 and Model S variants
• India's February fuel demand falls to 5-month low
• Nissan appoints Guillaume Cartier as chairperson of AMIEO region
• Hero sets ambitious output goal for FY22 Mint
• Tractor sales rise by around 30% in February 2021 to 84,690 units Business-standard.com
• 11 Of The Best Ways To Look For New Employment In 2021 Forbes
• Want To Get Hired This Spring? Here's Where To Job Hunt Forbes
Passenger Vehicle
• Land Rover Defender diesel launched at Rs 94.36 lakh
• GM announces partnership with lithium metal battery startup
• Toyota X-Prologue teased, unveil on March 17
• Plea in HC to add hydrogen fuel vehicles in Centre's FAME scheme
• Bugatti Chiron Pur Sport comes with a $3.6 mn price tag, but this supercar is a stern reply to all EVs
• BMW remained profitable in 2020 with strong second half
• China's auto sales surge four-fold in Feb, 11th straight monthly gain
• Apple tilts to tried and tested iPhone playbook for car as talks with automakers stall
• Dirty power stations seen as bigger threat to Japan car output than quake
Two Wheelers
• Detel plans to set up 150 sales outlets for EVs in North India this year
Policy
• Centre unlikely to extend timeline for execution of vehicle emission norms from 2022
Auto Components
• China semiconductor trade association establishes work group with U.S. counterpart
• Thyssenkrupp to cut additional 750 jobs at steel division
• SK Innovation says LG offer to resolve dispute needs to protect US business
• ZF introduces 800-volt architecture for electric premium and sports cars
• Velodyne board fostering 'anti-stockholder' culture, says founder Hall
• DPCC to finalise plan to deal with batteries of e-vehicles by 2022
Tyres
• Tire company Bridgestone offers employees $100 to vaccinate
Industry
• MFI's gross loan portfolio grows 6.4 pc to Rs 2.27 lakh cr as of Dec 2020: Report
• Honda of America plans to sell 2 fully electric SUVs in 2024
• IndoSpace and METL's joint venture acquires 55 acres in Farukhnagar
• Govt alive, aware about various issues around cryptocurrencies: DFS Secy
• LG directs officials to prepare plan for e-waste management park in Delhi
• Triton Electric registers unit in India
• Indonesia says Suzuki, Mitsubishi to increase autos investments
• NHAI settles Rs 707 cr claim of IL&FS' FSEL
Oil & Lubes
• Crude oil declines, but stays near $70 as demand recovery hopes lend support
• OPEC expects most of 2021 oil demand recovery in second half
• 12 days on, fuel prices remain unchanged
• Shell's 2020 carbon emissions fall on the back of fuel sales drop
Commercial Vehicle
• KTC e-buses to debut on March 23
• EV startup Canoo plans to roll out American-built, pod-like electric pickup in 2023
• INSIGHT-Picture brightens for commercial EVs on rising demand from delivery customers
• Truckmaker Volvo warns of disruption due to semi-conductor shortage
• Truckmaker Scania says semi-conductor shortage threaten production: Dagens Industri
Aftermarket
• FedEx CEO to testify as U.S. lawmakers make green infrastructure push
• Gig economy shifts: Spain delivery riders are now employees
• Lithia Motors CEO says company could lead auto dealer industry consolidation
Auto Technology
• Luminar strikes software deal to offer self-driving systems to automakers
 
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