Morning Daily - 2021-03-13

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ETAuto Newsletter | Saturday, March 13, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• Tesla in talks with Tata Power for EV charging infrastructure: Report
• Honda 2Wheelers to recall H'ness CB350 bikes over faulty gear
• Over 40 top industry leaders to speak at 5th Edition of ETAuto EV Conclave
• Posco's steel plant in India faces disruption, hampers auto supply chain
• Tractor sales continue to surge, up 33% in Feb
• Scania denies gifting luxury bus to Gadkari, admits bribing public sector officials
• India's February inflation rises on higher fuel prices
• Reserve 5% space in parking lots for EVs, charging points: Delhi govt to buildings like malls, hotels
• Ahead of IPO, Craftsman Automation garners 247 crore from anchor investors
• Auto volumes to grow in double digits: Ind-Ra
• Next generation of Ford family to take seats on board
• Tesla Faces New Reality of Tough Competition WSJ
• Booming electric vehicle sales drive surge in cobalt prices
• Birla Precision Tech increases capacity to take on China imports HBL
• GM partner LG to invest $4.5 billion in US battery operation
• Schaeffler to cover vaccination cost of 635 employees
• Self-Driving Cars To Be Especially Welcomed In Zoom Towns Forbes
• Chip shortages may last into late 2021, Renesas says Automotive News
• EU plans to make battery cells for 7 mln electric cars by 2025 - Handelsblatt
• Why Work-Life Balance Has Become A Career Dinosaur Forbes
• The Role Of Culture In The New Workplace: What CEOs & Senior Leadership Need To Know Forbes
Passenger Vehicle
• VW drives for second place in Tesla-led tech race
• Daimler to recall 2.6 million Mercedes-Benz cars in China
• Volkswagen's pre-owned channel aims to boost presence
• Cars' adaptive cruise control raises crash risks: Study
• Renault to sell its stake in Daimler to reduce debt
• VW-backed EV charging firm Ionity to sell minority stake: Sources
• Ford to launch recall of 2.9 million vehicles for air bag inflators
Two Wheelers
• 2022 Indian Motorcycle Chief lineup priced at INR 20.76 lakh onwards
Auto Components
• Europe sees e-vehicle battery self-sufficiency by 2025
• Brakes maker Haldex picks Jean-Luc Desire as CEO
• Trafigura CEO expects 10 mln tonne supply deficit in copper market by 2030
• Auto parts maker Holley to merge with blank-check firm in $1.55 bln deal
• Adient to end tie-up with China's Yanfeng in $1.5 bln deal
• Battery tech firm Skeleton receives 51 mln euro grant from Germany
Industry
• Tesla investor sues Musk, claims tweets violate SEC settlement
• India looks forward to greater participation from Japan in PLI scheme: DPIIT secy
• Gadkari asks domestic auto industry to adopt Make in India
• Fire at Tesla's Fremont factory under control, no injuries reported
• Auto industry urges emissions deal weaker than Obama's
• UN Road Traffic Safety Forum lauds Haryana police initiative to check accidents on NH 44
• Finance ministry to infuse Rs 14,500 crore in banks under PCA soon
• GM says U.S. should extend consumer, investment tax credits to boost electric vehicles
• Forex reserves fall by $4.255 billion to $580.299 billion
• Alfa Romeo and Lancia brands to enjoy stronger investments under Stellantis -Elkann
• BRICS: India proposes deliverables on TRIPS waiver, e-comm consumer protection, traditional knowledge
Oil & Lubes
• Saudi cuts April crude for some Asian refiners, maintains India supply: Report
• Not 100% ethanol, blended fuel makes more sense: Narendra Taneja
• Consumers get relief as fuel prices remain static
• In a first, Japan-Australia venture starts producing hydrogen from dirty coal
Commercial Vehicle
• Nitin Gadkari sends legal notices to 2 European media houses over Scania
• Lordstown Motors' shares slump after Hindenburg takes short position
• Andhra Pradesh ready to probe 2015 Scania bus deal if evidence found
Aftermarket
• Maruti Suzuki Driving School trains over 15 lakh applicants in safe driving
• 'Wrong toll deduction big roadblock for GPS-based collection'
• Uber, Lyft team up on database to expose abusive drivers
• LG, Luxoft launch joint venture for automotive solutions
• Uber wins Dutch court case over data brought by British drivers
Auto Finance
• Stock market update: Auto stocks fall; Maruti Suzuki slips nearly 2%
 
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