Morning Daily - 2021-03-18

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ETAuto Newsletter | Thursday, March 18, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• Delhi govt incentives will exceed FAME-II subsidy: Kailash Gahlot
• ETAuto Exclusive: Classic Legends Jawa Motorcycles CMO puts in papers; national sales head takes a sabbatical
• EV startups in shared mobility space to see multi-fold growth in 2021
• RC renewal of old cars set to go up 8 times from October
• High taxes on luxury vehicles in India are restricting growth: Mercedes Benz
• India assembled Jeep comes at INR 53.90 lakh
• Auto sector ad volumes witnessed 16% growth in Q4 of Y 2020: TAM AdEx Report
• BLive raises USD 1 million in Pre-Series A round
• What stops govt from bringing petrol, diesel under GST?
• SKF India launches 3 new automotive aftermarket products
• SsangYong pays 140 million won to start standard bankruptcy procedure in Seoul
• Chip shortage to hit March production at Volvo Cars in China, U.S
• Shortage of new shipping containers adds to global trade turmoil
• Recycling old cars is an art - with massive machines FOX 2 Detroit
• BHP and ADC plan the future electrification of transport Miningglobal.com
• A Job Training Policy With Serious Equity Implications Forbes
• Five Career Development Tips: Be Your Own Best Advocate Forbes
Passenger Vehicle
• BMW expects 'significant' rise in 2021 earnings
• Volkswagen overtakes SAP to become Germany's most valuable blue-chip
• U.S. safety regulators reviewed concerns over GM sensor
• BMW rolls out 8th-gen iDrive connected tech
• UAW criticizes Ford plan to build new vehicle in Mexico, not Ohio
• BMW says every other car it sells to be fully electric by 2030
Two Wheelers
• Hero Electric retails 50,000 units in 2020
Auto Components
• World going through unprecedented chip shortage, China trade body says
• Hitachi ABB Power Grids in India bags Rs 124 cr order from BALCO
• China's BYD hires engineers for Europe EV battery plant
Industry
• European new car sales drop by 20% y/y in February- ACEA
• Gati-KWE plans to invest Rs 100 cr in infra, tech development next fiscal
• Shuchi partners with HPCL to set up EV charging points across retail fuel pumps
• Container freight stations should be allowed to handle more logistics services, domestic cargo
• Audio Interview Title: Automotive OEMs and Suppliers: How Safe is Your IP in South East Asia?
• SC notice on plea for common duct on highways to avoid digging
• Battling for batteries: Two Korean companies court Washington
• India's Hero Cycles to set up new global hub in London
• Electric ambitions drive Volkswagen's market value towards $150 billion
• Volkswagen abruptly pulls plug on South Korean battery makers
• HR policies, CSR contributions beat pay and benefits amongst India's tier 2 city workforce when defining a good business: Survey
Oil & Lubes
• Crude oil price falls for fifth straight day amid rising US stockpile
• Indian Oil Corporation enters into joint venture with Israeli company Phinergy
• BPCL bullish on clean fuel, aims at increasing CNG sale share to 15pc in 4-5yrs
• Oil companies maintain pause; petrol, diesel prices unchanged for 18th consecutive day
Commercial Vehicle
• UK electric van startup Arrival to build North Carolina "microfactory"
• Turkey's Ford Otosan shares extend gains after investment
• UP: Air-conditioned electric buses introduced in Lucknow
• Euler Motors raises additional USD 2.6 million in Series A round
• RevFin partners LoadExx to launch aggregation platform for cargo EVs
Aftermarket
• In a first, Uber agrees to classify British drivers as 'workers'
• Ola to provide free Covid-19 vaccination for employees and dependents
Auto Technology
• Toyota Aygo X Prologue unveiled, 'spicy' take on current model
• Police say Autopilot not believed in use in Detroit Tesla crash
Auto Finance
• Stock market update: Nifty Auto index slips over 1%; Ashok Leyland tanks 5%
 
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