Morning Daily - 2021-03-24

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ETAuto Newsletter | Wednesday, March 24, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• Tata Motors' luxury unit Jaguar Land Rover to launch 10 models in India in 12 months
• High cost of acquisition real threat: Maruti Suzuki
• The going gets tough for foreign tyre makers in India post import restrictions
• Hero MotoCorp to increase prices from April
• Defence ministry seals deal with Mahindra Defence for procurement of 1,300 combat vehicles
• Electric SUV Jaguar I-Pace launched in India at starting price of INR 1.06 Crore
• Our mobility business is not just recovering but rapidly growing, says Olas Varun Dubey HBL
• Ready to discuss bringing petrol, diesel under GST at next Council meet: FM Nirmala Sitharaman
• Renault to hike prices across models from April 2021
• Nissan announces price hike across its range
• Can't allow extension of loan moratorium period, says SC; waiver of interest not possible
• China to set up electric vehicle manufacturing plant in Pakistan's first private SEZ - Profit by Pakistan Today Profit by Pakistan Today
• View: Why PM Modi's visit to Bangladesh makes good sense for India Inc
• Price hike: Maruti to walk a fine line
• Tesla's in-car cameras raise privacy concerns: Consumer Reports
• Volkswagen says Gernot Doellner becomes new strategy chief
• Panasonic teams with McAfee to stop car hacking Nikkei Asia
• Toyota to produce key fuel cell components in China Nikkei Asia
• Self-Driving Cars As Bait Cars To Catch Those Dastardly Car Thieves Forbes
• BorgWarner targets almost half of revenue from electricfication by 2030
• EV battery startup QuantumScape seeks to raise $859M to fund expansion Automotive News
• VW truck unit Traton to spike e-mobility R&D spend to EUR 1.6 billion by 2025
• Why People Don't Always Speak Up At Work Forbes
• Managers, Here Are 3 Common Myths About Disengaged Employees Forbes
• 7 Strategies For Maintaining Employee Motivation When Remote Forbes
Passenger Vehicle
• EQC vs I-Pace? Mercedes isn't in mood to fight it out yet
• Tesla's Autopilot technology faces fresh scrutiny
• Stellantis' war on costs in Italy begins with the toilets, unions say
• China's Geely plans new EV unit after profit fell by a third in 2020, shares drop
• Renault to add three hybrid models in key production hub Spain
• Volvo Cars to launch joint venture with ECARX to develop smart car software systems
• Hyundai faces production disruption from April due to chip shortage: FT
• Tata Motors continues association with IPL for fourth straight year
• Honda to extend production suspension at some North American plants
• Hyundai Alcazar interior teased, unveil on April 7
Two Wheelers
• E-scooter by IIT Delhi has running cost of 20 paise per km
Auto Components
• Indonesia eases requirements for mining export permits, nickel excluded
• AB Volvo shares fall 7% after warning chip shortage to hit output
Industry
• NHAI InvIT appoints Rajesh Kumar Singh as CHRO
• Govt raises PF threshold limit to Rs 5 lakh for earning tax-free interest
• Eaton acquires Green Motion SA to expand EV charging capabilities
• Bad loans likely to jump by Rs 1.3 lakh crore
• Rise of the blue-collar gig economy
• National highways construction pace touches record 34 km/day
• GST collections top Rs 1 lakh crore for five straight months since Oct 2020: MoS Finance
• Rising virus cases risk denting India's economic recovery
• Stock market update: Auto stocks gain; Motherson Sumi rises nearly 3%
• India's carbon neutral aim hinges on top emitters using hydrogen
• By Aug 15, SDMC targets 100 e-charging stations
• How China is winning the electric mobility play
Oil & Lubes
• Gas price for ONGC to inch up to $1.82, fall below $4 for Reliance-BP
• Saudi Aramco remains in discussion to pick stake in Reliance unit
• Domestic fuel prices set to reduce as international crude oil rates plunge 10%
Commercial Vehicle
• Goa launches 30 electric buses under FAME India
• Self-driving truck startup TuSimple files for U.S. IPO
• Truckmaker Volvo hit by semi-conductor shortage, sees negative impact on earnings and cash flow
• Transport department set to introduce more e-buses in Bihar
Aftermarket
• Uber's transit service mainly used in lower-income U.S. city outskirts, company data shows
• German online car retailer MeinAuto shifts into IPO gear with sales drive
Auto Technology
• Hyundai declares winner of the H-Social Creator 2020
 
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