Morning Daily - 2021-03-26

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ETAuto Newsletter | Friday, March 26, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• Maruti Suzuki eyes record production for next financial year
• Hyundai Motor places bet on selling more SUVs amid chip shortage Nikkei Asia
• Industrial units at Chakan want vaccinations for staff on priority
• Stringent tests required to be passed now to get driving licence: Gadkari
• Demand for diesel cars is still higher: Mercedes-Benz India head HBL
• India and Saudi Arabia spar over oil prices
• Craftsman Automation lists at 9% discount to issue price
• Electrics are the future, says Hero Moto chairman Pawan Munjal
• RBI has major concerns on cryptocurrencies, flagged it to govt: Das
• 'Not possible to bring fuel into GST regime even for next 8-10 yrs': Sushil Modi
• Cognizant announces acquisition of ESG Mobility to expand automotive engineering expertise
• SUN Mobility ties up with TPDDL to set up a network of battery swap points for EVs
• Infinity Cars selected as new dealer for Porsche in Mumbai
• Women hold majority of seats on GM's expanded board of directors
• Tesla Cofounder Battery Recycling Startup Ties Up With Top U.S. E-Waste Processor Forbes
• Here is Why We Will Soon See A Boom In Hiring Forbes
• Foxconn hits the gas on vision for 'fabless' EV future Nikkei Asia
• Looking For A Senior Role? 3 Traits To Highlight On Your Resume Forbes
• One Year On, Do Millennials Miss The Office Anymore? Forbes
Passenger Vehicle
• Mercedes-Benz offers 8-year warranty on A-Class engine and transmission
• No new Polo? Volkswagen pins hopes on SUVs, localisation
• UK car output falls 14% in February amid COVID-19 hit
• Volkswagen powers up for the electric vehicle revolution: Andy Home
• Ford to phase out Mondeo sedan production in Europe in early 2022
• Justices say accident victims can sue Ford in state courts
• Stellantis considering closure of production line at Melfi plant in Italy: Union
Two Wheelers
• BMW launches M1000 RR in India, the premium performance motorcycle costs Rs 42 lakh onwards
• Hero has a huge focus on global business: Pawan Munjal
Auto Components
• Promoting chip cooperation with Taiwan is a priority: US ambassador
• NXP India launches semiconductor incubation and acceleration program with MeitY, FabCI
• Mexico eyes bigger role in lithium industry, sees speculation in mining concessions
Industry
• SC to pronounce judgment in Tata-Mistry battle on March 26
• What happens when stimulus ends? Chinese equities' 15% plunge shows just that
• Automakers say 2020 production plunged in 'worst crisis ever'
• India to be the third largest economy in 10 years: Indranil Sen Gupta, BofA Securities
• Uttar Pradesh: Trial of online vehicle-related service starts
• U.S. transport chief not endorsing banning gas-vehicles after 2035
• Tesla CEO Musk's anti-union tweet from 2018 must be deleted: U.S. labor board
• Govt reviews Niti Aayog functioning
• Nissan commits to electric Formula E until end of 2026
• Rising COVID infections have reignited uncertainties on economic outlook in near term: Icra
• Exor turns to small loss in 2020 but net asset value rises
• Govt trying to construct e-highway on 1,300-km Delhi-Mumbai Expressway: Gadkari
• Zipaworld buys 30 pc stake in Radiant X-Ways Logistic, sets up presence in domestic market
• BPCL disinvestment process moving on well, to conclude sale by Sept-end: DIPAM Secy
• Delhi-Jaipur highway will be rid of toll plazas in first phase
• Wardwizard aims to achieve 25 percent of overall EV Market in India
• Income tax refunds worth Rs 2.13 lakh crore issued to 2.24 crore taxpayers
Oil & Lubes
• Petrol and diesel prices fall further, second cut on run
• Karnataka to resist inclusion of fuel in GST regime
• Oil prices slide as coronavirus lockdown concerns outweigh Suez Canal disruptions
• GAIL Gas, Confidence Petroleum sign pact for CNG stations in Bengaluru
• IndianOil inks pact with Dorf Ketal Chemicals
Commercial Vehicle
• UK electric van startup Arrival plans more microfactories this year -executives
• Ford idles F-150 truck plant through Sunday due to global chip shortage
Aftermarket
• Uber joins hands with ScriptDrop for prescription delivery
• Volvo Group Venture Capital invests in supply chain visibility platform FourKites
• Deliveroo's main sustainability doubt is financial
• Chipotle invests in SoftBank-backed driverless delivery startup Nuro
Auto Technology
• Mercedes-Benz begins to produce battery systems for EQS electric luxury sedan
Auto Finance
• Shriram Transport declares second dividend of Rs 6 per share for FY21
• NBFCs want govt to refund interest on deposits
 
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