Morning Daily - 2021-04-01

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ETAuto Newsletter | Thursday, April 1, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• Why is there a global chip shortage and why should you care?
• SBI raises $1 billion loan from JBIC to help Covid-hit Japanese auto companies in India
• Indian talent makes it big at Robert Bosch Engineering and Business Solutions
• Global auto recovery to take more hits from Japan chip plant fire, severe U.S. weather - IHS
• Benefits of softening in international oil prices will be quickly passed on to consumers: Petroleum Secy
• We expect a strong growth momentum in the next financial year: Arnab Banerjee, CEAT
• TVS Motor exports 1 lakh two-wheelers in March 2021
• Ford to update financial impact of global chip shortage on April 28
• Maruti Suzuki partners with Karnataka Bank for car loans
• Volvo announces 24 weeks paid paternal leave
• Volkswagen starts bookings for SUV T-Roc in India priced at Rs 21.35 lakh
• How Suzuki Motorcycle CFO rode one year of the pandemic
• Mitsubishi Mahindra Agricultural Machinery, Kubota join hands to offer products in Japan
• Automakers BMW, Volvo back moratorium on deep seabed mining
• How Ghosn's Downfall Rocked the Global Auto Industry Bloomberg.com
• GM 'disappointed' racism ad runs again as CEO set to meet Black media execs The Detroit News
• Artificial Intelligence's Impact On Jobs Is Nuanced Forbes
• 11 Things To Never Say During A Job Interview Forbes
Passenger Vehicle
• Volkswagen regrets how Voltswagen campaign was perceived
• All three WRC manufacturers sign up for new hybrid era
• U.S. agency urges some GM van owners to park outside pending recall
• MG Developer Program & Grant 2.0 supports 8 more startups
• AC Milan signs multi-year partnership deal with BMW
• Daimler says 2021 off to strong start, to speed up electrification
• Volkswagen Taigun unveiled, launch in festive season
• An unwelcome prank: Volkswagen purposely hoodwinks reporters
Auto Components
• Indian-American Congressman Ro Khanna pushes for USD 10-trillion re-industrialisation plan
• Nickel prices may soon fall as Indonesia boosts supply - Tsingshan official
• Chip charge: Chinese phone, car, home appliance companies join semiconductor rush
Tyres
• Italy's Pirelli sees margins near pre-COVID-19 levels in 2022
Industry
• India records current account deficit of 0.2% in December quarter
• Welspun One Logistics Parks launches integrated online platform for land owners, brokers
• Domestic road transportation sector to grow by 10-12 pc in FY 2022: ICRA
• Rooftop solar combined with batteries, EVs is key for India: IEEFA
• Core sectors output contracts by 4.6 pc in Feb
• Google, BMW, Volvo, and Samsung SDI sign up to WWF call for temporary ban on deep-sea mining
• China manufacturing rebounds in March amid tech, virus risks
• No need to take appointment to get licence for e-rickshaw
• India bounced back in big way but not out of woods; real GDP growth to be 7.5% to 12.5%: World Bank
• BP joins BMW Group-Daimler Mobility JV Digital Charging Solutions GmbH
• A billion for every chip-maker who 'makes in India,' sources say
• Biden proposal: $174 billion for EVs, new funds for renewable power
• Want to create 5 million green jobs? Invest in public transport in cities
• China factory activity rises but analysts warn of 'fragile recovery'
• World Bank raises India's FY22 GDP forecast to 10.1% from 5.4% earlier
• IRB Infra closes FY21 with Rs 5,004 cr contracts
Oil & Lubes
• BPCL dealers seek exit window before privatisation
• Play OMCs via Reliance, not BPCL or HPCL: Chakri Lokapriya
• Petrol drops to Rs 97 and diesel to Rs 88 in Mumbai
• The global race to develop 'green' hydrogen
• India retains natural gas prices for April-Sept at $1.79/mmbtu
• After record surge, petrol, diesel and LPG prices to fall
• China's mega-refineries are throttling other Asia oil processors
Commercial Vehicle
• Stellantis expects hydrogen fuel cell vans to arrive by end of 2021
• Self-driving truck startup Plus raises extra $220 million
• IGL to supply CNG for DTC till 2031: Kailash Gahlot
Aftermarket
• ExxonMobil signs pact to supply lubricants to Nissan Motor India PV aftermarket biz
• Gig economy can service up to 90m jobs: BCG report
 
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