Morning Daily - 2021-04-02

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ETAuto Newsletter | Friday, April 2, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• Auto sales in March see upswing on back of base-effect
• Ford and Mahindra to end collaboration on all projects in India
• Tata Motors completes transfer of defence biz to TASL for consideration of Rs 227.7 cr
• Video: What is the Path to Electrification of Powertrain in India?
• In a first, private sector specialist Mallika Srinivasan appointed chief of govt headhunter PESB
• States fight each other for jobs with laws to hire local
• Triumph Motorcycles drives in updated Bonneville bike range in India
• Global chip supply chain increasingly vulnerable to massive disruption: Study
• Exports of foreign subsidiaries accounted for 33% of their total sales in FY20: RBI
• Government fast-tracks MSME insolvency
• Presentation on Maharashtra The Auto Hub of India by Dr. P Anbalagan
• What is behind the global chip crisis? What is behind the global chip crisis?
• Detroit Three automakers post first-quarter sale gains; foreign rivals surge, too The Detroit News
• When You Think About Green Jobs, Broaden Your Horizons Forbes
• The Best Ways To Get A Job In 2021 Forbes
Monthly Sales Report Card
• Maruti Suzuki domestic sales surge 96% to 155,417 units, FY'21 sales down 6.7%
• M&M reports sale of 40,403 units in March, FY21 domestic PV sale down 16%
• Tata Motors sales jump 500% to 66,609 units in March; FY21 sales up 5%
• Toyota Kirloskar Motor sells 15,001 units in March; FY21 sales down 18.36%
• Honda Cars domestic sales at 7,103 units in March; FY21 sales down by 19.60%
• MG Motor sells 5,528 units in March 2021; plans no production days in April
• Nissan sells 4,012 units in March, FY21 sales up 6%
• Royal Enfield sales at 66,058 units in March
• Hero MotoCorp March sales up 72% at 576,957 units
• Honda 2Wheelers domestic sales up 60.77% to 395,037 units in March; FY21 sale declines by 19.04%
• TVS Motor total sales at 3,22,683 units in March
• Ashok Leyland reports over 10-fold jump in truck sales in March
• VECV sells 7,037 units in March, FY21 sales down 15.3%
• Mahindra tractor sales up 128% at 30,970 units in March
• Escorts domestic tractor sales up 124% at 11,730 units in March
• Sonalika reports highest-ever annual sales in FY21 at 1,39,526 units
Passenger Vehicle
• U.S. automakers post high quarterly sales even as chip shortage bites
• GMs Q1 sales rise in US, but chip shortage hits inventories
• Stellantis plans to triple electric vehicle sales in 2021 - Elkann
• Porsche to adopt Android Auto starting with 2022 models
• Volkswagen to buy credits from Tesla in China to comply with environmental rules, say sources
• Volvo Cars to review options including IPO, Geely says
Two Wheelers
• Startup bets big on e-scooter ride in Bengal
Auto Components
• Tsingshan to build $1.6 bln lithium battery plant in southern China
• Australian court orders Tianqi Lithium to pay $29 mln to court fund
• Apple to use Tesla 'megapack' batteries at its US solar farm
• Auto industry rethinks cost-cutting playbook as COVID-19, chip shortages disrupt supply chains
• U.S. ITC says SK Innovation didn't infringe LG Energy Solution patents
• Buoyant global rates to support domestic steel prices amid possible moderation in demand: ICRA
Tyres
• Pirelli's CEO sees no impact from merger between ChemChina and Sinochem
Industry
• ICICI Bank, PhonePe tie up for issuance of FASTags
• World Logistics Passport announces expansion in India, adds Hyderabad as second hub
• Indian growth outlook brightens but COVID-19 casting a shadow
• White House asks EPA to study whether electric vehicles can generate renewable fuel credits
• GST collections at record high of Rs 1.23 lakh cr in March
• HCC Group's infra arm to get Rs 1,259 cr from NHAI following closure of outstanding disputes, claims
• Gas price for ONGC remains at decade low of $1.79, falls 11% for Reliance-BP
Oil & Lubes
• OPEC and allies agree to gradually boost crude oil output
• BPCL acquires OQ's stake in Bina refinery
• Gujarat added most CNG stations in India
• India's March petrol sales up 27.4% y/y; diesel up 28.6% y/y
• Numaligarh Refinery limited has now ventured into the domain of Door-to-Door-Delivery of Diesel
• Opec+ hesitates between oil cuts rollover and increase, sources say
• Indian state retailers' March petrol sales up 27.4 per cent year-on-year; diesel up 28.6 per cent
• Oil prices gain ahead of OPEC+ group's meeting on output policy
Commercial Vehicle
• IGL signs long-term pact with DTC for supply of CNG
 
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