Morning Daily - 2021-04-05

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ETAuto Newsletter | Monday, April 5, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• Covid pulls back Indian auto market by 7 years
• Jaguar Land Rover plans to undertake ten product actions in Indian market in current fiscal
• M&M may apply for banking license, will meet all standards: Anish Shah, MD, M&M
• RBI may maintain status quo on rates due to jump in Covid infections: Experts
• Hero Electric aims to train 20,000 roadside mechanics to deal with EVs
• Hyundai Alcazar teased ahead of global unveil
• Restocking, base effect boost two-wheeler sales in March
• India holds world record for fastest road construction: Nitin Gadkari
• Rebound in commercial vehicle space to gain strength
• Tesla files a petition against US labor board order
• India's crude steel output falls 1.4 per cent to 8.94 million tonnes in December
• Ease crude oil production cuts, India tells Opec
• Andhra Pradesh: DCB Bank to focus on tractor loans for rural market
• Enigma Auto looks to seal sales deal with Bengaluru-based firm to supply 2,000 EVs
• Officials, business representatives call for China-US cooperation on auto industry Globaltimes.cn
• How To Reboot Your Career If You Get The Brush-Off At Work Forbes
• In An Amazingly Positive And Encouraging March Employment Report, 916,000 Americans Found New Jobs Forbes
Passenger Vehicle
• John Krafcik quits as CEO of Google's self-driving car project
• IIT Delhi works on making EVs part of life
• US agency opens 2 safety probes of Volkswagen, Audi vehicles
• Kia will cancel two days of production next week in Georgia
Auto Components
• An EV battery that doesn't need electricity for charging
• Commerce ministry makes import registration compulsory for host of aluminium, copper products
• Vedanta to set up a new copper smelter with an investment of Rs 10,000 crore in a coastal state, submits EoI
• Indonesia says China consortium to invest $5 bln in electric battery venture
Industry
• Repeat traffic offenders can now be named and shamed
• Nitin Gadkari warns contractors and officers against poor quality work
• FM Logistic India realty arm acquires 30 acre in Mumbai region from Lodha group for Rs 106cr
• Vax drive, earnings growth to determine market's FY22 trajectory: Report
• Logjam deepens at the world's ports as pandemic strikes shipping
• Surge in commodity prices to impact India's economy: Ind-Ra
• US factories desperate for workers, even as ranks of jobless remains high
• Crypto firms got more funding last quarter than in all of 2020
• Accommodative stance, mega US infra plan to strengthen rupee
• As prices rise across supply chains, will inflation come for you too?
• Relieved there's no shutdown, logistics a concern: Industries
• Tech-enabled convergence of commerce propelling the next era of economic growth
• Centre approves road, bridge projects worth 490 crore for Odisha
• DRDO research centre and manufacturing unit for electric vehicles to come up in Lucknow: Rajnath Singh
• Commodity Concern: Rising prices emerge as next big hurdle for economic rebound
• Rajasthan: Transport department earns 83% of its target
• Ministry of Corporate Affairs defers mandatory audit trail rule by a year
• Adani Enterprises bags Rs 1,169 cr highway project from NHAI in Odisha
• Munjal family matriarch Santosh Munjal passes away at 92
• PSU banks go slow on asset sales, await privatisation list
Oil & Lubes
• Amid India's bid to cut Saudi oil imports, Aramco raises oil price for Asia
• Fuel prices unchanged for 5th straight day
• Total says abandoning Myanmar gas field would hurt workers, cities
• Government to slap recovery notice on Vedanta's Cairn after Delhi High Court judgment
• Gas producers continue to bleed as govt-dictated prices remain low, says Icra
• Reliance Industries gets shareholders, creditors OK for hiving off O2C business into separate entity
Aftermarket
• Uber to pay $1.1mn to blind woman for refusing rides 14 times
 
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