Morning Daily - 2021-04-06

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ETAuto Newsletter | Tuesday, April 6, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• Tata Motors jumps to third position in PV sales for FY21 beating Mahindra; grows in market share
• Maruti Suzuki produces over 1.7 lakh vehicles in March
• No sedans, mini SUVs for M&M: CEO Shah
• As sales grow, insurers rev up for electric vehicle segment
• Hyundai crosses 10 lakh sales mark for SUVs in India
• Demand in most segments that company caters to comes back strongly: Cummins India MD
• Tesla's market value set to gain $50 billion on record EV deliveries
• Tata Nexon EV volume doubles in 3 months, sales zoom to 4,000
• India's factory activity slows to seven-month low on renewed COVID-19 lockdowns
• JK Tyre partners with JBM Auto for CNG and E-Bus tyres
• India to purchase 36% less oil from Saudi Arabia in May
• Becoming Voltswagen: An April vool joke that vell vlat
• Use of digital twins results in 10% improvement in effectiveness of organisations: Altair
• Drive profitability with 'over the air update' optimisation
• Mahindra's new CEO seeks to revive growth at $19 billion group
• Suez Canal Authorities say backlog of ships is now cleared
• Why This Spring Season Is The Smart Time To Start Searching For A New Job Forbes
• Delayed Reaction: Three Days After Blowout Jobs Report, Stocks Enjoy Tailwind Forbes
Passenger Vehicle
• Tesla's 'jaw dropper' delivery numbers supercharge EV stocks
• Autonomous cars an ideal match for Apple, believes Tim Cook
• Toyota strengthens Gazoo lineup, debuts GR86
• Aaveg to replace 7% of fleet with EVs
• Volvo Car India to bear COVID-19 vaccination cost of its employees
Auto Components
• International firms expanding production in India as govt backs investors with PLI
• Intel CEO to attend White House meeting on chip supply chain
• LG now sets sights on vehicle parts, AI
• Copper futures jump 1% on pickup in spot demand
• IIT Hyderabad develops dual carbon alternative to lithium-ion batteries
Industry
• Covid and rising oil prices big headwinds for India: Chris Wood
• Gadkari to review progress of Delhi-Mumbai expressway project
• NHAI files papers with Sebi for InvIT; plans to raise Rs 5,100 crore
• International firms expanding production in India as govt backs investors with PLI
• Centre promulgates IBC amendment ordinance to allow pre-packaged insolvency for MSMEs
• Rupee falls by 18 paise to close at 73.30 against US dollar
• moEVing launches operations in Delhi/NCR, Bengaluru, Pune
• Renewal of old vehicle regn set to cost more from Oct 1
• Subaru to temporarily shut its plant due to chip shortage
• Oye Rickshaw raises Rs 24 cr from Alteria Capital to expand EV energy infra
• Delhi: Switch campaign ends as youths pledge to make e-vehicle their first ride
• India, UAE and Israel's trilateral trade could reach USD 110 bn by 2030: Top diplomats
• NHAI pays Rs 693cr to settle two IL&FS road projects
Oil & Lubes
• Crude oil prices rise outweighing OPEC+ supply worries
• Indian Oil Corp buys its first Johan Sverdrup crude cargoes - sources
• Rajasthan: Petrol pumps to remain closed on April 10
• Oil prices slip after OPEC+ agree to ease output cuts
Commercial Vehicle
• Music systems set to go under proposed MP autorickshaw rules
• Transport department cracks down on diesel trucks carrying C&D waste
Aftermarket
• ReadyAssist plans to provide roadside assistance to EVs across 5,000 locations in India
Auto Technology
• Moto Manipal students win national level prize for designing superbike
• IIT Mandi researchers, RBEI develop algorithms to monitor IC engines
 
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