Morning Daily - 2021-04-08

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ETAuto Newsletter | Thursday, April 8, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• Pulling out of Ssangyong and Ford JV were very difficult calls of my career, says Pawan Goenka
• RBI keeps repo rate unchanged at 4%; retains FY22 GDP growth projection to 10.5%
• Video - Localising EV Supply Chain: Challenges and Opportunities
• Ashok Leyland to carve out two new units to strengthen green transport solutions
• Citroen enters India with C5 Aircross SUV at INR 29.9 lakh
• Stepping on the Gas: Tata Motors to foray into CNG space
• Mercedes-Benz India Q1 sales up 34% to 3,193 units
• Auto component industry may see 6-8% revenue contraction last fiscal: ICRA Report
• Wearing mask mandatory even when driving alone, says Delhi HC
• How Bridgestone India unlocked $5.9 million in nine months
• Need safe engineering for rural roads to minimise accidents: IRF
• Virtualisation of EV Drive-Train V&V, Shitalkumar Joshi, Head Electrician, India-ASEAN, ANSYS
• Fast & furious: Will Biden's $174BN accelerate a global EV boom? Aljazeera.com
• GM ups EV commitment with plan to build electric Silverado The Detroit News
• Started A New Job While Remote? Here's How To Get To Know Your Co-Workers In Person Forbes
• Green Jobs Demonstrate The Perils Of Government-Directed Economic Growth Forbes
Passenger Vehicle
• Hyundai set to debut Alcazar on April 8: Key highlights
• Citroen receives over 1000 pre-bookings for C5 Aircross SUV
• Tesla says cameras in cars not activated outside N.America: Weibo post
• Kia to focus on SUVs, to start third shift at Anantapur plant
• With a car that can cook your dinner, latecomer Hyundai just took EV race several gears higher
Two Wheelers
• China's electric scooter maker Niu launches kick-scooter models
Auto Components
• GM offers clues to technology aimed at slashing EV battery costs
• Rio Tinto starts producing lithium from waste rock at California mine
• South Korea's SK Hynix near deal to supply auto chips to Germany's Bosch: Media
Tyres
• Cheap Chinese tyres flood Pakistani markets, capture big share
Industry
• Private vehicle a public place even with single person, mask has to be worn: Delhi high court
• Global crypto market crosses $2tn for 1st time
• Gadkari flags off 90 ambulances for road accident victims
• RBI targets 5.2% retail inflation for first half of FY22
• Can Biden add energy jobs? Hope mixes with doubt
• Mahindra introduces end-to-end solution for scrapping old vehicles
• CEO Mary Barra bets GM can grow beyond cars and trucks
• Roaring commodity demand is pushing shipping rates higher, and the rally isn't over
• High forex reserves, liquidity steps may hit RBI's surplus transfer to govt
• Economic recovery still shallow, a month's national lockdown can dent GDP by 2%: Report
Oil & Lubes
• Reliance, other energy majors form hydrogen coalition
• 'Green hydrogen' forecast to cost less than natural gas by 2050
• RBI Guv calls for coordinated action to give tax relief on petroleum products
• OPINION: High fuel prices - Why advancing Ethanol blending deadline is a step in the right direction
Commercial Vehicle
• Self-driving truck startup TuSimple eyes over $8 billion valuation in U.S. IPO
• KTC reported breakdown of 373 buses in 2020-21
• MCG plans Rs 30,000 subsidy to drivers for e-rickshaw rollout
• Madhya Pradesh suspends bus operations with Chhattisgarh till April 15
• Nikola's fuel-cell development head exits, shares fall
Aftermarket
• Steelbird teams up with FIA for global road safety initiative
• Uber, Lyft tout U.S. ride-hail driver pay, incentives amid demand uptick
Auto Technology
• IIT-Guwahati researchers develop advanced technique to boost performance of lithium ion battery
Auto Finance
• Banks allowed priority sector lending to NBFCs for another 6 months
 
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