Morning Daily - 2021-04-10

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ETAuto Newsletter | Saturday, April 10, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• SsangYong court rehabilitation may begin early next week as CEO Yea quits
• SC verdict in Westinghouse Saxby: Impact on auto industry
• Fresh restrictions imposed in Maharashtra may impact festive season auto sales: Icra
• Can pre-packaged insolvency resolution under IBC be helpful for MSMEs?
• India's fuel consumption contracts 9.1% in FY21; first since 1998-99
• First India EV battery plant takes shape to cut China dependence
• Siemens ties up with Hinduja Group for EV charging infrastructure
• Hyundai expands key plant suspension on chip shortage
• India is sufficiently prepared for a second wave, no reason to panic, says Endurance Technologies' COO, Ramesh Gehaney
• Fitch Solutions sees RBI holding interest rates through FY22
• Mini-lockdown may affect microfinance institutions' collections: Crisil
• Some early Ford Mustang Mach-E owners suffer dead batteries
• Semiconductor shortage continues to roil global auto industry, fueling geopolitical tensions World Socialist Web Site
• Biden's budget proposal targets $600M for electric vehicles, $75M for PFAS The Detroit News
• How People With Autism Can Find Training And Jobs Forbes
• Are You Looking For Jobs On The Right Websites? Maybe Not Forbes
Passenger Vehicle
• Q4 car sales in Gujarat up by 16%
• Volkswagen loses A$125 mn fine appeal for emissions breach in Australia - regulator
• Preview: Alcazar adds to Hyundai's castle of SUVs
• Porsche can not rule out production cuts over chip shortage: Handelsblatt
• Kia Sonet 7-seater unveiled globally, may not arrive in India
Auto Components
• Chip shortage hits global manufacturing; electronics cos affected
• Copper futures drop on weak demand
• Reality check for copper bulls as Chinese demand growth slows
• Novelis to be a net-zero carbon emissions by 2050
• Italy vetoes takeover of semiconductor firm by Chinese company Shenzhen: sources
• Japan's Nidec announces $1.8 bln Serbia electric motor hub plan
• Copper climbs on supply concerns and lower dollar
• Biden faces key test on EV battery trade dispute
• China's CNGR to make nickel matte in Indonesia as battery demand grows
Industry
• Gujarat vehicle sales fall by 36% overall
• White House convening summit with top execs on chip shortage
• Road safety: Govts must act on war-footing basis, says Kerala HC
• Goa govt defers implementation of new Motor Vehicle Act
• FASTag has caused congestion: HC
• Finmin clears proposal for National Road Safety Board
• Automation will not have a massive impact on blue-collar jobs: industry leaders
• Centre approves Rs 1,210 cr highway projects in Uttarakhand
• China's auto sales surge 75% in March, 12th straight monthly gain
• India's retail inflation likely rose in March but stayed within target
Oil & Lubes
• Kuwait raises May crude oil official selling prices for Asia
• Saudi $7 trillion investment goal puts spotlight on oil prices
• Fuel pumps to stay shut in Rajasthan on Saturday
Commercial Vehicle
• Minus Zero tests autonomous three-wheeler in Jalandhar, working on self-driving car
• Electric trucks may soon challenge diesel if charging hurdle cleared, study shows
Aftermarket
• China's Didi Chuxing picks Goldman, Morgan Stanley for mega US IPO
• Uber, Lyft use rides to vaccines to get drivers, customers back on the platform
• Uber pledges free rides worth Rs 2 crore to state for supporting vaccination of eligible citizens
 
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