Morning Daily - 2021-04-17

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ETAuto Newsletter | Saturday, April 17, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• GM India to lay off 1419 workmen at Talegaon plant, invokes sec 25 of the Industrial Dispute Act
• Honda Cars recalls 77,954 units of select models to replace faulty fuel pumps
• Automakers plan another round of price hike in Q2 to offset rising input cost
• Global semiconductor shortage could last till first half of FY22, hurt automobile industry
• Maruti Suzuki hike prices of select models by 1.6%
• Ashok Leyland delivers light bulletproof vehicles to Indian Air Force
• Rural prosperity drives Tractors ahead of Trucks in sales and revenues for the first time ever in FY-21
• Hyundai bags top position in passenger vehicle exports with 1,04,342 units in 2020-21
• ETAutoCast: The hows and whats of vehicle safety standsards in India
• Hyundai Motor Group names new chief for mobility division
• AEEE starts India's first green vehicle rating system
• Mahindra & Mahindra plants in Maha operating at lower manning levels
• TSMC books 19% first-quarter profit growth; says chip shortage likely last into 2022
• India to spend $200 million in next 5-7 years to promote hydrogen use
• Here's How To Succeed In Salary Negotiations When You Receive A Job Offer Forbes
• Jobs Confidence Jumps As Weekly Unemployment Claims Decline Forbes Advisor
• The best thing about the new electric Mercedes is not under the hood HBL
Passenger Vehicle
• Hyundai debuts Santa Cruz pickup truck
• Honda Cars recalls 77,954 units over faulty fuel pump
• GM, LG Energy Solution to build second U.S. battery plant in Tennessee
• EU car sales bounce back past 1 million in March
• Vingroup looks to establish second car plant in central Vietnam
• Nissan to furlough 800 workers at its Britain plant as chip shortage cuts production
• Musk drives Tesla Cybertruck at upcoming Gigafactory Texas
• Mercedes sales in China help accelerate Daimler profit
• Tesla, ex-engineer settle lawsuit over Autopilot source code
• Hyundai to again suspend key plant over chip shortage
• European new car sales jump 87% y/y in March- ACEA
• Stellantis electric cars will have up to 800 km range
• Safety groups, unions urge US to fix recalled gov't vehicles
Two Wheelers
• EeVe looks to tap USD 15 mn more funds; in talks with VCs
• Yamaha introduces e-bike for adrenaline junkies
• E-scooter maker Okinawa Autotech investing Rs 70 cr in components unit at Raj plant
• Hero MotoCorp launches chatbot services on social media platform
Auto Components
• If lockdown continues for long, we will rethink capex plan: SKF India MD
• Copper futures fall on weak demand
• Capgemini India collaborates with IIT Dhanbad to bring business innovations
• Stellantis supplier seeks court order to compel chip supply for Jeep plant
• Australia's lithium miners bank on brighter times ahead as prices soar
• China March aluminium output climbs to monthly record
• Samsung Introduces PixCell LED for Intelligent Headlight Systems to Enhance Road Safety
Industry
• ARK buys another $64 mn in Coinbase shares, sells $99.5 mn of Tesla shares
• Normal monsoon to usher growth, douse inflation
• 'Govt should regulate cryptocurrencies, not ban them'
• Forex reserves surge by $4.34 bn to $581.21 bn
• India has been exemplary in publishing foreign exchange market intervention: US report
• Transporters' body terms 16 paise cut in petrol, diesel rates 'ostentatious', seeks more reduction
• No e-way access if work on service road delayed: NHAI
• Confident of MSMEs' abilities; will battle second Covid wave with great resilience: Gadkari
Oil & Lubes
• Fuel delivery platform Fuel Buddy raises Rs 12.5 cr from investors
• Petrol, diesel price revision on hold again a day after cuts
Aftermarket
• Grab weighs secondary Singapore listing after SPAC merger in US
Auto Technology
• UK's Ocado invests in Oxbotica to develop autonomous deliveries
 
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