Morning Daily - 2021-04-23

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ETAuto Newsletter | Friday, April 23, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• A Tribute To Chanchal Pal Chauhan
• 2Ws worst impacted, tough Q1 ahead if crisis persists: Auto dealers
• Toyota Kirloskar Motor's 2 plants at Bidadi to undergo annual maintenance during Apr 26-May 14
• After a 5-year growth run, electric vehicle sales decline 20% in FY2021
• Transporters suffer Rs 1k cr a day losses due to fresh restrictions, lockdowns
• Ola Electric to set up 100,000 strong network of EV chargers
• Motherson Sumi to spend Rs 2k cr in FY22, CFO sees no major supply woes
• Working closely with SIAM to enhance localisation in auto component sector: ACMA
• Chipmaker TSMC approves $2.8 bln for capacity expansion
• Tokyo Motor show cancelled due to pandemic
• Bosch sees growth in 2021, but warns on chips shortage
• Covid surge may delay recovery: Fitch
• Petrol, diesel price unchanged for a week
• Renault warns over car industry's worsening global chip shortage Ft.com
• Working At Home Or Back To The Office? Ask Your Boss. Forbes
• Showing Signs Of A Strengthening Job Market, Last Week's Unemployment Claims Fell To A Pandemic Low Point Forbes
Passenger Vehicle
• Skoda teases 4th-gen Fabia, premiere in May
• Renault revenue falls for fifth quarter in a row
• Volkswagen considers succession for board member Osterloh - Sources
• Jaguar Land Rover output at two UK plants hit by chips shortage
• 2021 Volkswagen Polo debuts with drive assist, Golf-inspired face
• Japan's car lobby says it can lead the drive for carbon neutrality
• Hyundai Q1 profit triples, to adjust May auto production due to chip shortage
• Huge global disparities in electric car ownership: Study
• Renault first-quarter sales close to 2020 level
• Nineteenth U.S. death tied to Takata air bag reported in S Carolina
• Tesla hits China speed bump with blowback over safety, service
Auto Components
• Copper futures slide amid muted demand
• Copper set for lifetime highs; EVs, renewables likely to be key drivers
• Supply woes push palladium to record high, gold up more than 1%
• Belgium's Umicore sees 2021 core profit topping expectations
• Bearings maker SKF Q1 profit in line with forecast, shares ease
• Copper slips as Chinese physical buyers shun high prices
• The long-term costs of shortcuts in the semiconductor crisis
Industry
• White House touts EVs, but not backing gasoline-powered phase-out date
• Covid lockdowns: How'll they play out for different sectors
• Sitharaman asks India Inc to wait and watch
• Exor proposes Mastercard's Ajay Banga as independent board member
• Lower oxygen supplies to temporarily impact 5 sectors: Crisil
Oil & Lubes
• Crude oil futures drop amid weak spot demand
• Chevron, Toyota announce alliance on hydrogen technology
• India committed to decarbonising economy as a responsible global citizen: Dharmendra Pradhan
Commercial Vehicle
• Exclusive: Electric car startup Canoo names new CEO, outlines push to make its own vehicles
• Stellantis launches Fiat e-Ducato, the group's first electric large van
• Volvo braces for semiconductor shortage as earnings rise
• AB Volvo profit blows past forecast, but chip woes beckon
Aftermarket
• Uber says 60,000 free rides utilised for vaccination drive
 
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