Morning Daily - 2021-04-29

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ETAuto Newsletter | Thursday, April 29, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• Maruti Suzuki to shutdown all factories for 9 days to divert oxygen for medical supplies
• Great Wall explores rebooting India entry plans, may adopt top down strategy
• Transport ministry proposes 'IN' series registration number for personal vehicles
• Automotive Bearings in India: How is it shaping?
• Scrappage offtake to skid on limited incentive and poor cost economics for trucks
• Niti Aayog suggests govt to provide incentives on EV purchase apart from subsidy under FAME-II
• Hero MotoCorp launches Harley's Pan America 1250 for INR 16.9 lakh
• Harley-Davidson Pan America 1250 launched in India at Rs 16.90 lakh
• Audio Interview: The Mexican Automotive Industry - What You Need to Know
• Restructure retail & individual loan accounts, liquidity support: FIDC to RBI
• Toyota to invest $803 million, 1,400 new jobs in Indiana
• India's second Covid-19 wave may impede economic recovery: S&P
• RattanIndia Enterprises Ltd forays into Electric Vehicle space
• BMW finally buckles under the strain of global chip shortage Automotive News
• How To Job Hunt While Still Employed Forbes
• 13 Signs You're Selling Yourself Short In Your Career Forbes
Passenger Vehicle
• Silk-FAW appoints former Ferrari CEO Felisa as special adviser
• New Coat of Paint: Decoding Kia's new brand identity
• Hyundai Motor India announces Rs 20 crore COVID-19 relief package
• U.S. auto suppliers oppose setting gas-powered phase-out date
• Honda to suspend three Japanese plants in May due to chip shortage
• Buffett-backed EV maker BYD's profit more than doubles
• UK government green lights 'self-driving' cars on motorways
• Able to sell whatever we produce, says Maruti chief
Two Wheelers
• RattanIndia acquires substantial stake in EV 2-wheeler firm Revolt Intellicorp for Rs 150 cr
Auto Components
• German car interiors maker Novem targets summer IPO: Sources
• Loss-making Tianqi Lithium flags Q2 turnaround
• Veoneer losses narrow less than forecast as chip shortage weighs
• Taiwan chipmaker UMC to spend $3.6 bln to expand capacity
• Renesas sees 17 bln yen sales revenue loss in Q2 due to fire
• Auto parts maker Dana tops profit on light-truck, commercial vehicle demand
• Can the Rhine's white gold power Germany's green e-car race?
• LG Chem posts record Q1 profit on strong chemical material demand
• Brazil's Vale eyes EV market as mulls base metals spinoff
Industry
• Rupee surges by 24 paise to 1-week high on US rate cut hopes
• Can't pay 28 days' salary to Covid absentees: MSMEs
• Ethereum jumps to record high on report of EIB digital bond issuance
• Plea against AAP govt's vehicle scrapping guidelines: HC seeks Centre, Delhi Govt stand
Oil & Lubes
• Crude oil extends gains as demand outlook offsets India concerns
• Crude oil falls amid India crisis, US stocks build
• Oil rises as OPEC+ seen sticking to policy despite India Covid surge
Commercial Vehicle
• CNH to add defence business to spin-off plan: source
• DTC deploys buses to carry oxygen cylinders to hospitals in national capital
Aftermarket
• Uber app in U.S. to enable users to book vaccines and rental cars
• Vogo rolls out 4-day work week on every third week of the month
 
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