Morning Daily - 2021-05-01

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ETAuto Newsletter | Saturday, May 1, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• M&M to raise its stake in Meru cabs from 43% to 100%
• Motherson Sumi restructuring gets shareholders' nod
• Outstanding auto loans hit new high in FY21
• Government allows vehicle owners to nominate successor, transfer to be hassle free
• Maruti Suzuki service centre Rajrup Motor Junction sealed for violating COVID protocols; officials arrested
• Kia India launches refreshed editions of Seltos & Sonet
• JCB India halts production for 10 days
• Maruti introduces new version of RPAS System in Super Carry Variants
• OPINION: Battery swapping model set to disrupt the e-mobility market in India
• GM CEO Barra's pay rose to $23.7 million in 2020
• Korean hydrogen vehicles supply highest in the world
• Goodyear Tire tops revenue estimates on replacement tire demand
• Ride-hailing giant Gojek to shift to electric vehicles by 2030
• Electric car market outpaces global auto downturn in 2020 Newseu.cgtn.com
• Do We Have To Be Hybrid Workers To Do Hybrid Work? Forbes
• Flattening The Unemployment Curve And Redefining The Future Of Work Forbes
Passenger Vehicle
• On top of zero-emission vehicles, GM looks to clean up its own operations
• GM spending on Mexico electric vehicle plant angers US union
• Volkswagen ID.4 GTX, the electric flagship, breaks cover
• Volkswagen to design chips for autonomous vehicles, says CEO
• Vietnam's answer to Tesla bets big on the US market
• Carper urges tough US rules barring gas-powered cars by 2035
• Abandoned Renault workers press strike over foundry sale
• U.S. SEC probes VW 'Voltswagen' marketing stunt: source
• GM to invest $1 bln in Mexico to build electric vehicles
Auto Components
• Palladium tops $3,000 for first time amid undersupply
• Intel seeks 8 bln euros in subsidies for European chip plant: Report
• Exide Industries Q4 results: PAT rises 36% to Rs 320 cr
• BE Semiconductor plans US, Taiwan expansion as chip demand soars
• Global chip drought hits Apple, BMW, Ford as crisis worsens
Industry
• US labor chief supports employee status for gig workers
• Mahindra Logistics Q4 results: Net profit rises 20% to Rs 12 cr
• Forex reserves rise USD 1.701 bn to USD 584.107 bn
• Gold demand rises 37% to 140 tonne in Jan-March 2021
• Core sectors' output up 6.8 pc in March due to base effect; contracts 7 pc in 2020-21
• Retail inflation for industrial workers rises to 5.64 pc in Mar
• Assocham MSME chairman urges Centre to relax norms in view of second wave
• MSME body drags centre to court over tax deadlines amid Covid surge
Oil & Lubes
• Oil prices to drift higher despite India demand hiccup: Reuters poll
• View: Sorry, Aramco. Reliance just isn't that into you
Commercial Vehicle
• Fiat debuts E-Ducato, developed by Professional
Auto Technology
• MIT team builds 4-wheeler, wins big in online national engg meet
 
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