Morning Daily - 2021-05-04

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ETAuto Newsletter | Tuesday, May 4, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• Ashok Leyland plans to shutdown plants for up to 3 weeks in May
• Motherson Sumi Mexican arm acquires Bombardier's Electrical Wiring Systems
• M&M brings forward plant shutdown to May amid COVID-19
• Opinion: Is COVID-19 an opportunity for Indian EV industry for domestic and export growth?
• Mahindra & Mahindra looks to support SsangYong's EV business
• Volvo Car hikes prices by up to Rs 2 lakh to offset rising input costs
• Sonalika rolls out COVID-19 vaccination drive for employees
• Amara Raja Batteries receive closure notice from APPCB for two plants
• Barclays cuts FY22 GDP growth forecast to 10%; says local lockdowns to cost $38 billion till June
• TSMC says can catch up with auto chip demand by end June: CBS
• Intel CEO says chip shortage will persist for 'couple of years'
• Mobility sector set for 30-40% dip as Covid resurges
• How Tesla pivoted to avoid the global chip shortage that could last years Electrek
• What AI Founders Think About Human Jobs In And After The Pandemic Forbes
• Future Of Work: What The Post-Pandemic Workplace Holds For Remote Workers' Careers Forbes
Passenger Vehicle
• Silk-FAW to build sportscar plant in Italy's 'Motor Valley'
• 2022 Nissan Pathfinder breaks cover globally
• Ford cuts production at two German plants due to chip shortage
• Honda N7X SUV concept showcased, may arrive in India
• Tesla, under scrutiny in China, steps up engagement with regulators: Sources
Two Wheelers
• TVS Motor sells 238,983 units in April 2021
• Suzuki Motorcycle India reports sales of 77,849 units in April
• Bajaj Auto sells 1,34,471 units in domestic market in April
Auto Components
• Ford, BMW lead $130 million investing round in solid-state battery startup
• Indonesia's Antam Q1 nickel ore output up more than four-fold y/y
• Intel to invest $600 mln to expand chip, Mobileye R&D in Israel
• Indonesia, the puzzle of nickel's competing narratives
• South Korea captures 31 per cent of global EV battery market in Q1
• Livent results top expectations as lithium demand begins to rebound
Industry
• Factory orders, production rise at slowest rates in 8 months: IHS Markit
• NHAI was conceived as an organisation with only a core team to take decisions all other activities are outsourced: Chairman
• State-owned miner NMDC's output grows to 3.13 MT in April; sales jumps to 3.09 MT
• Impact of pandemic curbs: 40% transport vehicles off roads in Gujarat
• GDP growth projections tumble like ninepins as Covid gets deadlier
• How women representation in sales can play a role in business productivity
Oil & Lubes
• LNG cargoes diverted from India as COVID crisis dampens demand -sources
• OPEC's share of Indian oil imports plunges to 2 decade low: Trade sources
• Oil price edges up on U.S., Europe demand growth prospects
• Global oil prices slip as pandemic takes toll on India's fuel sales
Commercial Vehicle
• Cox Automotive signs service deal with U.S. commercial EV maker
Aftermarket
• HRAWI backs app-based taxi operators for Goa
• Germany's MeinAuto plans up to 515 mln euro Frankfurt IPO
• Delhivery helps import 1,000 oxygen concentrators, says more en route
Auto Technology
• Lidar maker AEye valuation slips to $1.5 billion on new SPAC merger terms
• Suzuki Misano 2-seater concept car breaks cover
• Welectric partners with MoEVing to accelerate adoption of electric vehicles
 
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