Morning Daily - 2021-05-05

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ETAuto Newsletter | Wednesday, May 5, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• Auto Industry Output Likely to Hit a 9-Month Low in May as the Second Wave of Virus intensifies
• Plaguing CV demand hit again; truck rentals dip by 18%-27% in April
• India's top carmaker Maruti Suzuki slices production as lockdowns hit sales
• Goldman Sachs lowers India growth forecast for FY22 to 11.1%
• Greaves Cotton Q4 net profit jumps to INR 14 crore driven by new businesses
• Vehicle location tracking devices mandatory for oxygen containers: MoRTH
• Infineon warns of chip supply issues until 2022
• Hyundai recalls over 390K vehicles for possible engine fires
• Nissan sells its Daimler stake, following Renault
• Stellantis to hit emissions target without Tesla's help, says CEO
• As Cars Go Electric, China Builds a Big Lead in Factories Nytimes.com
• Bust, boom, upheaval: the green car revolution is on the horizon Reaction
• Job Satisfaction Stays High Despite Pandemic, Economic Crisis Forbes
• 33 Powerful Coaching Questions To Get Unstuck And Take Action In Your Career Forbes
Passenger Vehicle
• Ferrari Q1 profits rebound, postpones 2022 targets
• Vietnam's VinFast reports customer to police after 'untrue' YouTube complaints
• Tesla told to provide documents involving Musk compensation
• Hyundai Motor to debut luxury Genesis brand in Europe this summer
• Hyundai Motor's domestic and overseas sales 'explosion'; 106 per cent surge last month
Two Wheelers
• Wayne Burgess to head Ola Electric vehicle design
• Emerged as country's leading motorcycle manufacturer in April: Bajaj Auto
Auto Components
• Steel makers hike prices of HRC, CRC by up to Rs 4,500 per tonne
• Cummins raises 2021 revenue target on strong vehicle demand
• DuPont raises 2021 forecast on robust demand from chip, auto makers
Tyres
• Nokian Tyres' shares up after profit and sales beat forecasts
Industry
• COVID second wave to hit Q1 growth: Report
• Inflation not a big risk for next few months: Kaushik Das
• Mahindra Logistics launches Oxygen on Wheels; connects producers with hospitals
• April auto sales show impact of lockdowns: Report
• 'Speculative excess': ethereum finds new peak in sizzling crypto market
• Bajaj Group pledges additional support of Rs 200cr for COVID-19 relief steps
• Uber, Lyft have a California playbook to fight proposed U.S. rules on workers
• In Mexico autos town, labor rights falter despite U.S. trade deal
Oil & Lubes
• View: Crude oil to move sideways with strong support near Rs 4,520
• Petrol price up 15 paise, diesel 18 paise after over two-week hiatus
• Saudi Arabia expected to cut June crude prices for Asia - survey
• Petrol, diesel prices rise again after 18 days of no change
Commercial Vehicle
• Maha govt deploys 50 Trax ambulances in Nanded
Aftermarket
• Low depreciation, higher rates give U.S. car rental firms rare perfect script
• Driver shortage, looming regulation cloud Uber, Lyft recovery
Auto Technology
• UK's Arrival, Uber to develop electric ride-hailing 'Arrival Car'
 
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