Morning Daily - 2021-05-06

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ETAuto Newsletter | Thursday, May 6, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• Ceat Ltd to make a fresh investment of Rs 1200 crore in truck and bus plant
• Demand for electric, sustainable mobility will grow: Greaves Cotton MD
• Europe Beats China as Largest EV Market; What Drives the Change?
• Competition regulator orders antitrust probe into Tata Motors' truck sales to some dealers
• Maruti Suzuki India production dips 7% in April
• S&P slashes India's GDP growth forecast to 9.8% for this fiscal
• MAHLE develops highly efficient magnet-free electric motor
• Commodities jump to highest since 2011 on rebound from coronavirus
• No pollution: What stops hydrogen-powered cars from booming
• Ford is betting that solid-state batteries will cut EV costs
• One year of BSVI: Look Back and Look Forward
• Stellantis says chip shortage worsening, could linger into 2022
• Palladium moves back above $3,000/oz, near record high Spglobal.com
• The Future Of Automotive And Mobility Forbes
• Fitch Affirms Ford and Ford Credit's IDRs at 'BB+'; Outlook Revised to Stable Fitchratings.com
• Economic Jitters Push Pandemic Job Seekers To Big Companies, Not Startups Forbes
• Job Satisfaction Stays High Despite Pandemic, Economic Crisis Forbes
Passenger Vehicle
• 2021 Skoda Fabia unveiled is bigger, better equipped
• India-bound Hyundai AX1 micro-SUV teased
• How low can you go? Volkswagen throws down the emissions gauntlet
• GM profit surges to $2.98B on sales of higher-margin trucks
• Carmaker Stellantis shrugs off Covid to lift sales in Q1
Two Wheelers
• Husqvarna rides in 'Replay' edition of Vitpilen 701, 701 Supermoto and 701 Enduro LR
• Yamaha E01 electric scooter takes shape, patent filed
Auto Components
• Brookfield's car battery maker Clarios confidentially files for U.S. IPO
• Solvay raises cash flow target as cost cuts bear fruit
• No longer dirty? EU leaders want to challenge perceptions of lithium mining
• BorgWarner raises full-year outlook after results beat
• US chip startups, long shunned in favor of internet bets, stir excitement again
• Copper hits 10-year high, eyes record levels on demand hopes
• Taiwan's Foxconn forms semiconductor JV with Yageo
• U.S. Commerce Dept. presses Taiwan for more chips to automakers
Tyres
• Ceat Q4 net profit jumps 196% to INR 153 crore
Industry
• Germany aims for net zero emissions by 2045, 5 years earlier
• Low-cost tunnel construction without compromising safety is essential: Gadkari
• Rupee declines by 6 paise to end at 73.91 vs dollar, halts 2-day winning run
• Rupee gains by 10 paise to end at 73.85, rises for second straight day
• RBI Governor Shaktikanta Das to make unscheduled speech today
• FADA Maharashtra raises Rs 10 lakh for fitment of GPS devices in 250 oxygen tankers
• Institutional investment in warehousing dips 44 per cent to $868 million in 2020: Report
• Hiring activity in India falls 15% in April amid rising COVID wave
• RBI announces slew of measures for MSMEs battered by Covid second wave
• US pressing Taiwanese firms on semiconductors, Commerce chief says
Oil & Lubes
• Oil nears $70 as easing Western lockdowns boost summer demand outlook
• Petroleum Minister flags off first supply of used cooking oil-based biodiesel
• Six reasons Asia's oil refiners aren't going away anytime soon
• Petrol and diesel see a sharp rise by 19 paise and 21 paise per litre respectively on second consecutive day
Commercial Vehicle
• CNH Industrial ups outlook after robust Q1, redesigns spin-off perimeter
Aftermarket
• Lyft sees sustained profit starting in third quarter on cost cuts, demand rebound
 
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