Morning Daily - 2021-05-08

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ETAuto Newsletter | Saturday, May 8, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• Covid-19 spread in rural India to hit auto, tractor sales
• Hero MotoCorp plans fixed charging, battery-swap ecosystem for EVs
• Tata Motors hikes cars prices by 1.8%
• Auto cos shut ops as lack of O2 hits parts supplies
• 'Self-sufficiency in chips manufacturing is critical for India'
• Closure Notice On Amara Raja Batteries Suspended
• Impact of Covid-19 second wave on economy to remain muted: Finance ministry report
• Consumer sentiment index falls 3.8% in April, sharpest drop since May 2020: CMIE
• Top union sets sights on works council at Tesla's German gigafactory
• India Inc faces June-quarter washout this year too
• Rental cars becoming scarce and expensive for US travelers
• Copper scales record high on industry and speculative buying
• The global chip shortage is starting to have major real-world consequences CNBC
• Electric vehicle market growth is a blessing for some metals - and not a big worry for oil MarketWatch
• Here's Why There Are Millions Of Job Openings, But Little Hiring Forbes
• Why The Weak Jobs Report Is Bullish For The Stock Market Forbes
Passenger Vehicle
• Renault rolls out Megane hatchback in plug-in hybrid avatar
• Toyota Camry just a hybrid luxury sedan? Meet 2022 race edition
• BMW confirms 2021 outlook, but sees volatility ahead
• Tesla tells regulator that full self-driving cars may not be achieved by year-end
Two Wheelers
• Ruchira Green Earth to invest Rs 200 crore over 3-4 years to set up plant in Haryana
• E-bike maker Revolt suspends fresh bookings amid high demand
Auto Components
• U.S. auto part makers brace for a bumpy ride as chip shortage to intensify
• Lear profit beats on strong automobile demand in China
• American Axle, Israel's REE to develop electric-vehicle propulsion system
• Chinese buyers must face up to higher copper cost reality as LME prices hit record
• The lithium gold rush: Inside the race to power electric vehicles
• Lithium producers grow bullish as EV revolution turbocharges demand
• JSW Steel inks pact with JFE Steel Corp to conduct feasibility study for proposed JV in India
• Henkel hikes outlook as demand for adhesives rebounds
• Siemens raises full year guidance after Q2 beats forecasts
• Bacanora shares surge after $264.5 mln takeover by Ganfeng Lithium
Industry
• Dogecoin mania reaches Indian crypto exchanges
• Cryptocurrency ether rises to new record high over $3,600
• U.S. lawmakers should prioritize automotive chip needs: industry
• SBI, EIB to invest up to 100 mn in Indian SMEs focused on climate change
• China's exports top forecasts, imports growth best in 10 years
• Wall Street giants get swept up by India's brutal Covid wave
• India's sovereign rating to remain at current level for next 2 years: S&P
• Opinion: IoT key to India's plans for secure, efficient COVID-19 vaccine delivery
• Let app-based taxis operate in state: Hotels body to govt
• Spain upbeat on finding replacement for departing Nissan, eyes battery plant
• Vehicle ownership transfer: You can now nominate someone to get your car in case of death
• Crisil says half of its rated mid-sized cos eligible for loan recast under new guidelines
• Govt should allow cryptocurrencies, says former finance secretary S C Garg
Oil & Lubes
• Crude oil rates edge higher as investors eye fuel demand recovery
• Petrol at Rs 102-mark in Rajasthan, Madhya Pradesh after 4th straight day of price hike
• India offers to lift regular Saudi oil volumes in June after May cuts: sources
• Rajasthan: Fuel demand crashes 70% due to restrictions, VAT mop up takes a hit
Commercial Vehicle
• Canada's Lion Electric says it will build new plant in Illinois, create 750 jobs
Aftermarket
• U.S. Labor Secretary's next move on gig workers likely to include company probes: Experts
• E-scooter sharing firm VOI pushes back profit target to fuel expansion
Automotive
• Tractor sales down in April, but experts and manufacturers expect a rebound
 
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