Morning Daily - 2021-05-11

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ETAuto Newsletter | Tuesday, May 11, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• Total vehicle registrations fall 28% MoM in April
• Yamaha to suspend plant operations for 2 weeks from May 15
• EV space sees top-level hiring to keep pace with technology advancements
• Sona Comstar gets Sebi's go ahead to float Rs 6,000-cr IPO
• Petrol price at record high, crosses 100 per litre in Maharashtra; diesel price hiked by 33 paise per litre
• ISUZU India launches BSVI-compliant V-Cross variants, and mu-X models
• Electric vehicles will be cheaper than combustion by 2027: Study
• Economic activity down in April, May but shock less severe than 2020: Fitch
• Non-automotive engine business will continue to grow: Greaves Cotton MD
• Rising input costs may deflate tyre cos' near-term prospects
• Ola Foundation to provide oxygen concentrators on Ola App for free
• Chip shortage in focus as Japan automakers ready to report profit drop
• Big tech seeks spoils of new energy vehicle sector China.org.cn
• Why The Weak Jobs Report Is Bullish For The Stock Market Forbes
• Were The Market Reversals On The Jobs Data Significant ? Forbes
Passenger Vehicle
• Porsche Macan electric testing under way, launch in 2023
• Investors chide Toyota's Toyoda for questioning combustion car ban
• U.S. opens safety probe into 1.1 million Honda Accord vehicles
• Ford recalls 661,000 Explorer SUVs in North America
Auto Components
• Nio Lidar supplier Innovusion raises $64 million in funding
• Brembo posts strong Q1 on robust recovery across markets
• Shortages, low stocks risk copper spiking to new records
• Steel Strips Wheels wins orders worth Rs 54 cr from US, Europe
• Lead and zinc miss out on the supercycle party: Andy Home
• China iron ore, steel prices hit record as supply worries prompt speculative buying
Industry
• Exports, better balance sheets to help firms tide over second wave impact: Report
• India's exports surge 80% to $7 billion during May 1-7
• Daimler's arm DICV plans to provide free vaccine to truck drivers
• NHAI has issued 9,800 free FASTags for under exemption category
• Factories in TN get ready for lockdown, some have trimmed production already
• Don't be fooled by stock indices, Covid shakeup is happening all over
• Honda India Foundation to work with five States in the fight against COVID-19
• India and the elusive demographic dividend
Oil & Lubes
• Reliance, affiliates buy 3/4 of KG-D6 gas volumes
• Oil rises 1% after cyber attack forces closure of U.S. fuel 'jugular' pipeline
Commercial Vehicle
• Workhorse shares skid as electric truck maker cuts production target
• Gujarat: 101 BS-VI compliant buses flagged off by CM
• Self-driving truck startup Plus to go public through $3.3 billion SPAC deal
Aftermarket
• Italy's Generali jumps on e-scooter growth with Ridemovi stake
Auto Technology
• Mercedes-Benz Concept EQT electric van showcased
• Toyota-backed self-driving car Pony.ai partners with Luminar
 
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