Morning Daily - 2021-05-12

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ETAuto Newsletter | Wednesday, May 12, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• M&M is setting up a new plant for farm equipment in Pithampur: Hemant Sikka
• Tata Motors reviewing CCI order on probe against commercial vehicle business
• Opinion: How COVID will change the transportation preferences of Indian commuters
• M&M's sales volume may be lower by 20% in June quarter
• Harley-Davidson launches all-electric motorcycle brand 'LiveWire'
• Marelli forms JV with PUNCH Motive to produce e-axles at new facility in France
• Nomura cuts India's FY22 growth estimate to 10.8% due to lockdowns
• Auto demand still strong at the fundamental level: TV Narendran, CEO & MD, Tata Steel
• Govt ready for another cut in import duty on steel to tame prices
• Moody's cuts India's growth forecast to 9.3%, risks of longer-term economic recovery scarring
• Daimler CEO: 'We need an honest conversation" about EVs and jobs
• Tesla Joins the Top 5 Most Attractive Employers in Germany TESMANIAN
• Decoding Global Reskilling and Career Paths BCG Global
• Why Tiny Microchips Are Crippling The Global Auto Industry And Driving Up Prices Cnbcafrica.com
• A Record-Setting 8.1 Million New Jobs Were Added In April-But Why Can't Companies Find Workers? Forbes
• How To Tap Into The Hidden Job Market By Pivoting Your Search From Traditional To Social Forbes
Passenger Vehicle
• Biden to visit Ford EV facility in Michigan next Tuesday
• Hyundai undertakes six-day maintenance shutdown at manufacturing plant
• Renault, Nissan looking for more savings on batteries: De Meo
• Electric 3-wheeled car factory, jobs coming to Mesa, Arizona
• Automated steering 'not available' on Texas road where Tesla crashed -NTSB
• Nissan posts record annual loss due to pandemic, chip shortage
• Gordon Murray Group to develop electric vans, SUVs for carmakers, startups
• Tesla puts brake on Shanghai land buy as U.S.-China tensions weigh: Sources
Two Wheelers
• TVS to launch British brand Norton in India
Auto Components
• FCC studying impact on chips shortage on U.S. communications sector
• China Hongqiao to start recycled aluminium production at year-end
• Rubber approaches 52-week peak amid Kerala lockdown; analysts see 6% upside in a month
• Tech giants join call for funding U.S. chip production
• Australia's Pilbara Minerals keen to make low-carbon lithium salts
• US Commerce chief planning meeting on chip shortage
Industry
• Piaggio India opens 100 dealerships in 100 days
• IPL ads, Dogecoin frenzy may have triggered 'informal' curbs on crypto exchanges
• FIIs raise bearish bets on index futures to 6-month high
• HC dismisses plea to suspend red-light violation cameras; imposes costs
• Government identifies 2,400 to tide over fatigue of oxygen tanker drivers
• HMIF to supply oxygen, med equipment to COVID-19-hit states
• Embassy JV sells warehouse business to Blackstone for Rs 5,000cr
• Covid Impact: Logistics sector witnesses an upsurge in hiring of the frontline workers
• Rupee gets defiant, may put RBI in a tight spot: SBI Research
Oil & Lubes
• Indian oil refiners cut output, imports as pandemic hits demand
• Fuel price jumps twice in one week, adds to Covid pressure
• India's oil demand spared 2020 collapse despite Covid crisis
• Fuel prices rise again, petrol to touch Rs 100 in Mumbai soon
Aftermarket
• Gig-economy riders in Spain must become staff within 90 days under new rule
• Chinese startup Full Truck Alliance to launch $1.5 bln IPO -source
 
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