Morning Daily - 2021-05-14

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ETAuto Newsletter | Friday, May 14, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• TVS-owned Norton Motorcycle announces leadership changes
• As chip shortage goes on, cars are scarce and prices are up
• Tata Motors, Maruti Suzuki veteran dealer BL Passi dies
• Suzuki Motorcycle India appoints Satoshi Uchida as Company Head
• Michelin India head dies of COVID-19
• Bajaj Auto supports employees, community to fight COVID-19
• Lumax group sets aside Rs 250 cr for capex
• 1.1 million job losses in April due to lockdowns, unemployment rate jumps to 8%: CMIE
• Indian Standards for low-cost AC charging point for EVs within 2 months: Govt
• Tesla CEO Elon Musk halts use of bitcoin for car purchases
• Hyundai to invest $7.4 billion in US by 2025, with electric cars in focus
• New Ford models can get over-the-internet software updates
• Stellantis CEO says brands have 10 years to prove their worth The Detroit News
• China's auto industry braces for worsening chip shortfall Automotive News Europe
• Say Yes To The Big Jobs Forbes
• 9 Signs You're Not Taking Control Of Your Career Forbes
Passenger Vehicle
• Tesla's Musk reverses course on taking bitcoin, citing climate concerns
• Ford redesigning parts to use more accessible chips, weighing direct deals with chip foundries
• China Evergrande plans sale of $1.4 bln Evergrande Vehicle shares
• OPINION: Roadblocks for India's Electric Vehicles market
Auto Components
• Comm Min seeks anti-dumping duty on certain rubber imported from 4 countries
• Computer chips are the new toilet paper
• EAMPL, Beowulf Mining sign pact to set up JV in Finland
• Biggest lithium miner gears up to tap major lode from old cars
Tyres
• Apollo Tyres Q4 results: Net profit increases four-fold to Rs 289 cr
Industry
• Auto dealers seek govt, RBI support to tide over second wave of COVID-19
• Italy fines Google for excluding Enel e-car app from Android Auto
• MG Motor donates 200 beds to COVID-affected people with help of Credihealth
• View: Elon Musk conveniently ignored bitcoin's inconvenient truth
• View: The scars of the second wave will run deep but India must start its road to economic recovery now
• Forex reserves surged by $32.29 bn in six months: RBI
• NHAI road projects in Chennai hit by guest workers' reverse migration
• Fisker finalizes deal with Foxconn to make EVs in U.S. starting in 2023
Oil & Lubes
• ONGC removes marketing margin but refuses to lower gas price
• Crude oil falls further on India Covid-19 cases, US pipeline restart
• After three days of continuous hikes, fuel prices unchanged on Thursday
Commercial Vehicle
• BHP, Rio, Vale launch contest to cut haul truck emissions
Aftermarket
• Ola launches electric vehicle category for riders in London
• EV scooter startup Bird to go public in $2.3 bln blank-check deal
• Hero MotoCorp partners with ADLOID to launch AR showroom to offer digital buying experience
Auto Technology
• Nissan-backed self-driving startup WeRide raises new funds, puts value at $3.3 bln
 
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