Morning Daily - 2021-05-17

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ETAuto Newsletter | Monday, May 17, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• Hero MotoCorp all set to enter electric segment next year
• Tractor sales to be hit as second Covid wave impacting rural areas: Escorts
• SKF India Q4 net profit up 39% at INR 104.87 crore
• Crisil finds little traction in auto scrappage policy
• Citroen C3 tips 4.5 million sales globally, may arrive in India soon
• Truckers demand relief measures as losses mount to Rs 42,000 cr due to lockdowns
• EV startup Simple Energy to launch flagship e-scooter on Aug 15
• Economic recovery losing steam, GDP growth may be below 9% in FY22 due to 2nd COVID wave: Survey
• Finance minister Nirmala Sitharaman to hold GST Council meeting on May 28
• Global economic demand is back. Supply is the problem.
• Platinum set for third year of deficit as industry demand surges, WPIC says
• Samsung partners with Hyundai Motors to develop semiconductors for cars Gizmochina.com
• 5 things to know about the future of electric vehicles World Economic Forum
• Why Millions Of Employees Plan To Switch Jobs Post-COVID Forbes
• Anticipation Of 1 Million New Jobs Dashed, As Only 266,000 Were Added In April Forbes
Passenger Vehicle
• Crash victim had posted videos riding in Tesla on Autopilot
• Mercedes-Benz EQS production under way at Factory 56
• Elon Musk's Bitcoin turnaround pleases some Tesla investors
• Renault's Alpine drive in limited-edition 2021 A110 Legende GT
• Hyundai extends free service, warranty period amid COVID-19 second wave
Two Wheelers
• Okinawa MD says yoga was 'a life changing experience' in the lockdown; added indoor plants to his home office
Industry
• India's once-in-a-century budget runs into trouble as virus strikes back
• FPIs net sellers of Indian equities worth Rs 6,427 cr in May so far
• Gold import jumps to $6.3 billion in April
• Metals & inflation to decide where does Dalal Street go from here
• Why does Bitcoin consume 'insane' energy?
• Hero MotoCorp to set up 100-bed COVID centre in Gurugram
• India Covid crisis hits work at its biggest ports as risk to trade grows
• GST applicable on credit card expenses incurred by employees of MNCs' India arms, rules AAR
• Elon Musk wants a greener bitcoin. Has he got a plan or a pipedream?
• Bitcoin tumbles below $45,000 after 3 months after Elon Musk implies Tesla may sell crypto
• FPIs in exit mode, pull out USD 2.65-bn in May on high oil price
• European climate group says EU needs far tougher van CO2 targets
Oil & Lubes
• Petrol, diesel price hiked again; petrol price nears Rs 99 in Mumbai
• Breather to consumers as OMCs pause fuel price rise
• Fuel prices touch record highs, diesel crosses Rs 90-mark
• Crude oil dips as Covid restrictions in Asia fuel demand concerns
• Petrol prices rise again, over Rs 99/litre in Jaipur
Commercial Vehicle
• Truck rentals drop by 5-7% in past fortnight as lockdowns hit production
 
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