Morning Daily - 2021-05-18

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ETAuto Newsletter | Tuesday, May 18, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• Rural transport vehicle is to be launched abroad in FY23; price to range from USD 3,500 to USD 4,500: Escorts CFO
• Toru Saito is President & CEO Of Mitsubishi Mahindra Agricultural Machinery
• Elon Musk loses world's second-richest ranking as Tesla dips
• WPI inflation hits double digits in April at 10.49%; crude prices harden
• Chip supply could remain tight until 2022: Bosch CEO
• Apollo Tyres gets NABL accreditation for outdoor regulatory testing
• EV game-changer? Aluminium-based battery can triple the range, charge 70 times faster
• TVS NTORQ crosses 1 lakh sales mark in international markets
• MSME body wants FM to extend GST deadlines
• Are oil marketing companies shifting to alternate day fuel price revision mechanism?
• California places Tesla's 'Full Self-Driving' under review
• Foxconn the carmaker? Disruption in the era of electric vehicles Ft.com
• 2 Electric Vehicle Stocks that Plunged More than 7% Last Week Entrepreneur
• Why Millions Of Employees Plan To Switch Jobs Post-COVID Forbes
• Council Post: From Seeking Out To Becoming Sought After: Three Trends To Help You Fast-Track Your Career Forbes
Passenger Vehicle
• Tesla's Musk blames bureaucracy for German gigafactory delays
• Musk denies Tesla sold Bitcoins as cryptocurrency takes plunge
• BMW 2 Series Coupe reaches final stage of testing
• Stellantis and Foxconn to announce strategic partnership on Tuesday
Two Wheelers
• TVS NTORQ 125 global sales exceed one lakh
• MoEVing partners Hero Electric to accelerate affordable EV adoption
• COVID-19 impact: Honda Motorcycle and Scooter India extends warranty, free service till July 31
Auto Components
• SK Hynix seeks talks to buy Korea-based chip contract manufacturer: Media
• Taiwan's TSMC to work in separate teams to minimise COVID-19 risk
• China's Ganfeng Lithium considers Argentine battery plant
• Copper futures rise on spot demand
• Is copper the new gold? After 11% drop from peak price, some see 40% upside
• Human error and shaky grid spark new global-chip supply concerns
Tyres
• TVS Srichakra launches Milan-designed scooter tyres in Europe
Industry
• Coronavirus second wave hit aggregate demand more than supply, says RBI bulletin
• Not rural, urban markets could support the recovery curve this time, says Crisil's Hetal Gandhi
• Resurgence of COVID infections to put brakes on cos' earnings recovery: Moody's
• Moglix joins unicorn club with USD 120 million fundraise
• LG Group to spend over $100M for advanced AI tech development
• Chinese automaker Changan aims to list EV unit on STAR Market -sources
• RBI not in favour of fresh insolvency freeze
Oil & Lubes
• India loses ONGC Videsh discovered Farzad-B gas field in Iran
• Crude oil may continue to move sideways amid lack of clear cues
• Fuel demand 15-20% lower till date, says IOC chairman
• Petrol, diesel prices rise again on Sunday
Commercial Vehicle
• Ashok Leyland lines up initiatives for employees amid pandemic
Aftermarket
• U.S. Supreme Court rejects Uber bid to avoid driver pay lawsuit
• Gojek, Tokopedia merge in Indonesia's biggest deal
 
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