Morning Daily - 2021-05-20

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ETAuto Newsletter | Thursday, May 20, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• Auto MSMEs face hard times for want of cash inflow, orders and labour
• Royal Enfield issues a recall for 2.37 lakh motorcycles
• Chip crisis in 'Danger Zone' as wait times reach new record
• S&P revises outlook on Tata Motors to stable on improving underlying demand
• April headline numbers deceptive; economy in trough as consumer sentiment already hit: Report
• Ola appoints Rakesh Bhardwaj as Group CIO
• BorgWarner to supply 'e-Turbo' to European OEM for high voltage hybrid car
• All new roads to have Advanced Traffic Management System
• Ford's big bet: Fans of F-150 pickup will embrace electric
• Electric-vehicle maker Arrival partners with digital mapping company Here
• Ford Motor, SK Innovation to announce EV battery joint venture
• Stellantis hiring in Metro Detroit, while the Jeep maker and Ford idle plants needing chips The Detroit News
• In Covid era, why camper vans sale soaring globally
• Where is auto tech driving insurance? PropertyCasualty360
• 'Follow Your Passion' Is The Worst Career Advice - Here's Why Forbes
• 10 Hot, Fast-Growing Jobs For The Future Post-Pandemic World Forbes
Passenger Vehicle
• Hyundai offers INR 10-cr relief package to TN to fight COVID-19
• Audi India extends warranty, service period till June 30
• Hyundai Motor's EV plan at risk of losing impetus
• Travel bubbles to stay in the Covid-era, more people buy leisure motorhomes & caravans for trips
Auto Components
• In-depth: Is $1 billion cash enough to attract chip makers to set up fab unit in India?
• Merkel bemoans lack of EU expertise in chips, batteries
• Japan to boost spending to promote local chip production: Nikkei
• Glencore to restart operations at Mutanda copper, cobalt mine in 2022
• Minda Corp Q4 results: Auto components maker posts profit of Rs 13 cr
Tyres
• Bridgestone takes steps for psychological wellbeing of employees
• Pirelli launches world's first FSC-certified tyres for BMW's hybrid model
• CEAT Tyres extends warranty on all tyres by 3 months
• JK Tyre posts Rs 194 cr PAT for Jan-Mar
Industry
• Nikkei falls over 1% at close; Japan shares end lower as pandemic curbs hit risk appetite
• Four-fifths of income losses during 1st wave incurred by private sector: Report
• Tata Motors and Tata Power install high-speed EV Charging Stations in Bhubaneshwar and Cuttack
• Bitcoin slides below $40,000, ether tumbles
• E-way bill integrated with FasTag, RFID; GST officers to get real-time data of commercial vehicles
• Remembering the visionary, industrialist, mentor and an exceptional human being Siddharth Shriram
• CBIC informs trade about enhancement of facilities under Import of goods at concession rate
• TAFE donates Rs 1 crore to TN govt for procurement of oxygen cylinders
Oil & Lubes
• Alternate day fuel price revision rolls on, pause after hike a day ago
• Oil and gas companies most committed to radical reinvention amid Covid: Accenture report
Commercial Vehicle
• Tata Motors extends warranty, free service for CVs by a month
• Etrio expands dealer network to create national footprint for Touro electric 3W
Automotive
• Sonalika Group offers financial assistance to its dealers' staff affected by COVID-19
 
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