Morning Daily - 2021-05-26

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ETAuto Newsletter | Wednesday, May 26, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• Covid fears paralyse global carmakers in India's Detroit
• ZF Wabco plans new plant near Chennai
• India's GDP to grow at 1.3 pc in Mar quarter: SBI report
• TN govt supervision needed at Renault Nissan plant: Madras HC
• Audio Interview: Favorable Dynamics are Driving a Healthy US Aftermarket
• Mercedes-Benz debuts new GLA SUVs in India; price starts at INR 42.10 lakh
• Triumph drives in new Bonneville Bobber in India priced at Rs 11.75 lakh
• Close factories or treat us as frontline Covidwarriors: Auto workers demand
• Karnataka decision on reopening of industries soon
• Rough ride: Cab rental companies downsize fleets, turn to other businesses
• US chip funding could result in seven to 10 new factories: Officials
• Tesla sets up China site to store data locally
• Auto chip supply crunch worsens, probably to last till 2022 Globaltimes.cn
• Nissan, Suzuki and Mitsubishi to halt car production due to chip shortage Entrepreneur
• The Unintended Consequences Of The Hybrid-Work Model Forbes
• Seven Things To Never Ask About During A Job Interview Forbes
Passenger Vehicle
• BMW Group India pledges Rs 8 cr for COVID relief
• Ford follows GM, VW with two new dedicated EV platforms by 2025 -sources
• VW's SEAT hopes to make up for lost time as manages chip shortage
• Maharashtra: As petrol price soars electric vehicles gain ground
• Lordstown Motors says 2021 production will be half of expectations
Auto Components
• Copper futures fall on weak demand
• Biden looks abroad for electric vehicle metals, in blow to U.S. miners
• Rusal carbon split heralds bigger aluminium market rupture: Andy Home
• No commodities 'super-cycle' but copper demand from green economy bright
Industry
• In Paradise and beyond, wage hikes lag global recovery
• Non-commercial vehicles' output falls 21 pc m-o-m in Apr: Report
• Renault Nissan worker-management dispute to go for arbitration
• BMW Group India pledges INR 8 crore for medical services of COVID-19 patients
• Inflation target below 6% may cost growth: RBI study
• Icra pegs Q4 GDP growth 2%; FY21 at 8.45%
• Bajaj Auto's policies aim at all-round support for their employees and community
• Bosch India's efforts to support employees, society amid COVID-19
• HC cuts accident relief from Rs 8L to Rs 50,000
• Sonalika Tractors setting up oxygen plant at St Stephen's Hospital
• GM now says it will support union at new battery factories
• Yulu, aided by Puma, plans free oxygen concentrator supply to COVID-19 patients
• Barclays cuts India's FY22 GDP estimate to 9.2% on second wave, slow pace of vaccinations
• Musk jolts Bitcoin higher with push to burnish miners' image
• MSMEs need to embrace tech to enhance global competitiveness: Sarangi
• Record FDI shows confidence of international investors in Indian economy: Nilesh Shah
• India plans stimulus package for sectors worst affected by second wave
Oil & Lubes
• BPCL may sell some stake in IGL, Petronet to shed promoter status
• Petrol hits record Rs 99.71/litre in Mumbai after another fuel price hike
• Oil steady with investors focusing on possible return of Iranian supply
Commercial Vehicle
• Altigreen gets investment from House of Anita Dongre for EV solutions development
 
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