Morning Daily - 2021-05-27

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ETAuto Newsletter | Thursday, May 27, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• NEI aims to de-risk biz from auto sector; plans INR 160-cr capex for FY22
• Lithium Urban Technologies acquires SaaS platform SmartCommute
• Electric 2-wheelers to account for 8-10% of new sales by 2025; 3-wheelers to contribute 30%: ICRA
• Renault-Nissan to shut south India plant until May 30
• Royal Enfield to shut manufacturing plants for three days
• Vehicle financers face risk with falling fleet utilisation: Ind-Ra
• Inflation back to haunt on higher input prices, rural economy disruptions: Crisil
• India may emerge second-fastest growing economy after China in Q4
• Tesla announces new data centre in China
• EV startups face an unprecedented challenge: chip shortage Greater Milwaukee Today
• Ford: Electric vehicles to be 40% of global sales by 2030
• JLR, Google link for sensors in I-Pace to map streets and measure air quality
• VW says Lamborghini is not for sale after reported $9.2 bln bid
• Ford's pitch to Wall Street: More aggressive EV push, new commercial vehicle business The Detroit News
• Five Key Steps For Finding A Job In Disruptive Times Forbes
• How To Attract The Attention Of Recruiters As We Head Into The 'Great Resignation' And People Look To Switch Jobs Forbes
Passenger Vehicle
• German police investigate possible arson at Tesla site
• BMW unveils M4 Competition Convertible with M xDrive globally
• VinFast adds banks to advise on U.S. listing, but plan faces delay: sources
• 34,964 units to be exported between May-Oct: Renault Nissan Automotive
• Second-hand car group Aramis prepares for Paris market debut
• Tesla doubles down on camera-based Autopilot amid growing scrutiny
• Kia India introduces an industry-first 'Satisfaction Guarantee Scheme' for the Carnival
• BMW, VW to face lowered EU fines over emissions collusion -source
• 2021 BMW M4 Competition breaks cover in soft top avatar
• China's EV maker Li Auto expects monthly sales to reach 10,000 cars in Sept
• Mitsubishi to launch Eclipse Cross PHEV model in New Zealand, Australia
• Nissan in talks over UK electric car battery factory: Report
Two Wheelers
• Piaggio One electric scooter debuts on TikTok
Auto Components
• Biden's EV metals import plan unlikely to match climate goals: executives
• E-drive train production for BMW iX and BMW i4 models underway in Dingolfing
• Russia's Nornickel hires new production chief
• Japan wants TSMC, Sony to build 20 nanometre chip plant: Nikkan Kogyo
Industry
• Strong pipeline for small biz IPOs; BSE SME to see over 60 listing in one year
• EV charger maker Tritium to go public in $1.2 billion SPAC deal
• NHAI issues guidelines for toll plazas to reduce waiting time
• MSMEs feeling brunt of Covid pain, need focused stimulus: Vineet Agarwal, ASSOCHAM
• Tamil Nadu Chief Minister opens vaccine centre at DICV Oragadam
• FarEye raises $100 million from TCV, Dragoneer, others
• Visaka Industries forays into EV segment
• Convert 300 million on-road vehicles to run on clean fuels for tangible air quality impact
• Key events in arrest, flight of ex-Nissan boss Carlos Ghosn
• TN MSMEs appeal to govt for support to overcome crisis
• Seven in 10 young employees believe employers should offer four-day work week: Survey
• Exports hit $51 billion in first 7 weeks of current fiscal
• FY'22 GST compensation shortfall estimated at Rs 2.69 lakh crore
Oil & Lubes
• Court orders Royal Dutch Shell to cut net emissions by 45%
• Fuel price rise paused a day after reaching new highs
Commercial Vehicle
• Escorts offers insurance cover to customers for COVID treatment
Aftermarket
• Amazon Flex, Bolt and Ola criticised for failing to ensure minimum wage
Auto Technology
• Tesla loses US designation for some advanced safety features
 
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