Morning Daily - 2021-05-28

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ETAuto Newsletter | Friday, May 28, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• ETAuto Original: The Car Retail Ranking Report 2021- Carmakers chart mega shift in retail strategy
• Hyundai aims to sell one million EVs per year by 2025
• Eicher Motors Q4 results: Consolidated PAT rises 73% YoY to Rs 526 cr; firm to pay Rs 17 dividend
• Auto factories in Tamil Nadu to begin full production from next week
• Karnataka tweaks EV policy, to offer 15% capital subsidy to investors
• Ford declares 'no production days' on May 28, 29 at Tamil Nadu plant
• Goodyear Tyre Q4 PAT jumps to INR 43 crore
• Autocomp sector set for a rebound after two tough fiscals: Crisil
• Maruti Suzuki to install two oxygen generation plants in J&K
• Mercedes-Benz to use green steel in vehicles in 2025
• Shradha Suri appointed chairperson and managing director of Subros
• RBI likely to downgrade GDP forecast for FY22
• Scania Growth Capital invests EUR 7.5 million in sensors for autonomous vehicles
• Pricol FY21 results: New biz, better cost control help automotive component maker turn the corner
• Workers at Ford's southern India plant seek halt amid COVID-19 surge
• Consumer Reports drops 'top pick' rating for Tesla Model 3
• GM Restarts Plants as Chip Shortage Eases Barrons.com
• How New Graduates Can Land Their First "Real" Job During Covid-19 Forbes
• The Problem With Job Interviews Forbes
Passenger Vehicle
• Rolls-Royce creates 'most refined picnic facility on Earth'
• Skoda Auto India extends warranty, maintenance services for vehicles till July 31
• GM restarting some plants hit by chips shortage
• As China plans new rules, global automakers move to store car data locally
• Nissan Motor contributes over Rs 6.5 cr towards COVID-19 relief measures in India
• Sustainable mobility has become central for Ferrari - chairman
• GM's newest vehicle: Off-road, self-driving rover for moon
• Ford: Electric vehicles to be 40% of global sales by 2030
• U.S. Senate panel advances EV tax credit of up to $12,500
• UK car output rebounds after last year's lockdown low
• Lamborghini bidder Quantum makes innovation pitch to Volkswagen
Two Wheelers
• Nexzu Mobility to launch new range of e-cycles
Policy
• Maha targets 10% of new vehicle registrations to be EVs by 2025
Auto Components
• The human bottleneck in critical minerals supply chains
• KSPG Auto donates ventilators to hospitals in Maharashtra
• Johnson Matthey to boost investments in EV battery materials
• Foxconn in talks to buy stake in Malaysia's DNeX -report
• Johnson Matthey sees hit to short-term cash flow on higher metal prices
Industry
• CII Tamil Nadu maps more than 10 lakh workers for vax drive
• World faces longer supply shortage as China's factories squeezed
• Maruti Suzuki India making efforts to enhance production of oxygen generators
• U.S. consumers borrow more for longer to drive trucks and SUVs
• Spend, government, spend, to trigger growth
• Local lockdowns temper India's economic activity in April
• Indian economy not as hard hit as first wave but uncertainties remain, says RBI
• CII President Uday Kotak pitches for fiscal package to deal with COVID-19 impact
• GST shortfall situation becomes clearer, govt may have to borrow $22 billion more to pay states
• EV adoption vs EV charging stations: a chicken-egg dynamic
Oil & Lubes
• Petrol crosses Rs 100/litre in Thane, hits Rs 99.94 in Mumbai
• What the Dutch court carbon emissions ruling means for Shell
• India's oil industry struggles to predict when demand will recover
Commercial Vehicle
• VECV launches COVID support package for dealer network, customers
• Daimler, largest truck maker, maps plans to replace diesel with hydrogen
• MSRTC open to converting more buses to goods carriers
Aftermarket
• Thai taxi drivers protest draft law on Uber-type services
Automotive
• Cellestial E-mobility raises USD 5,00,000 funding
 
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