Morning Daily - 2021-05-29

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ETAuto Newsletter | Saturday, May 29, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• The Car Retail Ranking Report 2021: Skoda Auto India ranked 12th, looks to expand network before crucial launches next month
• Greater focus on EVs leads to merger of Mahindra Electric with M&M
• Royal Enfield bikes are equivalent to Japanese, German offerings: Sid Lal
• RBI imposes INR 10 crore penalty on HDFC Bank over auto loan portfolio
• M&M plans INR 17,000 cr investments, many new launches in 3 years
• MG Motor, Attero tie-up for recycling EV batteries in India
• Economy added 16.9 lakh less jobs in FY21: SBI Research
• Timeline for adoption of new tyre norms need revision to test large number of SKUs: ATMA
• India to borrow $22 billion more this FY to compensate states for tax shortfall
• Tesla Gigafactory Berlin attacked by saboteurs: Report
• How will China's latest oil probe affect the world's biggest crude importer?
• Nissan to set up EV battery plants in Japan, Britain: Report
• Chip shortage leaves automakers playing catch-up The Globe and Mail
• Senate strikes deal on $52 billion for chips in China competitiveness bill The Detroit News
• Five Questions To Ask During A Job Interview To Help You Stand Out Forbes
• The Problem With Job Interviews Forbes
Passenger Vehicle
• 2022 Toyota Prius Nightshade edition revealed
• Rolls-Royce is working on EV called 'Silent Shadow'
• BMW Group offers complementary engine oil service of cars, bikes to doctors
• Tesla releases driver monitoring system using cabin camera
• Unfazed by VW rejection, Rea Stark's Lamborghini bid still stands
• Volkswagen-backed Cupra unveils Born EV globally
• Ford halts southern India plant production as pandemic surges
• Safety ratings yanked after Tesla pulls radar from 2 models
Two Wheelers
• Bicycle industry pedals to decadal high demand growth of 20%: CRISIL
Auto Components
• Congo allows copper and cobalt exports for miners with waivers
• OPINION: Li-ion batteries: The mainstay of the new rechargeable world
• Japan's Renesas to raise $2 billion via new shares to fund Dialog purchase
Tyres
• JK Group announces `JK CARES' programme for employees
• Vietnam denies subsidising tires, rejects U.S. finding
Industry
• Mahindra expects chip crunch, pandemic to hurt first quarter
• China is no longer center of commodities pricing: Goldman Sachs
• Forex reserves hit lifetime high, rise $2.8 billion to $592.894 billion
• Space crunch: 3.4 lakh vehicles towed in 2020
• M&M posts net profit of INR 163 crore in Q4FY21
• Haryana CM opens Oxygen PSA generation plants donated by Maruti Suzuki in 3 hospitals
• Covid-19 toll on Indian economy deepens, jobs crisis to worsen: Poll
• Maharashtra's target is 10 e-vehicles per 100 registrations by 2025
• Robert Bosch GmbH extends medical package to India to fight COVID-19
Oil & Lubes
• BPCL may resume Iranian oil buying if no sanctions, needs concessions
• BPCL says no intention to sell stake in Petronet, IGL
• OMCs delay petrol price climb to Rs 100/litre in Mumbai
• Brent nudges towards $70 on rosy U.S. data, oil demand outlook
Commercial Vehicle
• Sonalika extends primary warranty by 2 months to June 30, 2021
• Gujarat CM launches 50 JBM electric air-conditioned buses in Ahmedabad
• Granholm sells stock in electric bus maker that Biden touted
• Electric-vehicle firm Rivian could seek $70 bln valuation in IPO: Report
Aftermarket
• China's Full Truck Alliance files for $1.5 billion U.S. IPO
 
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