Morning Daily - 2021-05-31

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ETAuto Newsletter | Monday, May 31, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• The Car Retail Ranking Report 2021 Series: M&M ranked 11th rides on compact showroom and mobile workshops
• The Car Retail Ranking Report 2021 Series: Nissan ranked 12th creates 20 asset-light outlets
• Auto sales could crash in May over lockdown woes
• Leading automakers in India take digital route to push sales amid COVID-19 pandemic
• Carmakers in 'India's Detroit' allowed to operate as workers protest COVID risk
• Impairments won't be a big number at Mahindra & Mahindra in future: Anish Shah, MD
• Maharashtra intends to lead in the EV category, say officials
• Confident of better performance in India this year: Mercedes-Benz
• Wardwizard lines up new models for domestic mkt, sets eyes on overseas expansion
• Significant EV progress in 2-3 years: Battery makers
• Steel prices improve but may face headwinds: Ind-Ra
• Oil prices stay firm as demand to outstrip supply in H2
• No Quick Relief From Microchip Shortage for Automakers WardsAuto
• Mobile computers on wheels that can't crash Epaper.chinadaily.com.cn
• 5 Communication Mistakes To Avoid In A Job Interview Forbes
• Here's What's Going To Happen In The Job Market Over The Next Four Months Forbes
Passenger Vehicle
• Tesla delays first Model S Plaid deliveries: Report
• World's rich floor it in post-pandemic luxury car rush
• Amazon-backed electric-vehicle firm Rivian could seek $70 billion valuation in IPO: Report
• Tesla's Cybertruck is as strong as it is futuristic
• Mahindra earmarks Rs 9,000 crore for automotive, confirms 5-door Thar
• Dangerously trending: driverless Tesla videos on social media
• BMW X7 Dark Shadow Edition India-launch confirmed
• Mahindra expects car sales to take two years to rebound after COVID shock
• BMW steps up e-drive offensive, begins powertrain production of iX and i4
• With pandemic pinching the wallet, used cars gear up for sales spurt
• Stellantis to halt production at Italian plant in June, union says
Two Wheelers
• Honda 2Wheelers India resumes production in phases
Auto Components
• Government looking to address 'issues, shortcomings' in fixation of average sale price of minerals
Industry
• FPIs withdraw Rs 5,936 crore from equities in first week of May
• Rs 3 lakh crore loan guarantee scheme expanded to help businesses recover from second Covid shock
• Rupee takes northward trajectory this fiscal; volatility likely amid Covid blues: Experts
• Banks begin process of restructuring of loans up to Rs 25 crore
• Karnataka: Commercial vehicles exempted from motor vehicle tax for May
• Local lockdowns to dent automobile MoM wholesale numbers
• Nissan plans work stoppages in Mexico in June due to chip shortage
• Hyundai forms relief task force to support customers affected by Cyclone Yaas
• Max 10-sec service time, no vehicle queue beyond 100 metres: New toll plaza guidelines
• India to borrow $22 bln more this FY to compensate states for tax shortfall
• Sundaram Finance, TVS Group companies contribute Rs 8 cr to Tamil Nadu's COVID-19 relief
• Toll collection on national highways to fall by 25-30 per cent: ICRA
Oil & Lubes
• French firm Total rechristened as TotalEnergies to reflect green energy push
• Petrol hits a century in Mumbai, sells at Rs 100.19, diesel at Rs 92.17 per liter
• Gulf Oil Q4 results: PAT rises 66% to Rs 60 crore
• Petrol at Rs 100 in Maharashtra: Thane NCP puts up 'celebratory' hoardings
Auto Technology
• Wejo to go public, deal values auto data startup at $800 million
Automotive
• New Holland extends warranty on agricultural machines by 60 days to June 30, 2021
 
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