Morning Daily - 2021-06-01

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ETAuto Newsletter | Tuesday, June 1, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• SsangYong eyes new investor to complete sale process
• Triton EV ropes in Talwar Auto Garages as South India dealer for e-trucks
• Auto companies prepare financial packages to help dealerships
• The Car Retail Ranking Report 2021 Series: Renault India ranked 10th beefs up rural expansion
• Auto sales in May 2021 to fall in double digits compared to May 2019: Emkay Global Financial Services
• Aiming for 20% revenue from international markets by 2025: Vinod Dasari, Royal Enfield
• Kia teases first images of new Sportage
• Logistics platform Delhivery raises $277 million led by Fidelity, valuation touches $3 billion
• Intel reiterates chip supply shortages could last several years
• India's last mile delivery to become $6B profitable market by 2024
• Second Covid wave harsh for vehicle financiers as collections drop
• India's GDP grows 1.6% in Jan-Mar; shrinks 7.3% in 2020-21
• World's ultra-wealthy don't follow market trends, buying a Lamborghini or Ferrari is always on the list
• Global EV Gold Rush Fails To Rub Off On India Forbes India
• Elon Musk says Tesla prices are increasing because of supply chain disruptions across the auto industry Business Insider
• EY study: Global auto industry already above pre-crisis levels Market Research Telecast
• How To Battle Boredom And Help People Love Their Jobs Again Forbes
• 3 Powerful Questions That Will Decide Your Next Career Move Forbes
Passenger Vehicle
• Combat of hydrogen cars: Toyota Mirai clocks 1,003 kilometres, breaks record set by Hyundai Nexo
• Porsche, Piech families weigh direct stake in possible Porsche IPO: sources
• Workers' safety can't be compromised for production volume: HC to Renault Nissan
• Foxconn teams up with Thailand's PTT to make electric vehicles
• BMW X7 M50d Dark Shadow launched in India at Rs 2.02 crore
• Hyundai Alcazar acts as Creta's worthy sibling with higher structural strength and performance
• Renault Nissan workers to boycott work till Covid measures are taken
Two Wheelers
• Toutche Electric sets goal of 200 dealerships by end-2022
• TVS Motor Company expands presence in Iraq
Auto Components
• Igarashi Motors India resumes operations at Chennai plants
• SKF India to offer financial support to employees amid COVID-19 pandemic
Tyres
• U.S. tyre maker Goodyear faces allegations of labour abuse in Malaysia, documents show
Industry
• Transporters reduce fares as business goes down
• GST: Taxability of annuity on road construction still a grey area
• India's economic growth picks up in Jan-March, before huge COVID-19 wave
• India's 2020-21 fiscal deficit at 9.3% of GDP
• Eight core sectors' output skyrockets by 56.1% in April
• China's factory activity grows at slightly slower pace as raw materials costs surge
• French magistrates question fugitive auto magnate Carlos Ghosn in Beirut
• SK Holdings to partner with US companies targeting 1,677 trillion won Asia-Pacific autonomous driving market
• COVID second wave impact manageable for most companies: Fitch Ratings
• 'Asset monetisation, healthy order flows to back credit profiles of road EPC firms'
• GDP fall likely to be less than earlier estimate
• LG Electronics, Magna International joint venture gets EU nod, set for July launch
Oil & Lubes
• Indian consortium may get to remain invested in Iranian gas field
• Petrol prices continue to soar above Rs 100 in Mumbai, Bhopal
• Brent rises to near $70 on demand prospects and ahead of OPEC+ meet
Commercial Vehicle
• Bengaluru: Pandemic, lockdown delay BMTC's e-bus plan
• Escorts unfolds COVID relief programme for dealership employees
Aftermarket
• Shriram Automall announces COVID relief steps for employees, their families
• Rapido partners with Chennai City Corpn. to vaccinate driver partners
Auto Technology
• Sony introduces new mobile ES Series car audios
• Tesla's in-car cameras will now monitor its autopilot driving
 
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