Morning Daily - 2021-06-03

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ETAuto Newsletter | Thursday, June 3, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• Tesla steps up senior recruitment in India amid push into one of world's biggest emerging car markets
• The Car Retail Ranking Report 2021 Series: Tata Motors ranked 7th has deep rural penetration
• JK Tyres receives flak over Covid-19 support to employees
• Mercedes-Benz India to launch 15 new vehicles, a unique direct-to -consumer business model to boost sales
• How Motherson will become a $36-bn company with a ROCE of 40%
• Motherson Sumi Q4 PAT jumps 290% to INR 714 crore
• Electronic, mobile & auto plants crank up output
• CV loan collections to remain below March levels for six months: Moody's
• Karnataka tweaks policy to woo electric vehicle makers
• Greaves Cotton to spend Rs 110 cr on capex
• Indian economy to grow 9.3 pc in FY22, 2nd COVID wave raises risks to credit profile: Moody's
• Toyota asks parts suppliers to reduce carbon emissions
• BorgWarner to Supply Integrated Drive Module to Hyundai Motor Group Electric Vehicles
• DTE CEO: Michigan could need more electricity generation for EVs The Detroit News
• Here Are The States Offering 'Return-To-Work' Bonuses As High As $2,000-And Which May Be Next Forbes
• Why 'I'm A Perfectionist' Is The Worst Answer In A Job Interview Forbes
Passenger Vehicle
• California's renewable natural gas vehicles turn carbon negative in 2020
• Explainer: Tesla drops radar; is Autopilot system safe?
• Tesla recalls nearly 6,000 U.S. cars over potentially loose bolts
• Cruise urges Biden to back autonomous vehicle deployment boost
• Hyundai's May cumulative sales rises to over 30K units
• M&M's May overall auto sales rises to over 17K units
• Ford's electric Mustang tops Norway car sales in May
Two Wheelers
• 2021 Triumph Speed Twin debuts with improved power output and parts
• Bajaj Auto starts vaccination drive for all employees and family members
• Yamaha India cuts down prices of two models
• Honda Motorcycle domestic sales down 28% in May
Auto Components
• Mexico now ready to welcome private lithium miners
• China's Tianyi to start up 2nd phase of lithium hydroxide plant in Q4
Tyres
• RSDC expands vertical to cover chemicals & petrochemicals sector
Industry
• Rane Group contributes INR1 crore to TN COVID-19 relief measures
• Coronavirus disaster leaves deep scars on India's economy
• ASK Automotive offers ventilators to five hospitals
• TKM initiates vaccination drive for employees, family members
• Haryana plans Delhi-like green tax for commercial vehicles entering Gurugram
• Renault Nissan Auto & workers' union sign interim peace deal
Oil & Lubes
• Reliance-BP launch initiative to give free fuel to COVID-19 emergency vehicles across India
• Oil adds to gains on OPEC+ supply discipline, demand prospects
• No increase in petrol, diesel prices on Wednesday
Commercial Vehicle
• VECV sales drop 43 pc in May over previous month
• AB Volvo proposes distributing proceeds from UD Trucks sale
Aftermarket
• Boys and Machines announces foray in south India market
• Uber sees gradual return of US drivers, modest decrease in wait times
Automotive
• Himachal HC puts interim stay on collection of toll at Sanwara toll plaza
 
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