Morning Daily - 2021-06-04

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ETAuto Newsletter | Friday, June 4, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• Tata Motors raises $425 million in offshore bonds to pare debt, meet expenses
• The Car Retail Ranking Report 2021 Series: MG Motor ranked 6th looks to expand to tier 2 and tier 3 cities
• SsangYong submits self-rescue plan as it looks to bring investor on board
• Auto parts export pick up, may grow 8% in FY22
• Jonas Olsson joins Volvo Car India as Head of Digital Technology Hub
• Rolex Rings gets Sebi nod for IPO
• Ola appoints GR Arun Kumar as Group CFO for Ola & CFO for Ola Electric
• RNAIPL, workers' union agree on improvement for more safety of staff: Nissan
• Tesla's China orders halved in May: Report
• Volkswagen India launches Polo Comfortline TSI AT trim; price starts at INR 8.51 lakh
• RBI may hold rates, tweak its forecast for growth
• Toyota Motor rebrands, expands venture fund to include climate change
• Ford says it could face $1.3 billion in new penalties in Transit imports
• Ford confirms it will launch all-new compact pickup truck called Maverick The Detroit News
• 10 Ways Managers Can Support Employee Career Growth Forbes
• Landmines To Watch Out For When Interviewing For A New Job Forbes
Passenger Vehicle
• MG6 XPower performance sedan unveiled with Sci-Fi touch
• Tesla issues two U.S. recalls to address seat belt issues
• Renault to combine three French plants for electric vehicles hub
• CARS24 begins vaccination drive for its employees
• Volvo Cars posts 43% sales rise in May as it recovers from pandemic
• BMW launches contactless vehicle service initiative for customers in India
• GM raises profit outlook as it shifts chips to trucks
• TKM supplies oxygen concentrators to Karnataka health department
• Kia India launches 'Kia Digi-Connect' to facilitate digital buying
• Kia enhances digital play by enabling customers to make purchases online
• Jaguar I-PACE defies incline, climbs Everest-equivalent height
• Mercedes-Maybach GLS set for India-launch next week
• Tesla to buy more than $1 billion of Australian battery minerals a year
• BMW says China car factories to reach carbon neutrality this year
• GM raises forecast, says chip shortage not as bad as feared
Auto Components
• Australia's Wyloo bid for Canada's Noront shows battery metal scramble
• Tesla supplier CATL plans a new battery plant in Shanghai
• French car parts group PHE's IPO stalls amid signs of investor fatigue
Industry
• Onus of recovery on govt; expect over 9.5 pc GDP growth in FY22: Axis Bank chief economist
• Continental employee programmes to fight COVID-19
• Two groups challenge U.S. decision to shift auto spectrum to wireless devices
Oil & Lubes
• ONGC may get new CMD by June 4
• Petrol, diesel price rise goes for a longer pause
• Oil prices slip as coronavirus gloom festers
Commercial Vehicle
• Renault and U.S. group Plug Power launch 'Hyvia' hydrogen power venture
• Piaggio support for employees to fight COVID-19
• Behold the new entry-level Ford vehicle - it's a truck
• APSRTC again invites bids for operation of air-conditioned E- buses
• Electric-van startups race for a 'golden ticket' order
Aftermarket
• Ola launches free door delivery of oxygen to COVID patients in Chennai
Auto Technology
• Volkswagen delivers electric cars to help Greek island go green
Automotive
• Sonalika sets up 3 PSA oxygen plants in Delhi, Mohali hospitals
 
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