Morning Daily - 2021-06-05

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ETAuto Newsletter | Saturday, June 5, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• Auto component industry to degrow about 10% in FY21: ACMA
• Ahead of 2.0 roll out, Volkswagen Group may exit NBFC biz in India, and shift focus to its Fintech startup for captive financing needs
• Opinion: Digitalization of premium motorcycle buying experience is inevitable
• HC allows carmaker Renault Nissan to continue production
• RBI retains repo rate at 4%; cuts FY22 GDP growth rate projection to 9.5%
• The Economy And Job Market Show Promising Signs Of Growth As 559,000 New Jobs Were Added In May Forbes
• Renault Nissan Auto breached agreement with union: Madras HC
• India's auto demand to recover despite Covid second wave: Fitch
• TOI Auto Green Talk: Why battery swapping business is key to EV boom
• CNG still pocket-friendly as compared to petrol, diesel
• Bharat Forge Q4 results: Auto components major reports net profit of INR 205.4 crore
• The Car Retail Ranking Report 2021 Series: For Maruti Suzuki ranked 5th only one third outlets are large format
• Ankur Bhatia Executive Director of Bird Group passes away
• National highway construction jumps 73.5% to 1,470 km in April-May
• India consumer confidence drops to record low, RBI survey shows
• Solid, Not Spectacular: Lower Than Expected Jobs Growth Could Ease Fears Of Fed Tapering Forbes
Passenger Vehicle
• Nissan's Ariya electric SUV sales delayed due to COVID-19, chip shortage
• Ford Stock Vulnerable To Semiconductor Chip Shortage? Forbes
• STMicroelectronics launches STi2GaN solutions for auto applications
• Toyota aims volumes in Europe with Yaris-based small car
• Ex-UAW leader Gary Jones deserves more than two years in prison, feds say The Detroit News
• Hyundai commits support to central, state govts to fight Covid-19
Auto Components
• Honda says to end output at powertrain unit factory in Tochigi in 2025
Industry
• ETtech Deals Digest: Logistics startups raise bigger financing rounds
• RBI money policy runs out of steam
• India Inc looks forward to repo rate cut in future
• NHPC inks pacts with CESL to get 25 EVs, 3 fast chargers
• Exporters welcome Reserve Bank of India's announcements
• Carlos Ghosn's lawyers say part of French file should be 'null and void'
• Economy hit by Covid-19 second wave to start recovering from July, says CEA Subramanian
• Biden's electric vehicle plan includes battery recycling push
• Tesla revises plans for German gigafactory with more details on product lines
• ABB to electrify vehicle fleet, source 100% renewable electricity by 2030
Oil & Lubes
• Oil hits two-year high on Opec+ discipline, demand hopes
• India brings forward target of 20% ethanol-blending in petrol to 2023
• Petrol is now selling above Rs 100-mark in at least six states
• Oil traders ramp up Asian jet fuel exports to U.S., Europe
Aftermarket
• Fukushima Prefecture and Toyota initiate discussions to build a futuristic Hydrogen-based City
• Andhra Pradesh: Payment of 'Vahana Mitra' scheme preponed to June 15
• Amsterdam tests out electric autonomous boats on its canals
• Govt to notify PLI scheme for auto components, steel, textile: Official
• Biden intends to nominate Uber critic to oversee gig worker rights
Auto Technology
• h2e Power Systems to develop hydrogen-powered three-wheelers
• Blaize Expands Asia-Pacific Distribution in Automotive, Retail, Metro and Industrial Markets via Partnership with Weikeng
• Alphabet's Waymo partners with Google Maps to offer autonomous rides
 
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