Morning Daily - 2021-06-11

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ETAuto Newsletter | Friday, June 11, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• For every five new cars, eight used cars are sold: So, will it hit the speed breaker due to short supply?
• PV retail sales drop 59% sequentially in May amid lockdowns
• No V-shape recovery expected after second wave unlock, says FADA President
• Hackers luring Indians into fake Tata Motors scam
• Electric mobility startup Cell Propulsion raises USD 2 million
• Skoda launches new Octavia in India at INR 25.99 lakh
• Phased unlock: FY22 GDP growth projected at 8.5%: ICRA
• Cost-effective, clean, and optimised freight transport system key for India's growth: Report
• New Jaguar F-Pace introduced in India at INR 69.99lakh
• Indian May fuel demand hits 9-month low as COVID-19 stalls activity
• Volkswagen expects chips shortage to ease in Q3
• Migrant workers in Malaysia win labor suit against Goodyear
• Scheme to boost electric vehicle sales fails to take off Mint
• The Outlook On The Job Market For College Grads In 2021 Forbes
• Stop Treating Job Seekers So Shabbily: Here's What Smart Companies Should Do To Attract The Best And Brightest In The New War For Talent Forbes
Passenger Vehicle
• Time for Norway to tax luxury electric cars, IMF economists say
• Apple hires former BMW, Canoo executive for car project
• French carmaker Citroen charged in 'dieselgate' scandal
• Cardekho in talks to raise $150 million, may get unicorn status
• Phased unlocking likely to restore two-thirds of non-farm jobs lost since May: CMIE
• Tata Motors rolls out 2,00,000th Nexon
• Tesla to launch high-end Model S 'Plaid' to fend off Mercedes, Porsche
Two Wheelers
• Ducati Diavel 1260 Black and Steel edition breaks cover
Policy
• Draft Delhi Master Plan 2041 envisions cyclist, pedestrian-friendly city
Auto Components
• MKS Instruments approaches Atotech with acquisition offer -sources
• Nickel futures rise on firm spot demand
• JSW Steel output rises 10 pc to 13.67 LT in May
• Copper futures fall on weak demand
• Sandvik expects bigger market for battery-driven mining gear in 2-3 years
• Austria's AT&S plans $2 billion investment in Malaysian plant
Industry
• Volkswagen U.S. CEO meets with EPA administrator on EVs
• Schlumberger New Energy announced collaboration with Panasonic Energy for sustainable lithium extraction and production
• CEAT Specialty conducts COVID vaccination drive for its customers, employees
• Organisations align hiring to scale up for operational roles amid pandemic: Survey
• Continental India launches initiative to boost women workforce participation
• U.S. files second labor complaint in Mexico under trade pact
• Italy aims to generate over 1 billion euro investments for gigafactory, sources say
• Centre approves allotment of 5 MHz spectrum in 700 MHz frequency band to Railways
• NHAI debars Lion Engineering Consultants from engagement in NHAI projects for 6 months
• India loses 5-7% of GDP due to corrosion: International Zinc Association
Oil & Lubes
• GAIL posts 28% jump in Q4 profit
• India's Petronet to invest $2.6 billion for local expansion over 5 years
• Keep ethanol-blended petrol price lower to push switch to clean fuel: Govt panel
• Fuel price hikes press momentary pause
• OPEC sticks to forecast of oil demand surge in second half of 2021
Commercial Vehicle
• Alibaba to develop self-driving trucks with logistics unit Cainiao
Aftermarket
• Argo AI's CEO says IPO expected within next year
• Auto Trader sees online car sales improve, chip crunch threatens supply
• Armani's future in focus as group denies any interest in Ferrari tie-up
• Russia's Yandex.Drive plans to offer platform for operating car fleets
Auto Technology
• Waymo, J.B. Hunt test robo-trucks in Texas
 
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