Morning Daily - 2021-06-12

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ETAuto Newsletter | Saturday, June 12, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• Auto companies go heavy on tech investments even as they work overtime to cut costs
• Used car business has grown due to increase in demand and supply of cars, CEO Cars24
• Centre modifies FAME-II; EESL to aggregate electric buses and 3 wheelers
• ETAutoCast: How heavy truck segment is stepping into the new normal?
• Passenger vehicle sales dip 66% in May as Covid disruptions take toll
• April IIP expands 134.4% over low base
• M&M revamps its design set up, Create a new Global Design Organisation and ropes in Pratap Bose to lead it
• Centre likely to extend FAME-II scheme to 2024
• Volkswagen, Ford to exit auto finance business in India - sources
• India's $7 billion bet to turn a fifth of its gasoline green
• Toyota aims to make its factories carbon neutral by 2035, says executive
• China's Huawei aims to reach driverless car technology in 2025
• Chip shortage dents Ariya Nissan electric vehicle rollout Tech Wire Asia
• China's May vehicle sales, output slows further Argusmedia.com
• 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
• Are Robots Coming For Your Mobile Engineering Job? Yes, And You're Getting A Promotion! Forbes
Passenger Vehicle
• VW says data breach at vendor impacted 3.3 million people in North America
• GM to recall some 2021 cars for faulty air bag warning light
• Tesla unveils Model S Plaid with new motor tech, faster charging
• Audi extends association with Virat Kohli as brand ambassador
• German environmental groups file objection against Tesla gigafactory permit
• Ferrari flaunts its latest models on the catwalk
• 'Dieselgate' fraud: Timeline of a scandal
• Detroit becomes 'Jeep City' with first new auto plant in 30 years
Auto Components
• Mexican auto parts lobby sees chip supply crunch over by December
• SAIL posts 31% jump in Mar qtr net profit at INR 3,469.88 cr
• Nickel futures rise on firm spot demand
• Copper futures rise on spot demand
• EESL partners with MECON to support energy efficiency in steel, mining industry
• MKS Instruments approaches Atotech with acquisition offer: sources
• China to sell copper, aluminium, zinc to downstream industry this year, SHMET says
• Nvidia to acquire autonomous vehicles' mapping startup DeepMap
• Energy Secretary says US wants 'responsible' lithium mining
• Ganfeng Lithium to sell $630 million of shares to fund expansion
Industry
• Forex reserves cross $600 billion mark for first time
• FM asks various ministries to front load capex; explore PPPs for viable projects
• Road ministry notifies rules for accredited driver training centers
• Goa: Meet on road safety held at Corporation of the City of Panaji
• 300% increase in freight costs plague SMEs
• Full recovery of Indian economy likely only by Q3FY22: Brickwork
• Road accidents in India are like silent pandemic: Rajnath Singh
• Shiprocket to hire 100 people, expand to Middle East
• Delhi Traffic Police revises maximum speed limits for all category vehicles
• Spoton Logistics to hire 700 people across functions
• India has only scratched the surface in online retail, no real competition there yet: K Ganesh, GrowthStory
• Indian labour market in worst condition since April-May 2020: CMIE
• China's auto sales fell 3% in May, first drop in 14 months
• China is India's largest trading partner but New Delhi will not lower its guard
• JCB India offers Covid relief package for employees, families
• Assets worth over Rs 3.5 lakh cr to be monetised through InvITs, REITs in 1 yr: Icra
Oil & Lubes
• India's fuel demand slips to nine-month low in May
• Oil trims gains, but heads for third weekly rise on demand recovery
• Fuel prices rise again across the country; petrol costs Rs 102/ltr in Mumbai
• Govt to auction 'major' oil, gas fields of ONGC, OIL: Dharmendra Pradhan
• Indian government offers 32 areas in latest small oil, gas field auction
• Oil rally has more room to run, Brent expected to hit $80 per barrel - Goldman
Commercial Vehicle
• CNH Industrial names Gerrit Marx future CEO of planned business spin-off
• Tata Motors delivers 25 Winger ambulances to Gujarat govt's health dept
Aftermarket
• Auto dealers seek financial support as sales skid
• US based Yellowstone National Park unveils automated electric cars
• China's ride-hailing giant Didi sets stage for mega New York float
Auto Technology
• Archer's flying taxi makes splashy debut in heated market
 
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