Morning Daily - 2021-06-15

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ETAuto Newsletter | Tuesday, June 15, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• Tata Motors to raise up to Rs 500 cr via securities
• Amara Raja Batteries to invest in new energy technologies, announces leadership changes
• No big labour crunch at auto, consumer goods companies in second wave
• Confident about outperforming industry growth in revenue terms: Sunil Bohra, Minda Industries
• Sona Comstar IPO subscribed 11% on first day
• Debt-hit SsangYong's workers to take unpaid leave for 2 years
• Maruti Suzuki, Toyota scrappage centre set to kick-start next month @businessline
• Higher incentives on electric 2-wheelers to reduce price gap with conventional vehicles: ICRA
• Hyundai to halt US plant on chip shortage, maintenance
• New production record for Audi R8 LMS
• Shriram Transport Finance raises nearly Rs 2,000 crore via QIP
• JLR to begin testing prototype hydrogen Land Rover this year
• Toyota Motor North America introduces next-gen multimedia system
• Uber doubles number of vehicles deployed for delivery of essentials
• Chinese NEVs enjoy global first-mover advantage: MIIT Globaltimes.cn
• Are Jobs As Bad As We Fear? Forbes
• Workers Are Quitting Their Jobs In Record Numbers, As The U.S. Experiences A Booming Job Market Forbes
Passenger Vehicle
• Electric-truck maker Lordstown's CEO, CFO resign, shares slump
• Koenigsegg, the maker of $3 million supercars, experiments with volcano fuel
• Indonesia aims to sell only electric-powered cars, motorbikes by 2050
• Bugatti Chiron Super Sport, Blondie breaks cover at Milan Show
Auto Components
• China's Ganfeng to pay $130 mln for stake in Mali lithium mine
• Clariant agrees to sell pigments business in $950 mln deal
• Company to announce more battery plants this week: GM executive
Industry
• Delhi govt approves single-window facility to facilitate expansion of EV charging infrastructure
• Cellphone use while driving tied to other risky road behaviours in young adults: Study
• Telangana govt faces flak over new SUVs for IAS officers as state stares at financial crisis
• Exercise caution while buying used cars online, say Coimbatore police
• TKM is setting up oxygen plant at Bidadi CHC near Bengaluru
• Online learner licence test to be launched by Maharashtra CM
• MG Hector Plus converted into Covid-19 mobile testing unit in Gujarat
• Costly fuel may drive private buses off Kolkata roads once curbs ease
• WPI inflation hits record high of 12.94% in May on costlier fuel
• Indian policy makers seen tolerating high inflation for growth
• Lockdown in Tamil Nadu-hit industries in first gear
• E-Waste is a treasure trove that needs to be tapped
• Origin Materials and Ford form JV to make carbon negative materials for automotives
• Renault Nissan vs Workers: Views of workers should be heard by TN
• India's, Brazil's Q1 GDP data suggest strong post-pandemic rebound: Moody's
• Cost concerns over Bengaluru suburban rail's expansion plan
• Swiss vote on whether to hike taxes to fight climate change
• Average age of U.S. vehicles hit record 12.1 years in 2020-IHS Markit
• Bitcoin jumps after Elon Musk says Tesla will accept crypto when miners use clean energy
• Singaporean automotive marketplace Carro says raises $360 million to become unicorn
Oil & Lubes
• Oil prices climb as demand outlook improves, supplies tighten
• Petrol crosses Rs 100 in 22 Telangana districts, Hyderabad just 10 paisa away
• Petrol reaches Rs 102.58 per litre in Mumbai after another hike in fuel prices on Monday
• Crude oil price rises as threat of immediate Iran supply recedes
Commercial Vehicle
• Mexican trucking sector asks to delay low-sulfur diesel rule
• PMPML gears up to convert midi bus fleet from diesel-run to CNG
Auto Technology
• Hyundai accelerates 'flying car' efforts, offer services around vehicles: COO
 
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