Morning Daily - 2021-06-16

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ETAuto Newsletter | Wednesday, June 16, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• Impact on rural market may delay recovery in auto sector: Deepak Jain
• Auto ancillary sector's revenue may fall 50%-60% in Q1 FY22: India Ratings
• Opinion: What will be the impact of scrappage policy on India's EV market?
• Unlocking, high diesel and tyre prices soar truck frieght rates in first half of June: IFTRT
• Ashok Leyland arm completes acquisition of EV maker Switch Mobility Automotive
• Audio Interview: Global EV Sales Projections- Key Metals and Global Supply Chain Realities
• Toyota Kirloskar Motor resumes operations at Bidadi plant in Karnataka
• TVS Motor cuts price of iQube Electric scooter by Rs 11,250
• Rural demand won't support industry like last year: Yadvinder Singh Guleria, Honda Motorcycle
• Delhi Govt to begin single window facility for EV-charging scheme
• Simple Energy plans new EVs for B2B segment
• Marelli partners with RWTH Aachen University on e-mobility technologies
• GM's self-driving car unit Cruise to access $5 billion credit line
• Elon Musk elaborates on Tesla's new electric motor
• What automakers and consumers can learn from the global chip shortage ABC News
• 5 Red Flags To Watch For When Applying For Jobs Forbes
Passenger Vehicle
• Ford starts shipping Bronco SUVs from Michigan assembly plant
• Geely's EV brand Zeekr sells out of deliverable cars for this year
• Ford recalls select 2021 F-Series pickup trucks over faulty front axle system
• Tata Motors and Tata Power install 2 new high-speed EV Charging Stations in Surat
• Nissan and Datsun products to be available at Canteen Stores Department depots
Two Wheelers
• HOP Electric Mobility launches Hop LEO, HOP LYF e-scooters
• BMW S 1000 R launched in India, bookings open at BMW Motorrad dealerships
• Wardwizard Group ties up with Bajaj Allianz to offer Insurance policies to Joy e-Bike customers
Auto Components
• Volkswagen seeks partners for battery materials race
• Ford-backed battery maker Solid Power to go public via $1.2 billion SPAC deal
• Aluminium futures fall on low demand
• GM to supply electric batteries, hydrogen fuel cell systems for Wabtec locomotive
• Copper futures decline amid muted demand
• SAIL trade unions call strike on June 30 over 'delay' in wage revision
• Copper hits 7-week low as funds, traders cut long positions
• Foxconn invests $36 million in EV partnership with Gigasolar
• COLUMN-A nickel refinery tops U.S. battery metals wish list: Andy Home
Industry
• Job postings increase, 56% of industries exceed online hiring demand: Monster Employment Index
• Order book position of exporters healthy; exports growth trend to continue: FIEO
• U.S. manufacturing output accelerates in May on autos
• Aspire to design automobiles? Ducati starts industry connect course
• Retail inflation spike in May might cause RBI to revisit focus on growth risks: Oxford Economics
• Nippon Yusen orders 12 LNG-fuelled vehicle carriers
• Cops to seize vehicles over 15 years old
• Indian equity market showing 'unbreakable nature' amid Covid second wave: Julius Baer
• RBI to focus on growth even as inflation breaches tolerance band
• In a freak highway accident, Kia Seltos splits in half
• Fitch expects more sideways trading for Indian rupee
• 4 reasons why India's growing forex heap may be a problem
• Brace for new profit growth cycle, revenge spending, says HDFC MF's Navneet Munot
• Driving licence test slots reduced by half in Delhi to prevent spread of COVID-19
Oil & Lubes
• Oil bulls take charge as demand outlook improves, Brent up a fifth day
• Wartsila to set up 30-MW power plant for Oil India in Assam
• Crude oil futures dip on weak spot demand
• Rajasthan lowers VAT on diesel for mining sector
• After Mumbai, Hyderabad sees Rs 100/litre petrol after price hiked again
Commercial Vehicle
• Leaders of embattled startup Lordstown Motors step down
Aftermarket
• Lyft launches EV rental pilot program for ride-hail drivers in Northern California
Auto Technology
• Mumbai: Intel cameras to keep truckers awake, pre-empt accidents
• FedEx to test package deliveries with self-driving startup Nuro
 
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