Morning Daily - 2021-06-09

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ETAuto Newsletter | Wednesday, June 9, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes | Commercial Vehicle
Top Stories
• Ssangyong union agrees on restructuring plan
• Input cost inflation makes CE exports uncompetitive: MD, Sany (India & South Asia)
• The Car Retail Ranking Report 2021 Series: Hyundai with average sales of 414 units per outlet is placed second
• Ashok Leyland makes new postings in its drive to be among global top 10
• World Bank projects India to grow at 8.3% in 2021
• HC directs TN officials to visit Renault, other car makers
• Michelin to hike tyre prices by up to 8% in India
• Talbros Automotive Q4 net profit jumps five-fold at INR 12.7 crore
• Lamborghini launches Huracn EVO RWD Spyder in India; price starts at INR 3.54 Cr
• Apple in talks with CATL, BYD over battery supplies for its electric car: sources
• Spark Minda signs joint Venture with INFAC Elecs for Automotive Antenna Systems
• Kia Sportage sets new standards with inspiring SUV design
• Labour codes on the cards: Companies' PF liability to go up, workers to see reduction in take-home pay
• Oil rises for second day on signs of strong fuel demand recovery
• Renault charged with 'deceit' in diesel emissions inquiry: company
• Chip woes: GM eliminates start/stop feature on some full-size trucks, SUVs The Detroit News
• A microcap the global auto giants can't go without Livewire Markets
• How To Flip The Script And Win In Today's Catch-22 Job Market Forbes
• LinkedIn Sees The Job Market Going From 'Doom And Gloom To Boom' Forbes
Passenger Vehicle
• Volkswagen weighs autonomous driving from 7 euros an hour
• Mercedes-Maybach GLS launched at Rs 2.43 crore, first batch sold out
• First 100 BYD Tang SUVs set sail for Norway
• French second-hand car group Aramis valued at up to 2.3 bln in IPO
• Tesla's China-made vehicle sales surge 29% in May - auto association
• Ford to offer new Maverick compact pickup standard as hybrid
• Fresh GM union vote in Mexico headed for delay - sources
• Skoda Enyaq electric SUV adds zippy Sportline trim
• Toyota dealer offers to convert 200 Innovas into ambulances
Two Wheelers
• Royal Enfield presents INR 2 crore to TN for Covid-19 relief works
Auto Components
• Copper futures fall on weak demand
• Zinc futures down on muted demand
• U.S. must work with allies to secure electric vehicle metals -White House
• Huntsman Corp to boost production of EV battery material by mid-2023
• JSW Steel sues top US competitors for metal conspiracy HT MINT
• German industrial output dips on supply chain upsets
• Large steel makers gained market share last fiscal: Crisil
• Miners should target smaller deposits for clean energy era -PwC
• LG Energy Solution applies for preliminary IPO approval -Korea Exchange
• Chips shortage limits auto production in Brazil, automakers association says
• Taiwan tech sector hit by coronavirus outbreak
Industry
• Demand dips, costs soar; MSMEs seek govt's aid
• EU, India trade agreement to benefit domestic exporters: TPCI
• Electric truck maker Lordstown warns of going concern risk
• JSPL steel production jumps 31% to 13.7 lakh tonnes
• Inflation may challenge markets next year: Morgan Stanley's chief economist Chetan Ahya
• Biden administration sets up 'strike force' to go after China on trade
• StanPlus to lease 100 ambulances from Grip Invest to expand network
• Global economy expected to expand 5.6% in 2021, says World Bank
• Parkopedia offers parking and payment services to Toyota, Lexus drivers in US
• Rupee rises by 3 paise against US dollar
• Car makers' worker unions welcome Madras HC order
• Can NBFCs face the second Covid wave without RBI help?
• Renault-Nissan India seeks 'social distancing' norms from state amid dispute with union
Oil & Lubes
• Delhi, Mumbai first to get mobile CNG filling service
• After petrol, diesel cruising towards Rs 100/litre mark in Rajasthan
• Fuel price rise paused again, petrol and diesel rates static
• Oil falls again amid concerns over demand rebound
Commercial Vehicle
• VE Commercial Vehicles launches Skyline Ambulance
Automotive
• Escorts offers Covid-19 relief measures for employees and families
 
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