【Weekly Automotive Newsflash】-18/3

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Top Stories

•      After 5 years of growth, SUV sales hit a bump 

•      Tyre maker BKT working on Rs 2,000 cr expansion plan in India   

•      Tata Motors’ JLR recalls 44,000 cars over CO2 emission levels      

•      Audi Plots Overhaul to Regain Lost Ground to BMW, Mercedes   

•      SoftBank, Toyota in talks to invest $1 billion in Uber’s self-driving unit: Sources 

•      ‘Amaze is doing the job well for first-time buyers’   @businessline

•      M&M chief dwells on the challenges ahead of BS VI       @businessline

•      Filling the crucial gap to fuel India’s global drive     @businessline

•      Musk Says Tesla ‘Would Love to Be’ in India This Year or Next     

•      NATRAX likely to see 10 more auto giants by Dec  

•      Car companies cut production   

•      DGCA (finally!) grounds all Boeing MAX planes. Are you among the 17,000-odd likely to face chaos today? Find out here. ET Prime

•      Ford CEO Jim Hackett earned $17.1 million in 2018

•      Elon Musk unveils Model Y electric SUV, the much-awaited crossover from Tesla     

•      Toyota investing $749 million in five U.S. plants, adding 586 jobs 

•      Audi seeks closer ties to Porsche in cost-cutting drive   

•      SEC charges Volkswagen, former CEO with defrauding investors 

•      Uber plans to kick off IPO in April: Sources       HBL

•      Fortum to power India’s electric vehicles, plans 700 charging points    Business-standard.com

•      Job Search 2.0: Forget CV Writing And Master Your Personal Brand     Forbes

•      Are You A Gen-Z’er? Consider These Factors On Your Job Hunt   Forbes

Industry

•      MSME sector added up to 14.9 million jobs per annum in last four years, claims CII survey     

•      ‘Brexit in peril’ as PM May faces heavy defeat  

•      US, China to observe market forces on currencies: PBOC      

•      Tesla Gets $520M Funding for First Chinese Plant   

•      China industrial output growth falls to 17-yr low, more support steps expected 

•      Urgent need to address threat to employment due to technological advancement: Kant 

•      BMW warns of difficult 2019 as it posts lower 2018 profit     

•      European car registrations fall 0.9 percent in February  

•      Honda says Brexit delay must be purposeful and long enough to give stability  

•      Engineers develop cheap, simple tests for car emissions

•      Trump warns of ‘severe’ consequences if EU won’t hold trade talks     

•      Aston Martin boss’ total remuneration stands at three million pounds in 2018   

•      India to seek better deal for exporters under FTAs: Commerce Secy Anup Wadhawan     

•      Govt banking on advance tax collection to meet direct tax target of Rs 12 lakh cr     

•      India sets “aspirational” target for engineering exports at USD 200 bn by 2025  

•      EEPC signs MoU with Malaysian body for auto sector    

•      German parliament approves exemptions from diesel bans to incentivise retrofits    

•      China customs lifts suspension on Tesla Model 3 imports     

•      Volkswagen may face U.S. SEC lawsuit over failure to disclose emissions cheating    

•      BMW and Daimler seek 7 bln euros savings from shared platforms: Reports      

•      China growth mystery scares global economy in weakest shape in years    

•      Niti Aayog CEO Amitabh Kant to head transformative mobility panel  

•      Auto shares in the green; Bharat Forge up 2%  

Passenger Vehicle

•      Morris Garages MG Hector with eSIM, own OS to launch soon    

•      Bid goodbye to traffic, Intel top boss says flying cars will become reality in five years

•      Auto woes drive dip in German industrial output    

•      Tesla to raise vehicle prices, keep more stores open

•      Nissan’s Infiniti to exit western Europe early next year   

Commercial Vehicle

•      BMTC to knock on SC door on diesel bus buy 

•      Erickshaws show the way in tier II-III cities

Aftermarket

•      App-based autorickshaw services in city help reduce dead mileage    

•      Uber, Travis Kalanick in business again. This time, as rivals    

•      Drivezy in talks to raise USD 100 mn funding, eyes international expansion

•      Steelbird forays into tech space; launches social networking app 

•      RTOs continue to seize bike-taxis in Chennai  

•      Cycle project beats poll code but your ride cant start    

Auto Components

•      Bosch aims to mop up 1/3rd revenue of 2-wheeler segment from India     

•      Standard Chartered, Ruias to appeal in NCLAT against Essar order     

•      Versa Drives gets investment from Japanese Murata Manufacturing   

•      Homecoming costs Lakshmi Mittal $7 billion in year of legal drama  

•      NCLAT asks Ruias to first clear all dues of nearly Rs 1.4 lakh crore to consider its bid for Essar steel

Tyres

•      Apollo Tyres expects returns from investments in Europe, India by 2021

•      BorgWarner unveils Intelligent Cam Torque Actuation to improves fuel economy    

Auto Technology

•      Cheaper infrared cameras for self-driving cars, phones in the offing   

•      Nvidia Corp to buy Mellanox Technologies for $6.8 billion    

•      Virtual pedestrians pave way to safer roads for driverless cars      

•      Soon, your car may become almost theftproof, thanks to this new technology  

Two Wheelers

•      Yamaha Motor unveils 155 cc bike MT-15 at Rs 1.36 lakh     

•      Harley looks to consolidate position in big bike segment in India 

Oil & Lubes

•      Oil rises as OPEC’s output cuts set to continue, U.S. drilling activity slumps

•      Petrol prices on Sunday up 9-10 paise     

•      Oil companies maintain check, petrol and diesel may remain soft till elections end   

•      World’s biggest sovereign wealth fund to decide on dumping oil

•      China’s crude oil, natural gas imports rise from a year earlier


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