Lockdown leaves dealers with battle of their lives| Ashok Leyland acquires 3.62% stake in HLFL| Every second car in the world will be electric by 2050

Lockdown leaves dealers with battle of their lives| Ashok Leyland acquires 3.62% stake in HLFL| Every second car in the world will be electric by 2050


Top Stories
• Coronavirus lockdown leaves India's car dealers with the battle of their lives
• Global automotive exhaust system market to reach over $130 billion by 2026: Report
• Weak economic activity, COVID-19 may dent new MHCV financiers growth numbers in FY'21
• Ashok Leyland acquires 3.62% stake in Hinduja Leyland Finance for Rs 170 cr
• Every second car on the road will be an electric car by 2050: Study
• Govt has to play a big role to ensure firms dont go bankrupt: Apollo Tyres MD
• ZF, Wabco likely to close merger deal in Q2 2020
• India likely to unveil $20 billion plus stimulus package to tackle coronavirus downturn
• Price drop of precious metals used in auto industry temporary, may rebound soon
• Robots alone cant make cars. Work from home is not really a long-term option for automakers. ET Prime
• Covid-19 a global economic tsunami, millions of job losses likely: Moody's
• The clacking of Chinese plants returns as rest of world goes in Coronavirus quarantine
• Fall in toll collections, labour shortage to hurt road construction firms
• Covid-19: NHAI to stop collecting toll across national highways during lockdown
• MSMEs are in the ICU; a bandaid will not help, say industry representatives HBL
• Electric Vehicles Now 8% of Swiss Auto Market CleanTechnica
• Putting CSR funds to good use during and after Covid-19 crisis HBL
• How should India Inc deploy its CSR funds for Covid relief? HBL
• Moodys downgrades ONGC rating to Baa2 HBL
• Guess What, People Who Can't Go Outside Won't Buy Cars, And If They Can, They May Not Feel Like It Forbes
• Citing Pandemic Slowdown, Asbury Automotive Chain Nixes $1 Billion Acquisition Forbes
• Auto Investors Hope For Quick Recovery In Europe, Helped By Government Intervention Forbes
• Manufacturers Are Struggling To Supply Electric Vehicles With Batteries Forbes
• Washington Charges Up for Electric Cars
• Helm.ai raises $13M on its unsupervised learning approach to driverless car AI TechCrunch
• Group 1 furloughs 3,000 U.S. employees, closes stores abroad Automotive News
• Council Post: How HR Can Use Storytelling To Increase Benefits Utilization Forbes
• The World Needs Leadership Right Now, And It Has To Come From People Managers Forbes
Industry
• White House, senators strike deal on $2 trillion stimulus package, to grant automakers a lifeline
• Covid-19 lockdown: US auto sales in states to drop 80%
• Covid-driven tax reliefs to cost government 2-3% of GDP
• Covid-19 to shave Rs 40k cr daily off economy; Q4 growth seen at 1.5-2.5%: Care Ratings
• Covid-19: Banks to be hit by fresh asset quality woes, says ICRA
• UK industry expects ventilator production go-ahead on Wednesday
• Experts peg India's cost of COVID-19 lockdown at USD 120 bn
• NGT seeks pollution body's response on End-of-Life Vehicles
• India headed for rare quarterly contraction on coronavirus lockdown
• US industries scramble for exemptions as state shutdown orders grow
• Sensex, Nifty fall after country goes into lockdown
• Coronavirus supply disruptions are the next worry for metals
• Copper bounces on stimulus, but gains seen short-lived
• Rupee may depreciate to 77 against dollar in next few sessions
• RBI needs unconventional measures to boost liquidity in times of financial crisis
• Coronavirus: Beijing city says auto industry stimulus policies not researched
• Covid-19: Industry races to meet demand for ventilators
• Coimbatore: Taxi, auto drivers stare at loss of livelihood
Passenger Vehicle
• Tesla to reopen New York plant as soon as humanly possible to make ventilators: Elon Musk
• Kia Motors may make face masks at China factory to fight coronavirus
• VW to cut worker hours, support dealers in Germany
• Covid-19: Aston Martin suspends production at UK plants till April 20
• Covid-19 fight: Ford joins hands with GE and 3M to produce ventilators and respirators
• Covid-19: MG Motor India donates Rs 2 crore
• Covid-19: FCA worker's death toll reaches three in US
• Coronavirus pandemic: US automakers to extend plant shutdown into April
• Coronavirus calls into question PSA-Fiat Chrysler merger
Commercial Vehicle
• Coronaviorus: Wuhan buses hit road after two-month lockdown
Two Wheelers
• TVS Motor's Indonesia plant to resume production today
Aftermarket
• Coronavirus lockdown: Logistics companies suspending operations
• Permit app-based cabs to work as delivery support for e-commerce, retailers: Assocham
• Covid-19 lockdown: Rapido suspends service, will operate with minimal network to support essential service
Auto Components
• India's crude steel output grows 1.5% to 9.56 million tonnes in February: Worldsteel
• Coronavirus Impact: Schaeffler suspends guidance for 2020
Tyres
• Maxxis India suspends Sanand plant as India goes into lockdown
Oil & Lubes
• Covid-19: Oil prices mixed as demand shrinks, but stimulus hopes support
• Oil slumps again as collapsing demand negates stimulus
• IOC cuts refinery run-rate by one-fourth as fuel demand evaporates
• India's oil production in Feb dips 6.4% on lower private sector output
• ONGC gas output drops by one-tenth as shut factories refuse supplies