Industry,passenger vehicles,two wheelers,tyre,oil & lubricant NEWS (14-2-2020)

🔘Industry 

• S&P sees growth recovering to 7% in two years 

• Gadkari invites players for electric lane of Delhi- Mumbai Expressway

• New technology to charge e-vehicles while on move on trial in UAE 

• China's auto sales plunge in January, deepening market slump 

• Making Indian economy worth $5 trillion not easy, but achievable: PM Modi Chinese GP postponed due to Coronavirus 

• China's January auto sales expected to fall 18% YoY 

• Investors from five countries eye Mexico's nascent lithium market 

🔘Passenger Vehicle 

• Toyota not in favour of delaying BS-VI rollout

• Honda will restart Wuhan plant operations on February 21 

• Tata Motors to supply Tigor EV to UGVCL 

• Tesla seeks to raise $2 billon through stock offering

• Nissan slashes full-year profit forecast after sales slump 

• Tesla seeks approval to build longer range Model 3s in China CAG pulls up Kerala Police for buying luxury cars for officers 

• Ford recalls over 240K vehicles to fix suspension problem 

• 64 US vehicles get insurance group's top safety rating Coronavirus twisting Hyundai's supply chain in China

🔘Two Wheelers 

•With 100 outlets on the cards, Piaggio aims expansion in north India Auto Components 

•Electric cars likely to get same power specs 

•Fire breaks out in auto part factory in Delhi 

•Nickel edges up, copper trades lower in futures trade 

•Steel becomes new problem child as Thyssenkrupp posts profit drop 

•Palladium, rhodium deficits set to grow in 2020 

🔘Tyres

•Dont see any significant impact of Coronavirus outbreak: JK Tyre CFO 

🔘Oil & Lubes 

•ChemChina becomes latest Chinese refiner to slash output due to coronavirus 

•Oil prices fall on bearish demand forecasts 

•Chhattisgarh seeks PM Modi's nod for biofuel from paddy 

•NSI signs MoU with IIMR for bio-ethanol production