Auto Industry’s Biggest Awards Held! | The Auto World This Week


World Auto Forum connects the Auto Industry in 125 Countries. WAF gets you the important auto stories of the week from India and round the world!


Auto Industry’s Biggest Awards Held! See Who Won! 

Discounts up to Rs 5 lakh on Honda cars, SUVs

 Four Shared Mobility Stalwarts  Inducted to WAF Global Hall of Fame

Top Shared Mobility Experts inducted in the coveted WAF Global Hall of Fame. 

Inductees : 

1. Anil Srivastava, Principal Advisor, NITI Aayog
2. Sandeep Gambhir, MD & CEO Orix Leasing and Infrastructure
3. Rajiv K Vij – MD & CEO Carzonrent India
4. Rajesh Loomba – MD & CEO – Eco Rent aCar

Watch Ceremony Video 

India-spec MG ZS EV to be revealed on December 5


Toyota announces $1.8 billion share buyback after strong second-quarter

Toyota Motor Corp plans a $1.8 billion share buyback, Japan’s biggest automaker said on Thursday, after beating quarterly forecasts on higher global vehicle sales and an improved performance in North America. Read Full Story.

Germany increases EV incentives to stimulate demand

Chancellor Angela Merkel’s government and German automakers agreed to increase cash incentives for electric cars as they attempt to accelerate the transition away from the combustion engine.

A so-called “Environment Bonus” for battery-powered cars priced up to 40,000 euros will be raised by half to as much as 6,000 euros ($6,680) per vehicle and the auto industry will continue to cover half the cost. Read Full Story

Mitsubishi Motors slashes full-year profit forecast by $550 million

Mitsubishi Motors slashed its annual profit and sales outlook, becoming the latest Japanese automaker hit by sputtering global demand and a stronger yen.

Operating profit for the fiscal year through March 2020 will be 30 billion yen ($275 million) instead of 90 billion yen, the company said in a statement Wednesday. Read Full Story




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