Third Party Car Insurance protects you, the policy holder, against any legal liability arising from an accident involving your vehicle and an arbitrary third party. This includes death/disability to third party and damage to third party property.
As the name suggests, a comprehensive policy offers overall protection against damages to your car including damages to car, theft, legal liability to third party etc. What all it covers can be extended by opting for add-ons like zero depreciation cover. Although it is more expensive than Third Party Car Insurance, Comprehensive Cover offers end-to-end coverage which means that you as a vehicle-owner will feel completely safe on the road.
In 21st Century India, owning a car has moved beyond being a status symbol to an everyday necessity. Being a car owner proves your financial independence, puts you in a refined league of your peers and wins you some much-needed brownie points with the family. But, the joys of owning a car could be short-lived if say, your vehicle meets with an unfortunate and untimely accident, is stolen, is lost in a raging flood, or worse - if it turns up to be the cause of an accident that costs the life or property of a complete stranger. These situations can be disastrous, costly and frustrating!
Enter, Car Insurance. This handy insurance policy covers you against the uncertainties that could befall your cherished vehicle and protects you against the probable financial losses. Car Insurance is usually very easy to purchase, to renew, and a number of reputed insurance companies and wealth managers count this as one of the premier products in their arsenal.
In India, the following types of car insurance policies are in vogue. These policies are categorized based on their overall applicability and are targeted at specific conditions that can impact your cherished vehicle. Broadly speaking, motor vehicle insurance are of two types-
Comprehensive Car Insurance : As the name specifies, Comprehensive Insuranceaccounts for a complete range of negatively impactful things that could happen to your vehicle. This includes robust protection from damage/complete loss of car, injury/death that occurs to self, injury/death endured by fellow passengers and/or contracted driver and protection against third party liabilities. Almost all commonly occurring factors are accounted for, including fire, flood, theft, riots, terrorist activities, accidents, etc.
Third Party Insurance : In essence, Third Party Car Insurancedoesn’t provide any coverage for the damage/complete loss endured by your vehicle, or the unfortunate injury/death that befalls the insurance holder. This specialised insurance policy serves as financial protection when your vehicle is involved in/is the originator of an unfortunate accident that results in the destruction of third party property and/or involves injury/death of a third party individual. In such cases, the affected party is likely to push you for damages/compensation and the same will be serviced by the applicable third party liability insurance. Thankfully, Indian laws make it mandatory that every car be insured with a basic third party insurance component.
Want another reason to love the internet? How about the absolute ease and speed of comparing online a whole bunch of viable car insurance options?
The best car insurance policies are out there and the World Wide Web offers you the personal, safe and time bound medium to explore them all.
The internet is awash with third party websites that help you compare between the various car insurance policies available to you, from insurers both big and small.
This definitely beats spending oodles of time, manually comparing between the various options- all the commuting, enquiring and double checking, is history!
Humanity is an evolving species, right? The tested fundamentals of old are being slowly, but surely, replaced by modern day options that piggyback on the limitless possibilities offered by the internet.
Comparing car insurance online between the various supposed ‘best’ car insurance policies is just one of the many advantages offered by the modern era of technology and the digital revolution.
Why not indulge in them and gather the most updated, correct and easily retrievable information out there?
If you are a vehicle owner, car insurance is definitely a very thoughtful (and compulsory) investment. And, if you are looking out for an all-encompassing car insurance
policy, find the one that perfectly matches upto your requirements and limitations, online.
The average car insurance policy covers the loss or damage endured by your vehicle due to the following reasons,
As part of the overall car insurance, most insurers provide personal accident cover in the event of your unfortunate accident while driving. This accident cover can also be extended to passengers, whose number must usually equal the maximum permissible occupancy in the vehicle, as stipulated by the vehicle manufacturer.
The policy also provides for scenarios wherein your vehicle might have been the cause of/ been part of an accident that resulted in the injury, disability or death of an individual (not directly related to you) or caused damages to a third-party property.
Most policies also include provisions to add additional protection for the various secondary components of the vehicle, including electrical/non-electrical accessories, fog lights, stereo system, mats and seat cover etc. Implementation of bi-fuel injection systems, such as for CNG or LPG, can also be covered.
The following add-on covers are optionally available, and offer features that might not be entirely covered in the original, comprehensive car insurance policy. These optional car insurance add-on covers offer additional teeth, to your already loaded vehicle insurance policy.
The Car Insurance Add On Covers mentioned above are just the tip of an iceberg. Insurers, in their own capacity, offer many more add-on covers that add additional value to the existing comprehensive car insurance policy.
“Based on IRDA Annual Report 2014-15 on Business Revenue of Insurers”
If you scan across a multitude of popular media, the ICICI Lombard car insurance review will be found to be very encouraging and superior as compared to its immediate competition. A robust, customer oriented and hassle free insurance plan, the ICICI Lombard Car Insurance is designed for the busy, on-the-move Indian. Packed with such features as immediate online policy issue, on-road assistance at anytime and anywhere, over 3100+ network garages and a series of thoughtful riders including ‘Zero Depreciation Cover’ and ‘Accidental Cover for Co-Passengers’, this policy works hard to qualify as the ideal car insurance option for you. No wonder, the company is an absolute trendsetter when it comes to car insurance.
The car insurance packages from Bajaj Allianz are a very popular option with the everyday Indians who are proud owners of their very own set of wheels. Feature rich, customer centric, transparent with easy documentation, Bajaj Allianz Car Insurance comes with such irresistible features as cashless claims at over 1500 garages across India, competent 24x7 customer service, easy claims assistance and the option to purchase and renew the policy online. The handy Bajaj Allianz car insurance calculator available on our website, helps you pinpoint the exact dynamics of your investment and stay on top of things. The Bajaj Allianz Car Insurance is a solid loan option that has enjoyed immense popularity and support from the point of its inception.
The car insurance package from Reliance, one of India’s iconic conglomerates, is tuned to be highly customer oriented, hassle free and reliable. The list of features and benefits are many, including, limited documentation, cashless facility at 2100+ member garages across India, easy and hassle free claim settlement as well as comprehensive on and off the road insurance that is in line with international standards and configured to take minimum time, minimum efforts and impart maximum feedback and consequently, peace of mind. Reliance Car Insurance has managed to build a staunch following in India, comprising mainly of the busy, always mobile, quality conscious and technology driven Indians.
With such unique features as free car pick up in the event of an emergency, direct and hassle free settlement within 7 days, no claim bonus protection and coverage for non-core accessories like glass and plastic parts, Tata AIG was bound to be a key player in the car insurance segment- and the Tata AIG Car Insurance review from a plethora of satisfied customers amply proves this. The company is a collaboration between two business behemoths, the Tata Group and the American International Group, Inc. (AIG), thereby assuring that professionalism, domain expertise and quality are part of the deal when you purchase car insurance from Tata AIG. If you seek a robust, scalable and reliable insurance option for your cherished set of wheels, then Tata AIG Car Insurance is one of the best in the industry.
The age old adage of ‘with experience comes perfection’ sits well with the Royal Sundaram Insurance Company. Licensed since 2001, the Royal Sundaram Car Insurance is a feature rich package that pales its competition in terms of the sheer customer centric options offered. 1800+ cashless garage network across India, 24x7 claims assistance, unlimited claims for zero-depreciation cover and free roadside assistance in the case of emergency makes the car insurance policy from Royal Sundaram a definite advantage. Enjoy peace of mind, cut loose and stretch your car’s running legs with a policy that is designed to have you covered at all times. Burn some rubber without worrying about a flat tyre, a breakdown or accident, Royal Sundaram’s assistance is with you anywhere and everywhere.
A car insurance policy that’s designed to protect your car, and importantly its passengers and you; Bharti AXA Car Insurance is a clear crowd favourite. Based on a multitude of customer feedback, the car insurance can be pegged as being exceptional, extremely car owner friendly and with a short turnaround time in terms of claim settlements. The essential features of this car insurance policy includes cashless servicing at 2000+ network garages across India, easy 24x7 claim assistance that is backed by a hassle free claims settlement process, and a string of helpful add-on covers. As one of the most popular general insurance companies, Bharti AXA has established its credibility on the back of quality driven processes and adoption of their cherished customers’ concerns as the guiding light that prompts the introduction of newer insurance products. No wonder, when it comes to Bharti AXA car insurance review, there are cheers everywhere!
What happens when an Indian banking giant meets a world-beating general insurance pioneer? You get HDFC ERGO General Insurance and its premier product, the HDFC ERGO Car Insurance an insurance policy that is close to the popular public expectations, this car insurance comes loaded with lots of customer centric features and benefits. The list includes cashless claims service at 1600+ member garages across India, a dedicated and expert customer support team that’s always at your beck and call, easy and hassle free claims process and instant online policy issuance and renewals. HDFC ERGO has established itself as a premier car insurance product amongst the discerning Indian public.
Know More About Top Car Insurance Companies in 2016
In principle, the act of purchasing your car insurance online saves time, effort and the expenditure of money and patience, to varying degrees. Elaborating, the perks of latching onto a online car insurance policy are summarized as follows-
Hassle Free Process- Unlike visiting an actual outlet of the insurer, the online car insurance application process is simpler and quicker. Plus, there are no documents to submit or verifications to affect immediately. Thus, within a very limited, clearly defined steps, you are the proud owner of a comprehensive car insurance policy. All of this, from the comfort of your abode or the workstation at your office!
24x7 Coverage- The inherent speed of policy issue that is a principal characteristic of acquiring a online car insurance plan ensures that you are never without coverage. With the purchase of your car insurance online, get instantaneous policy issue with e-copies of the policy that can be accessed anytime, anywhere and printed out.
Everyone is Doing it- Most of the domestic and international car insurance providers operating in India provide the option to purchase or renew your car insurance online. It’s all about customer comfort, right?
The other benefits of subscribing to the e-route include the freedom afforded to you when choosing from a big list of insurers via their online profiles, and the option to conduct business the electronic way without involving money in its physical form. Bottomline, the manifestation of car insurance online is here to stay!!
A car insurance policy offers comprehensive protection and safeguards against legal hassles & expensive repairs in case of a mishap involving the insured car. Choosing the right car insurance can be quite tasking. Not all the policies available in the market gel well with your expectations. It is important to engage good amount of time and resources in learning about benefits & features of policies available in the marketplace to ensure you get the best car insurance policy.
Some of the key considerations should revolve around the following points.Claim Settlement Ratio
Money plays a pivotal role in choosing the right car insurance policy. At the end of it, we would like to have a policy that has the best features at a nominal price.
A customer friendly insurer understands that efficient customer support is key to customer satisfaction & invests fair amount of resources in building an efficient customer service team.
In addition to the above, smaller facets such as network garages & workshops, cashless benefits, brand value should be explored before buying a car insurance.
Car insurance protects the interests of a car owner and safeguards it against expensive repairs and damages caused to self, the insured car and third party. We must take utmost care while driving by following traffic rules and by navigating safely to our destination. Having said this, there can be an unfortunate accident involving the car resulting in damage and/or casualties. In such situations, the car insurance comes handy, helping you to meet the financial obligations relating to the mishap.
The claims procedure can be complex if you do not understand the dynamics surrounding it. Let us tell you more about how you can make it an easy experience.
In case of a major accident resulting in heavy damage to the car,
If the mishap involving your car resulted in damage or casualty to a third party that requires medical attention, shift the victim to a nearby medical facility immediately and call the insurer. The representatives will instruct you further on the action points.
If the car is stolen,
The modern world is online 24x7, affecting everything from shopping to clearing out EMIs with ease and reliability. Why must you wait in line to subscribe to a good car insurance policy? Banks has woken upto the advantages of offering car insurance renewal online and are ably supported by third party websites that compare the various available insurance policy products. The inherent procedure is as simple as-
In the modern context, purchasing car insurance online has emerged as a popular option amongst busy people, especially working professionals dwelling in the metros and other big Indian cities. Car insurance companies too have woken upto the latent potential of offering motor insurance online, hosting comprehensive web portals that simplify the procedures of gaining information, signing up and renewing car insurance policies through the magic of the World Wide Web. How can you purchase car insurance online? Read on…
The World Wide Web has simplified our lives in a whole range of ways- the option to buy car insurance online being one such uber convenience. Ditch the long lines and the confusion, compare and purchase your motor insurance policy online.
This is a very good question. Why bother with the chicken when you are a Vegan, right? Primarily, the following five reasons should answer your query:
Under the provisions of the Motor Vehicles Act of India, all vehicles that operate in public places must have a car insurance policy as a mandatory document. At the very least, the policy must cover ‘third-party liability’, that is, a cover in scenarios where your vehicle was the cause of an accident that resulted in injury, loss of property and/or death of a third party.
According to recent estimates, every 6th car crash in the world happens in India. This is staggering odds and a likely indication that your car could very well end up on the side of the road one of these days, after a brutal crash that could have resulted in injury, death and of course, massive losses in terms of repairs and replacements for your car. At that instance, the compensation and charges could run into several thousand or lakhs of rupees that may not be immediately available. However, with Car Insurance, there is complete peace of mind - paying a nominal premium today, to be tension-free when an unforeseen accident happens at a later date.
Accidents are stressful on their own without having to deal with the question of ‘What next?’ With your car insurance, comes your insurer’s expertise in handling these tense situations. Walking you through the claims process, helping you find a good garage and settling your claim on time - things that you will be thankful for when dealing with the aftermath of an unfortunate road accident.
Most Car Insurance policies offer coverage for injuries that might be sustained by you and your fellow passengers as a result of your vehicle’s accident. If not, personal injury protection can be purchased as an add-on feature. This acts as a powerful supplement to your health insurance - additionally covering for items that might not be covered by your health policy, including specialist care for accident-related injuries, dental repairs, funeral costs etc.
Just imagine, cruising on an open highway or wriggling through rush hour traffic without overtly worrying about the consequences (mostly financial) of a freak accident or an ‘innocent’ brush-up with an adjoining vehicle. Not having to pay for the mistakes of others. That’s mental peace - in it’s purest form!
In today’s fast paced world, getting things done online is nothing short of a divine boon. Car Insurance renewal online is today’s reality, and quite a popular one at that. Almost all car insurance companies in India provide their customers the option to renew their policies online, through simple net banking transactions, or the safe usage of credit/debit cards.
In the bargain, the customer saves valuable time, saves on the basic impetus of money as well as saves his/her often understated patience. The insurers on the other hand, offer this simple online renewal option and are assured of more inquisitive interest from their target audience, greater number of loyal repeat customers, and sizable savings in terms of setting up and maintaining the offline infrastructure. Online policy renewal is here to stay!
When it comes to finding the best Car Insurance policy that works for your specific requirements, all you can do is ‘compare, compare and compare’. Our expert customer support team is always at hand to help you with your queries, and our uniquely simple website pays loads of respect to your need for functional beauty, user experience and simplicity of operation.
Simply, follow the flow and discover the best Car Insurance in tow. We wish you a lifetime of safe and happy driving…and the comprehensive protection of a robust Car Insurance when bad times strike on the road.
Yes. According to prevalent motor vehicles laws in India, every vehicle plying on Indian roads must be insured.
Yes. Infact, the option to buy car insurance online is often highlighted by most compliant insurers as a surefire means to stay covered 24x7 and never run out of the applicable coverage.
When deciding upon the applicable premium amount, many factors are at play. Different companies charge different rates, based on differing criterias, when it comes to own damage cover. Also, deductibles and the IDV factor play a part when the premium amounts are decided upon. Shop around, and find a policy that best matches your requirements- ideally, avoiding a scenario wherein the premium might be less but the deductibles are high and the coverage and IDV are low.
No Claim Bonus, or NCB in car insurance is the benefit awarded to the insured for not making any claims during the previous policy period. Currently, this bonus ranges from 20% on the Own Damage premium upto a maximum of 50%. Note that this doesn’t apply on liability premium.
Yes. The applicable service tax is in line with the regulations set by the Insurance Regulatory and Development Authority of India (IRDA).
Getting a duplicate copy of your insurance policy is very easy. You could either approach your insurer’s office for the same or, if you have procured the car insurance online, print-out the soft-copy of the policy that was forwarded to you.
The Insured’s Declared Value (IDV) refers to the current market value of your vehicle as fixed by your car insurance company. The IDV comes in handy when claims are raised in cases of theft or total loss of the vehicle. Your insurer arrives at your vehicle’s IDV by pitting the manufacturer’s listed selling price against the commonly adhered to depreciation percentage.
Commonly offered as an Add-On, the Zero Depreciation Cover offers full settlement on your claim without the usual deduction affected for depreciation (or periodic reduction in value of the vehicle/automotive parts due to natural wear and tear caused due to normal usage). Deduction due to depreciation is a common factor with the normal car insurance.
Car insurance premium rates differ from one company to another based on their own internal protocols. The company calculates your premium based on these factors- a) The risk posed by you to the insurer, b) the insurer’s operational costs, c) the estimated money that the insurer is likely to pay as settlement through the year.
The simplest way to calculate your car insurance premiums is with a good Car Insurance Premium Calculator. While most lending banks offer this facility on their websites, competent third party calculators are also readily available.
Third party motor insurance doesn’t cover you and your vehicle. Its major purpose is to protect you against any liability that could arise from your vehicle’s involvement in an accident that led to the loss, damage, injury or death of third party property or individuals. Summing up, the following is covered-
Of course it is necessary to update your change of address at RTO as well as inform your motor insurer. You can get in touch with your insurance provider via their toll free number, email or in person. You can do this online as well. Just go to the official website and enter the details in the required columns.
After informing your current car insurance provider, please submit the documents mentioned below.
Being a safe driver, you certainly deserve a reward. But when it comes to earning it abroad, there are some slight variations to the eligibility. An insurance user can be granted a No Claims Bonus (NCB) on a new car insurance plan taken out in india as per the eligibility earned overseas. But this is applicable only if the scheme is taken out in india within three years of expiration of the international car insurance plan, depending on applicable provisions of NCB as per these rules and regulations..
This is exactly why third party cover is mandatory for all car owners. Car insurance is there to safeguard you when the unforeseen occurs. But when your own actions on the road cause a mishap, this cover becomes even more crucial. And yes, medical expenses are also covered in the third party car insurance, mandatory for all car owners.
Get complete information about the add-ons available to be integrated into your car insurance policy for additional coverage.
Set reminders for your car insurance renewal dates so you never miss your policy's renewal date. The early bird always stands to benefit.
False declarations will come back to haunt you. Your car insurance policy will lapse immediately if any incorrect information is found at any stage of your coverage period.
Some cars come with enhanced built-in security features such as anti-theft alarms, immobilizers and other systems that give potential thieves nightmares. With a low probability of theft, such cars can be insured for less premium. Note that only Automotive Research Association of India (ARAI) approved devices will fetch a 2.5% discount on your premium.
The city where a vehicle is registered determines premiums. Cars in metropolitan cities have to pay higher premiums as the incidence of vehicle thefts and accidents is higher.
Vehicle make and model and potential risk factors associated with it is a factor. For instance, some makes and models fare better in collisions than others so injuries to occupants and damage to the car would be less severe.
The insurance premium amount will always be less if you haven't made any claims before. The no-claim bonus percentage plays a major role in determining your premium amount. So think twice before scurrying to your insurer for a miniscule scratch or dent.
Additional cushions you may consider such as cover for CNG/LPG kits, key replacement costs, road-side assistance etc. will increase your premium amount.
BMW, the German carmaker is preparing to unveil the new 5 Series model which is to be unveiled at the CES (Consumer Electronics Show) in Las Vegas, Nevada, this year. The new 5 Series makes driving a hassle free task as the technology integrated into this car is derived from the company’s BMW Connected System and Open Mobility Cloud platform called BMW HoloActive Touch. This technology allows drivers to have complete control on the infotainment functions, vehicle navigation as well as communication functions. HoloActive Touch supports gesture control where this technology can be worked using gestures removing the need of any physical contact with the screen. Drivers can handover various tasks to this personalized and connected vehicle giving the driver the opportunity to work on other tasks like researching and buying a good car insurance for the vehicle. Open Mobility Cloud technology gives the vehicle’s occupants the option to connect their smartphones to the vehicle to plan out various navigation routes, set travel playlists and stay connected to navigation apps.
12th January 2016
While businesses across the country seem to be reeling following the demonetisation of high-value currencies, Volkswagen India looks to be striding while its competitors have been stumbling. Just in December, Volkswagen sold 4,348 units against 2,577 units in the same month last year - a tremendous 69% increase in sales. Michael Mayer, Director Volkswagen Passenger Cars India, credited the introduction of the Made-for-India Ameo and the GTI variants Polo and Vento for their boost in sales. To add to their glory, the Pune production plant recorded its highest production in a year. The production plant rolled out 1,451,45 units, a 12% increase from last year.
11th January 2017
Hyundai Grand i10 is performing really good in terms of sales in India. It is one of the best selling Hyundai cars in India. Hyundai stated that they have sold over 1 lakh Grand i10 cars in the financial year 2016-2017. During April to November 2016, they also exported around 33,500 units of Grand i10. Hyundai is now planning to launch Grand i10 facelift version in February, 2017. This version of Hyundai Grand i10 will come with cascading grille, revamped front bumper, and LED daytime running lights. Many banks are lined up to offer car loans and car insurance for the new Hyundai Grand i10.
10th January 2017
The German automaker, Volkswagen is preparing to launch the all-new Vento which will be based on Volkswagen’s Modular Transverse Matrix (MQB A0) platform. The launch is expected to take place in 2018-2019. The new Vento which was caught being tested in Brazil is rumored to have shed nearly 70 kg of its former weight and will feature sleek LED headlamps with daytime running lamps, along with alloy wheels. Other new features include increased interior cabin space, new LED tail lamps, freshly designed C-pillar and a new boot gate. The sedan is likely to be available in 3 variants which are a 1.4 litre MPI petrol, a 1.2 litre TSI petrol and a 1.5 litre TDI diesel engine. Buyers will have a choice between a 6-speed manual gearbox and a 7-speed DSG automatic gearbox.
9th January 2017
The new year has just begun but it will also bring with it, a number of automobile related issues which manufacturers must deal with. Revised emission norms, regulatory changes, and the demonetization drive launched by the government in Nov 2016 are just some of the issues that manufacturers must deal with in the coming months of 2017. Similar to last year, automakers are hopeful that once again, new launches will help save the day or year for them.
In 2016, the automotive industry has had to deal with a number of major hurdles. The ban on diesel vehicles and SUVs with an engine capacity exceeding 2,000 cc in the region of the national capital, the demonetization drive which commenced from November 2016 due to which deliveries of vehicle shipments plummeted following the cash crunch. The impact of demonetization is likely to last for much longer, experts predict.
Mr. Abdul Majeed from PricewaterhouseCoopers mentioned that the ambiguity concerning the implementation of the Goods and Services Tax is only going to add to the already bleak situation for automobile manufacturers in 2017. There could be plenty of knee-jerk reactions to the changes in the policy. Many other analysts are unanimous about the opinion that the first 3 months of the year are going to be quite a challenge especially for small cars, luxury cars and commuter two-wheeler segments, even if the latter half of the year may look up.
From April 1 onwards, Bharat Stage-IV emission norms will come into effect for commercial vehicles which may lead to a rise in pre-purchases of vehicles. However, given that the government has issued an advance announcement for the change, the spike in sales before April 1 may not entirely be likely. Other mandatory features such as anti-locking braking systems and dual front airbags for passenger vehicles are likely to be introduced from Oct 1 and may add another Rs 20,000 to vehicle prices.
Given that economic condition continue to be delicate in major importing regions such as South America, Africa, Middle East and developing parts of South Asia, cross-border shipments are not likely to improve in 2017 either.
6th January 2017
Maruti is going to launch a new generation Dzire by March, 2017. The production of Dzire Tour will stop to make way for the new generation Dzire. Currently, 3,000 units of Dzire Tour are being sold every month. Maruti is planning to introduce a striped down version of the new Dzire for the fleet segment. Maruti Suzuki also has the Ignis, Baleno RS, and an all new Swift to be launched in 2017. Suzuki owns 56% of MSI. It will supply 10,000 units of Baleno exclusively to MSI from the Gujarat plant. MSI has 2 units at Gurgaon, and Manesar with a total production capacity of 1.5 million units per year.
6th January 2017
By mid-2017, Tata Motors is planning to open virtual reality outlets where customers can interact with the sales executive with ease, and enjoy shopping for a car in 5D. At least one executive will be appointed per showroom, to attend to the customers, and collect data. With the novelty of a virtual reality store, the company expects more customers to visit. Customers will get the opportunity to experience car shopping in 5D. This initiative also means lesser expense on real estate for the showrooms, especially in Delhi, Mumbai and other metro cities where obtaining a good real estate can be difficult.
4th January 2017
On 31st March, 2017, the current President and Chief Executive of Mahindra & Mahindra Automotive, Pravin Shah will retire from his post. He is to be succeeded by Rajan Wadhera, who will be managing the buses, trucks, and the construction equipment business in addition to the automotive segment. Rajesh Jejurikar is chosen to be the President of M&M’s Farm Equipment department, while Ashok Sharma will become the President of the company’s agricultural division. All 3 men will report to Dr. Pawan Goenka, the MD of Mahindra & Mahindra Ltd. Post demonetisation, the company saw a decrease in sale of commercial vehicles, and passenger vehicles by 14.03% and 32.78%, respectively.
3rd January 2017
The American automobile manufacturing company, Ford is all geared up to launch the all new 2017 Ford EcoSport Facelift in the beginning of next year. The new EcoSport has distinctive exterior design and come with one-piece hexagonal grille in place of the previous split grille. They have also redesigned the headlights, fog lamps, and the front bumper. Gaadiwaadi reported that the launch of this car is expected by the third week of January. Ford has a massive manufacturing unit in Chennai. It is from this unit Ford cars are exported to other countries and distributed in india. Manufacturing work for the new EcoSport will start soon and so will the launch.
2nd January 2017
With hybrid and electric vehicles becoming increasingly popular worldwide, Japanese automobile giant, Honda, is likely to integrate the environment friendly trend in it’s business. According to reports, Honda is likely to soon roll out an electric powertrain for the Jazz, one of the popular hatchback’s from the manufacturer. The eco-friendly powertrain is likely to be part of the vehicle by the year 2020. Provided that the Jazz is also one of the highly popular hatchback’s in India, it could be one of the first model sold in India to include this eco-friendly feature.
30th December 2016