The best ways to save money while renewing car insurance online are:
• Compare online – You must compare all car insurance policies available in the market online. Most insurance providers have the option of renewing the policy online on their registered websites. The respective websites also allow you calculated the insurance premium using an online calculator, thereby making it easier to compare the deals and choose the best one online.
• No Claim Bonus – Do not forget to claim the NCB (No Claim Bonus), which is the discount on premium availed by the car owner if there are no claims made during the policy period.
• Know the value of your car – Knowing your car’s true value helps you save on the premium. By knowing the value and calculation the depreciated value of your car, you can negotiate the premium of the chosen car insurance policy.
• Understand terms and conditions of policy – Read the fine print of the policy carefully in order to avoid any excess payment without your knowledge.
• Ask for high deductibles – Requesting for higher deductibles during renewal of car insurance will help car owners bring down the premium amount.
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!
Car insurance is an insurance provided towards loss or damage of a vehicle such as a car, or commercial vehicle. It is a policy purchased by the car owner to mitigate costs incurred due to the accident that caused damages to the vehicle. Instead of paying through their own pocket, car owners pay premiums to an insurance company and the company pays most of the costs associated with the accident. The premium amount payable towards car insurance is decided by factors such as type of vehicle, age of the vehicle, age of the insured, insured declared value, etc. A car insurance covers for liability, property, and medical expenses. Although it is compulsory for vehicle owners to have insurance, some prefer to purchase additional insurance to ensure further protection.
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 Insurance accounts 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 Insurance doesn’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.
As cars are getting sophisticated with a heightened use of technology for safety and comfort, it is becoming difficult for after sales industry keep pace with the changes. The hardware and software of entertainment system in these upgraded vehicles constitute a set of complex computer codes and optimal designs. In a modern car, there are hundreds of units to control functions such as transmission, braking, navigation, etc. According to a report by the management consulting firm McKinsey, the use of advanced electronic components will rise significantly in the days ahead.
17th February 2017
On account of a weakening yen, Honda Motor Co. raised its annual profit forecast recently. Cost-cutting was another major factor in the rise in forecasts. Honda Motor Co is the third largest automaker in Japan. Honda has estimated that for this year through March, the company’s profit will reach 545 billion yen (approximately $4.82 billion). The operating profit forecast has also been raised to 785 billion yen, on account of its previous profit of 207.6 billion yen in October-December. Experts estimate that the company will post an annual net profit of 533.44 yen and an operating profit of 753.27 yen. Owing to the booming business in China with Civic and XR-V sales surging, the company has now invested in its 7th plant putting in $436 million.
16th February 2017
Tata Motors Ltd. intends to win back the competitive passenger vehicle market in India which seems to have been taken over by local rivals and foreign brands. Tata Motors has unveiled a dedicated vertical within its passenger vehicle business – TAMO, in an attempt to explore new business models and form partnerships for future innovative solutions. According to the company officials, Tata also aims at reducing the number of platforms from six to two in order to decrease complexities and bring down costs, and make the business more future ready. However, the officials did not comment on the plans for Nano
TAMO will serve as an open platform that will enable networking with global start-ups and leading firms to access latest trends, solutions, and innovation for future products and services. The first product by TAMO is expected to be a luxury sports car which will be premiered at the 87th Geneva Motor Show on 7th March. This sub-brand claims to have potential to transform Tata’s brand image and enable the company to connect with the gen-next consumers. Those interested in buying the latest from TAMO can compare car insurances online to bag the best deal.
15th February 2017
Private sector general insurer, Future Generali India Insurance has joined hands with Bank of Maharashtra (BoM) in a corporate agency tie-up. This tie-up will enable customers of BoM to buy products such as motor insurance, rural insurance, shopkeeper insurance, and home insurance from any of the 1,896 branches of the bank. MD and CEO of Future Generali India, KG Krishnamoorthy Rao stated that bancassurance is one of the significant avenues that help in distribution of insurance products to a wider audience. He also added that association with the Bank of Maharashtra will help the company in building a robust outreach network for its customers.
14th February 2017
Dun & Bradstreet has reported a steady growth in the auto industry which is said to continue into 2017. This growth is expected in all vehicle categories such as passenger and commercial vehicles and two and three-wheeler vehicles. The only factors that could pose a problem to this rise in growth is the status on society’s recovery from the recent note ban and the new reforms expected from the GST. Auto sales in India grew by 9.2% which was primarily because of the 9.6% rise in two-wheeler sales in 2016. Car sales saw a decrease of 7% in sales while the sale of commercial vehicles has grown by 7.8%. This positive sentiment follows the recent rise in demand for car and two-wheelers by the people in rural and semi-urban areas. Subsequently, insurance agencies have also seen a rise sales of car insurance and two-wheeler insurance policies.
13th February 2017
Maruti Suzuki plans on doubling the number of Nexa outlets in the country to 400 by 2020. This decision was made to meet the growing demand for the products offered by Maruti Suzuki. R.S. Kalsi, Maruti Suzuki India Executive Director of Marketing and Sales, has stated that by the end of FY 2016-2017, the number of Nexa outlets should reach a total of 250 to be on track with the company’s 2020 goal. Nexa has been used to sell Maruti’s premium products like the S-Cross, Baleno, and Ignis. Nexa showrooms have been conceptualized to entertain Maruti’s high-end customers. The premium cars are priced at affordable rates and if these rates seem too steep, car insurance agencies have come up with budget friendly policies to help you pick up your dream car.
10th February 2017
At the union budget, Finance Minister Arun Jaitley did not introduce any surprises for the automobile industry. According to the budget proposals, vehicle prices are unlikely to see any revisions in prices. The reduction in tax burden of individuals with income of Rs.2.5 lakh to Rs.5 lakh is being looked at as a positive move for prospective two-wheeler, small car, and tractor buyers. A big hike in infrastructure spend might see a spur in the commercial vehicle segment, which has been in a volatile state off late. Demonetisation has led to a sharp fall in sales of two-wheelers in the third quarter. With the GST expected to be implemented soon, the Finance Minister has not changed the excise duty structure.
9th February 2017
Sales of Maruti Suzuki India (MSIL) has gone up 26% in January with its domestic year-on-year sales rising to 1.34 lakh units from 1.06 lakh units in January in the previous year. According to Maruti, the volume-wise sales were accelerated by its compact segment model such as the Baleno, Swift, Celerio, and Ignis. This segment sold around 55,817 units in January this year, when compared to 44,575 units at the same time, last year. Meanwhile, the mini segment comprising of the WagonR and Alto recorded sales of 37,928 in January, growing 11% year-on-year from 34,206 units last year. The utility segment car models such as the Vitara Brezza, S-Cross, and Ertiga more than doubled its sales from 8,114 units last year to 16,313 this year. The mid-size sedan also showed a growth of 20%, while ‘Super Carry’, its light commercial vehicle, launched last year sold 166 units. With increasing number of sales, insurance companies have come up with great car insurance deals for these models.
7th February 2017
Tata Motors is looking at increasing their popularity among the masses by unveiling a premium line of dealerships like the Nexa dealerships which has been made popular by arch-rivals Maruti Suzuki. Tata Motors, who has manufactured and produced vehicles like the Tiago, Indica, and Nano, is now working on new models in the premium hatchback, sports utility vehicle, and executive sedan departments. Currently, the company sells all its vehicles from the same outlet. The price range of Tata Motors’ entry products and top-end products is quite wide when compared to Maruti Suzuki’s products. Maruti sells the Alto at Rs.2.5 lakh while the Hexa is sold at Rs.3.59 lakh and is sold exclusively at the Nexa chain of outlets. Mayank Pareek, Tata Motors Passenger Vehicle Business Unit President, has stated that the company is working on opening Nexa-like outlets when asked about it at the launch of Hexa.
7th February 2017
After being seen at a recent TVC shoot, the upcoming Honda City facelift was spotted yet again in India at a dealership yard. The model spotted was the ZX variant of the Honda City, which is the top-of-the-line variant. The identification was confirmed as it was seen with all the necessary badging. Owing to its frequent sighting, the model is expected to be launched in the first half of 2017. Honda has made some extensive changes on the car’s exterior with its front receiving the most number of updates. The bonnet has also been redesigned and given two muscular subtle lines. Sportier alloy wheels, restyled LED taillamps connected to a chrome strip, and wide, sleek grille and reflectors on both sides, are some of the updates on the side profile.
The Facelift model seems like an automatic variant, from its images. Considering the launch of the new-generation Hyundai Verna and Volkswagen Vento, later this year, it will be a good move if Honda introduces the City facelift as soon as possible. Car enthusiasts planning to buy the new City should start comparing car insurances online to bag the best deal when it is released.
6th February 2017