Popular Indian Car Brands

What are the Popular Indian Car Brands?

Some of the top Indian car brands in India are Maruti Suzuki, Toyota, Mahindra, Tata, and many more. Here is a list of some of the popular Indian car brands along with the price range: 

What are the Factors to be Considered While Buying a New Car?

The following are some of the significant factors that should be considered before buying a new car:  

• Cost of the car: Before making a purchase, make sure to consider the price factor. As the on-road price of a car exceeds the showroom price after some add-ons, such as car insurance, registration of the vehicle, maintenance, and many more.  
• Style of driving: Consider your driving style before making a purchase, as investing in an SUV would be a waste of money if a slow ride is your preference.  
• Test drive to ensure the car fits all your requirements: Make sure to test drive the car before you shortlist any specific model or car brand. Test driving will provide a detailed insight into the functionalities and will help you decide whether the car suits your requirements or not.  
• Documents required for purchase:   

There are some basic documents that every car owner must carry while driving the car, which should be considered before you purchase a new car. Here is the list of documents that car owners must carry:  

1. Car insurance copy  
2. Driving license  
3. Car’s registration card  
4. Pollution Under Control (PUC) certificate  

5.  Process of registration:

Make sure to register your vehicle at the nearest Regional Transport Office (RTO) to obtain the registration number, number plate, and registration card to avoid penalties or fines while driving your vehicle on Indian roads. Here is the list of documents that should be carried for the registration of the vehicle:  

1. Proof of identification  
2. Proof of residence  
3. A current photograph of the vehicle owner  
4. Form 34  
5. Form 22 (PUC certificate)  
6. Form 21 (Sales certificate)  
7. Form 20   

6.  Maintenance requirement: Ideally a new car requires maintenance at an interval of every three months. Check the maintenance details about the car from the store to ensure that you do not face any hiccups while using the vehicle and experience smooth driving. 

Tips to Avoid Mistakes While Buying a New Car:

Here are the tips to avoid any mistakes while making a purchase of a new car: 

1. Undervalued modern safety measures: Indian cars are loaded with modern safety measures that support smooth and safe driving. Most of the customers fail to understand the detailed features and that leads to confusion as to what to look for in the new car. Make sure to consider the following safety features while purchasing a new car:  

1. Antilock braking systems (ABS)  

1. Electronic stability control (ESC)  
2. Side airbags with head protection, etc.  

1. Never miss your test drive: Never avoid the test drive as it offers better clarity about the functionalities of the car. This will also help you understand whether the vehicle fulfills your requirements.  
2. Never negotiate and price down the listed price: Never bargain based on the listed price or the sticker price, as you may end up getting a price down with minimal or zero profit. 

How to Calculate the Car Insurance Premium? 

The following are the factors that are considered before calculating the premium of the car insurance: 

1. Ex-showroom rate 
2. Insured Declared Value (IDV) 
3. Depreciation 
4. Third Party Premium 

1. No Claim Bonus Discount 
2. Own Damage Premium 
3. Goods and Services Tax (GST) 
4. Net Premium 

The formula for calculating the car insurance premium is: 

Own Damage Premium - (No Claim Bonus + Discounts) + Third Party Liability Premium (as set by the Insurance Regulatory Authority of India)