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  • Two Wheeler Insurance

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    With insurance being mandatory for all two wheelers, shopping for the perfect policy that meets all their needs and also doesn’t break the bank premium-wise is at the top of a bike/scooter owner’s mind.

    After looking at insurance policies and reading the fine print to narrow down on the one that suits a customer’s needs, he/she will have to also consider how to pay for the policy.

    Insurance companies have come to the rescue through two wheeler insurance premium calculators, which allow customers to ascertain the amount they would have to pay towards the insurance premium.

    Insurance premiums have been on the upswing and get more expensive with each passing year, making this a very handy and helpful tool.

    Premium calculators also allow the customer to get multiple quotes, enabling him to make an informed choice taking into account the cost of the policy as well as its features.

    Two wheeler Insurance premium calculator operates on a simple premise, where certain information is to be inputted, based on which the calculator will display the premium cost.

    A number of insurance companies have online premium calculators, making it easy for customers to access this information wherever they are.

    A premium calculator will require the following information:

    • Make and variant of the two wheeler.
    • Existing policy information (if already insured).
    • Vehicle registration number.
    • Type of policy (liability only/comprehensive).

    Based on the above, the calculator will generate a quote as per the information provided.

    It is to be noted that in case of riders being added to the policy, the premium amount will increase commensurate to the rider premium to be paid.

    When looking for a bike insurance plan, the premium amount is something that most customers base their purchase on. Insurance companies issue premium quotes for liability only as well as comprehensive insurance policies. Certain factors play a key role in the calculation of the final quote and insurance premium to be paid. Given below are the 5 major factors affecting two wheeler insurance that insurance companies take into account when calculating a premium quote:

    • Vehicle type: the two wheeler vehicle type is measured by its cubic capacity (cc). Two wheelers are classified into 3 categories with regard to the cubic capacity of a vehicle- 0-150 cc, 150-350 cc and above 350 cc. The higher the two wheeler’s cc, the higher the premium to be paid.
    • Geographical area: premium rates are governed by geographical area, with certain areas like metro cities attracting a higher premium. Living or working in an area prone to theft and vandalism would also result in a higher premium.
    • Type of coverage: the coverage being opted for also determines the premium amount, with liability only (or third party insurance) being relatively cheaper than comprehensive insurance.
    • Applicant demographics: some insurance companies look at the applicant’s age, gender and marital status when calculating premium, on the understanding that a middle-aged applicant is less likely to be a speed demon and would possess better riding skills, thereby resulting in lower risk for the insurer.
    • Past insurance record and history: applicable in case of a policy renewal, the past insurance record and riding history such as accidents, number of insurance claims etc. are considered at the time of premium calculation.

    Owning a two wheeler in India requires one to buy insurance for the vehicle. Most two wheeler insurance policies are for a 1 year period, meaning owners have to renew premiums each year. With the rising cost of premiums, this results in a significant dent in finances.

    Shopping for a good two wheeler insurance policy that offers the requisite amount of coverage and is affordable is not always easy, but there are ways to get the cover required without having to pay a hefty sum for it.

    Given below are some ways to reduce bike insurance premium without sacrificing on the insurance coverage:

    Ensure a clean riding record: the safer the rider, the lower the premium. Insurers prefer riders who are less likely to make a claim or be involved in an accident. No insurer wants to keep paying for damages due to collisions or accidents and companies reward customers who have maintained a clean riding record with lower premiums.

    Riding association: members of riding associations enjoy additional discounts on insurance premiums by virtue of their memberships, with some insurers waiving off up to 5% of the premium amount.

    Enhance vehicle’s security: protecting the insured vehicle against theft and burglary results in a lowering of the premium amount payable as there is a lesser likelihood of the vehicle being stolen or vandalised. Invest in ARAI-approved security features to be eligible for lower insurance premiums.

    Avoid small claims: scratched the paintwork or dented the metalwork? Avoid filing a claim for such repairs as insurers pay big rewards to customers who do not file a claim during the policy tenure. Minor repair work can be funded by the owner, thus increasing the chances of receiving a discount on the next year’s premium through No Claim Bonus.

    One-time payment: paying the premium amount in full at the time of buying the policy could result in savings. Some insurers charge a lower amount if customers pay the entire premium amount at one go instead of opting to pay in instalments.

    Bundle policies: insurers are more likely to provide a discount if customers buy more than one policy from them. If possible, explore other insurance options from the same insurer such as auto insurance, home insurance etc. to avail a discount on the premium amount.

    Having bought a two wheeler insurance policy, two wheeler owners have to ensure they renew the policies regularly to avoid penalties or fines. Most two wheeler insurance policies are renewable annually, meaning vehicle owners have to keep track of policies and renew them before they lapse. You can also renew lapsed two wheeler insurance policy.

    Nowadays, multi-year two wheeler insurance policies are also gaining in popularity, with policy tenures of up to 3 years. You can opt for long term two wheeler insurance policy.

    In both cases, though, the policy has to be renewed or a fresh policy has to be purchased from another insurer.

    The hassle of long queues or spending half the day at the insurance company’s office with a large sheaf of documents is a thing of the past now.

    With online transactions becoming the norm nowadays, insurance companies too have streamlined their processes, allowing customers to buy and renew insurance products online.

    Most insurance companies offer online renewal of two wheeler insurance policies, with many also setting reminders so customers do not miss renewal deadlines, which could cause them inconvenience.

    Two wheeler insurance renewal online can be done in a few minutes, and is a quick and efficient way to stay insured. Customers have to merely log in to their insurance company’s website and initiate the renewal process.

    Customers can opt to change their coverage type as well, depending on their coverage requirements.

    Information such as the existing policy number, policy type, vehicle registration number and owner details would have to be provided for verification and authentication purposes.

    Once the policy has been selected, the premium can be paid through net banking, debit/credit card.

    Once the payment has been realised, an acknowledgement will be sent to the customer within a matter of minutes.

    The new policy can also be saved/downloaded or printed, providing the owner a ready reference to the terms, if required.

    An additional hard copy will also be mailed to the policyholder by the insurance company.

    Policy Coverage Two Wheeler Insurance
    Personal Accident Cover Yes
    Third party liability Yes
    Damage/loss due to natural calamities Yes
    Damage/loss due to man-made reasons Yes
    Damage/loss due to driver being intoxicated No
    Damage to tyres and tubes No
    Regular wear and tear No
    Depreciation or consequential loss No
    Damage/injury caused by rider without a valid license No
    Damage/loss due to war, mutiny, nuclear energy causes No

    A good insurance policy is an effective shield against the uncertainties of life. A good 2 wheeler insurance is solid protection against a number of unexpected events that negatively impact your bike or scooter. What are these ‘events’ against which your vehicle holds protective coverage?

    The primary list is as follows-

    • Damage or Loss of Vehicle due to Natural Reasons- These include fire, self-ignition, lightning, flood, cyclone, landslide, earthquake, frost, inundation, etc.
    • Damage or Loss of Vehicle due to Man-made Reasons- These include theft, riot, strike, terrorist activity, malicious acts, damage caused when transported by road, rail, elevator, etc.
    • Personal Accident Cover- The applicable conditions include injuries caused when driving, travelling on, mounting and/or dismounting from the 2 wheeler. The coverage amount ranges upto Rs.1 lakh. Also, this cover is available to co-passengers as an option.
    • Third Party Liability- This coverage applies in cases wherein your two wheeler was involved in or caused an accident that resulted in the injury, death and/or damage to third party. This coverage isn’t applicable to you, but the unfortunate victim of an accident that involves your two wheeler.

    The following conditions aren’t usually covered as per the bike insurance coverage:

    Kindly note that this is a generalized list, and banks in their own capacity can impose additional exclusions.

    • Depreciation or any consequential loss.
    • Breakdown of the mechanical or electrical nature.
    • Normal wear and tear due to normal usage and ageing of the vehicle.
    • 2 Wheeler being used in ways that violates the terms set in the limitations as to use.
    • Injury to driver and/or damage to vehicle when driven without a valid license.

    When looking for insurance cover for two wheelers, customers can choose between liability only and comprehensive cover. So what is the difference between the two types of cover, and which of the two is better suited to provide protection? The type of insurance would depend on the individual buyer and his needs.

    • Liability Only Policy: a liability only policy would provide basic protection that is mandated by law. This protection extends only to the third party and will cover the cost of any damage, partial or permanent that could arise due to an accident on incident involving the insured two wheeler.

    Liability only policies also offer personal accident cover for the owner up to a fixed amount in the event of an accident leading to a partial or total disability or resulting in the owner’s death.

    However, in the case of any damage to the insured vehicle, the insurance company is not liable to pay for any repairs or cover any costs associated with the vehicle.

    • Comprehensive Policy: on the other hand, a comprehensive policy provides protection in the event of any damage done to the vehicle as a result of an accident, natural or man-made calamity as defined in the policy document.

    A comprehensive insurance policy also provides insurance coverage to the owner and co-rider in case of partial or total disability or death.

    Comprehensive insurance policies cover minor as well as major damage to the vehicle due to unforeseen circumstances as well as total loss of the two wheeler due to the circumstances covered in the policy document.

    Thus, a liability only policy provides financial protection in case of injury or damage to a third party or the third party’s property while a comprehensive insurance policy covers everything from repairs to personal accident coverage for the owner.

    Compare and Choose Best Two Wheeler Insurance Policy

    With no dearth of two wheeler insurance policies from which to choose from, a vehicle owner could end up swimming in policy terms and benefits for days on end while trying to research the perfect policy. Given below is a representative list of some of the more popular and benefit-rich best two wheeler insurance policies currently available.

    Bajaj Allianz: Bajaj Allianz offer customers comprehensive coverage at an affordable cost. Customers can opt for an annual policy or a 3 year policy. Customers can enjoy instant claims assistance and a transfer of up to 50% of the No Claim Bonus from any other insurer as well as a hassle-free and smooth claims service.

    Tata AIG: one of the largest insurers in India, Tata AIG offers customers free vehicle pick up in the event of an accident and provides a 6 month guarantee for accident repairs done at their network garages. Additionally, they assure 7 day claim settlement as well as provide complete protection in case of natural or man-made calamities.

    ICICI Lombard: with over 2,900 partner garages across India, ICICI Lombard assures customers of service no matter where they are. The company provides premium discounts to Automobile Association members and policy tenures up to 3 years. With a number of add-on covers at a nominal additional charge, ensure rider and vehicle safety.

    New India Assurance: with a high claim settlement ratio and a large partner garage network, New India Assurance guarantees quick claim settlement and an array of add-on covers to keep both vehicle and rider safe and secure.

    Buying two wheeler insurance used to consist of visiting various insurance companies and submitting scores of documents to get quotes and finally comparing the quotes and repeating the process to purchase a policy. However this is a thing of the past thanks to online insurance.

    Insurance companies now offer two wheeler insurance policies online at the tap of a few buttons with the entire process being facilitated online. Thus, customers can look up policy types, scan through each policy’s features and benefits, submit their documents as well as pay for the policy all from the comfort of their home. Buying a fresh policy can be done by entering the relevant information such as the vehicle registration number, owner’s details and any other information required by the insurer. The premium payable will be reflected on screen and the customer will be provided an option to choose the policy type and any add-on covers, if desired.

    On selection, the required documentation can be uploaded or will be collected from the customer’s place of residence/work and processed and the policy can be purchased hassle-free.

    Buying a bike insurance policy online has a number of advantages attached to it, as given below:

    • Convenience: customers can look for policies whenever and wherever they are at their convenience.
    • Accessibility: with insurance companies putting up all policy related documentation online, customers can go through the policy minutiae at their leisure and make an informed choice.
    • Ease of use: online policies are simple to buy, with insurers outlining the buying process in simple and easy-to-follow steps.
    • Ease of purchase: customers can pay for their policy or policy renewal online through net banking, credit or debit card, making it an instant payment.
    • Secure: the online insurance purchase process is safe and secure, with companies providing a secure payment gateway and encryption to ensure the complete security of any online transaction made.
    • Assistance: insurance companies offer online assistance through customer service and live chat to customers who might have any queries regarding the insurance purchase or policy.

    In the event that the policyholder meets with an accident or wishes to file a claim, there is a set process which is to be followed.

    A claim is an intimation sent to the insurer notifying them of an accident, injury or activity that involves the insured vehicle for which the insurer is to extend financial support to cover.

    Insurance companies have outlined the claim process in simple, easy-to-follow steps to ensure policyholders can file their claims in a convenient and hassle-free manner. Insurance companies have also speeded up the claims process so customers are not left languishing waiting for a decision on their claim.

    Claims can be filed for accidents, breakdown/mechanical failure or damage to the vehicle provided it is covered under the policy.

    The claims process consists of the following:

    • Reporting of the claim to the insurance company.
    • Filing of the claim form and documentation related to the claim.
    • Verification and processing of the claim form.
    • Approval and release of payment.

    When filing a claim, the customer is required to follow the steps mentioned below:

    • In case of theft, an FIR is to be filed detailing the extent of the theft (parts, cost etc.)
    • In the event of an accident involving the insured vehicle, the owner is required to call the 24X7 customer support number provided by the insurer.
    • The accident is to be reported and any injured parties or property damage is to be noted as details of the same have to be shared with the insurer.
    • The customer service executive will note down relevant information and provide a tracking number, which is to be used when filing the claim. In case of damage to the vehicle, information on network garages/hospitals will be provided.
    • In the event of property damage/injury to a third party due to the insured vehicle, an FIR is to be filed at the nearest police station.
    • The insurer will then contact the owner of the vehicle and notify him/her of the procedure.
    • A verification call will be made and any additional information regarding the incident is to be relayed.
    • A claim form (available online/at the insurer’s branches) is to be filled in mentioning details of the incident with documentation attached.
    • Documents in the form of the vehicle’s registration certificate, the rider’s driving licence, an FIR copy (if applicable) are to be submitted along with the claim form.
    • If a third party has registered a complaint, documents pertaining to the complaint such as a legal notice are to be submitted as well.
    • An expert from the insurance company will perform an assessment and the claim will be approved based on this assessment.
    • Following verification, the insurance company will process the claim and release payment for the repairs directly to the garage and any other expenses arising out the accident to the relevant parties.
    1. How can I check the status of my two wheeler insurance policy?

      The status of a two wheeler insurance policy can be checked through the website of the insurance company or by contacting a branch and providing details such as the policy number, policyholder’s name etc.

    2. What is the fine for riding without valid two wheeler insurance?

      Using an uninsured two wheeler or one whose insurance has lapsed will result in a fine of Rs.1,000.

    3. What is the validity of a two wheeler insurance policy?

      A two wheeler insurance policy is valid for 1 year, 2 years or 3 years depending on the tenure of the selected policy.

    4. How to renew expired two wheeler insurance?

      Expired two wheeler insurance can be renewed by choosing a two wheeler insurance policy, having the vehicle inspected, filling the form and paying the requisite premium.

    5. Can I buy a 2 wheeler insurance policy for a vehicle that doesn’t belong to me?

      Yes. Anyone can buy a two wheeler insurance online, or from an offline source, for a vehicle that may not necessarily be their own.

    6. Are modified 2 wheelers eligible for such insurance policies?

      When it comes to modified 2 wheelers, the 2 wheeler insurance only applies to vehicles that have been modified for use by handicapped individuals. In such instances, a discount of 50% is applicable on the own-damage premiums, as offered by many Indian insurers.

    7. What are the factors that impact the applicable 2 wheeler insurance premium amounts?

      • Type of 2 wheeler
      • Age of the vehicle
      • City where registered
      • Coverage period (when <12 months)
      • Any applicable discounts
    8. When must I report an accident to the police?

      Incidents that resulted in third party property damage, bodily injury to self, bodily injury or death of third party and theft must be reported to the nearest police station and an FIR generated. This document will be crucial in the ensuing claim process.

    9. If I have to take a two wheeler insurance policy, what documents will i be required to submit?

      If you wish to buy a two wheeler policy online, there is only minimum documentation which you are required to provide. You will be required to provide the details of your previous two wheeler insurance policy, the Registration Certificate details of your vehicle.

    10. What do you mean by a No Claim Bonus (NCB)?

      An insurance policy holder, you are entitled to a No Claim Bonus (NCB) only at the time of renewal of your policy, after it has expired following a full 12 month period. In case you have not made any claims on your policy while it was active, you are entitled to a No Claim Bonus, which will be provided to you based on a pre-determined tariff. You can earn a No Claim Bonus on the Own Damage section of your policy which covers all classes of vehicles. NCB is not applicable on Motor Trade Policies which cover road transit risks, road risks, and internal risks. Also, it is not applicable on motor policies which only provide cover against fire or theft related risks.

    11. Can I get a copy of my TWI policy online? If yes, will that soft copy of the policy serve as a valid / original insurance document?

      Many insurance providers now allow customers to apply and generate a policy online. If you have applied for your policy online, you can easily log on to the insurance provider's website and click on your profile. Here, a soft copy of your insurance policy will be available which will also serve as a valid policy document.

    12. What are the various scenarios / circumstances under which I can make a Personal Accident Claim?

      A policy holder can generally make a Personal Accident Claim only if the policy is in their (policy holder's) name, making the policy holder the registered owner of the vehicle and has a paid driver / unnamed passenger / owner-driver Cover.

    13. What are some of the primary factors which will affect or help reduce my Two Wheeler Insurance premium?

      Some of the common factors which canaffect or reduce your two wheeler policy premium are:

      • Add-on covers taken over the policy
      • Whether you have taken a Comprehensive Cover or Third Party Cover
      • Vehicle's Cubic Capacity (CC)
      • Vehicle Model type
      • Place of Registration (Zone A / Zone B)
      • Age of the vehicle
      • Insured Declared Value (IDV) i.e. the present market value of the vehicle.
    14. What do you mean by Cashless and Non-­cashless / Reimbursement claim?

      A Cashless Claim does not involve any physical exchange of cash during claim settlement. The insurance company directly pays the garage (if it is under the insurer's garage network) for the charges involved in the repair of the vehicle.

      A Non-Cashless / Reimbursement Claim is one where the policy holder has chosen a garage which is not part of the insurer's listed network of garages. Here, the policy holder will be required to make bear the cost of repairs done to the vehicle, which will be later re-imbursed to the policy holder by the insurance provider, on submission of the original receipts or bills.

    15. I have purchased accessories for my vehicle while my policy is underway. Can I get these accessories insured between the ongoing policy term?

      Yes, insurance providers usually allow policy holders to obtain additional cover for any accessories which may have been fitted later on. All you need to do is send your insurance provider a written request for the same and also share the details of the accessories which you have gotten fitted. Cover for accessories is likely to add to your existing premium cost.

    16. What is meant by Total Constructive Loss in Two Wheeler Insurance?

      In case of an accident where repairs to the vehicle cost more than the present value of the vehicle itself, such an event is termed as a Constructive Total Loss.

    17. Can I make a claim, for an event that has taken place during the term of the policy, after the policy has expired? Will the claim be valid?

      Yes, you will be eligible to make a claim even if your policy has expired, if the damage took place during the policy tenure.

    18. What do you mean by Nil Depreciation?

      Nil Depreciation is a special component of motor insurance policies wherein the cover entitles you to a full (100%) replacement on the parts of the vehicle which have undergone depreciation at the time of settlement of the claim. This does not include tyres and tubes. Nil Depreciation cover may be provided by the insurer only on select models of vehicles, with/without an age limit.

    19. Following an accident, my vehicle has not sustained any serious damage. What would I gain if I do not file for a claim in this case where the damages are not serious?

       If the damage sustained by your vehicle following an accident is minimal, it is advisable not to make a claim as it will help contribute towards obtaining a No Claim Bonus for a claim-free year. Further down the line, if you haven't made any claim on your insurance policy for a few years, it can reduce your insurance premium by half.

    20. How will my Two Wheeler policy be affected if I change my job or change my location?

      If you plan to move to another location or change your job, your insurance policy remains more or less unaffected. You will need to provide your insurance provider with the updated details regarding your job, address, contact details, etc. Also, another thing which might change is your insurance premium. Insurance premiums are determined, among other factors, on the basis of the zone of the vehicle. All major metro cities like Mumbai, Pune, Delhi, Hyderabad, Bangalore, Kolkata, Ahmedabad, and Chennai are categorized as Zone A cities. Rest of the cities are categorized under Zone B. So, in case you are moving from a Zone b city to a Zone A city, then your insurance premium is likely to increase.

    21. In 2 wheeler insurance terms, what is meant by electrical and non­electrical accessories in ? How is their value calculated?

      Electrical accessories may be defined as any accessories which are powered electronically. Electrical accessories which are not part of the vehicle's standard equipment and have been fitted additionally, can be easily covered by payment of an extra premium.

      Non-electrical accessories may include accessories like seat covers, foot rests, etc., which are not factory fitted. These can also be covered on the payment of an extra premium.

    Read Two Wheeler Insurance news or Enjoy it on the go Google Play

    • Sales of Domestic Passenger Vehicles Hits Four-Year High

      The sales of domestic passenger vehicles increased by 19.92% in September, equalling the highest volumes in nearly five years. The utility vehicles segment contributed significantly to these figures and SIAM (the Society of Indian Automobile Manufacturers), released a statement in September, revealing that the number of passenger vehicles sold in the ninth month of 2016 was 2,78,428 in comparison with the 2,32,170 units sold in September last year.

      Sugato Sen, the Deputy Director General of SIAM told the media that the sales represent the accumulation of inventories for the festive season. Moreover, a number of car manufacturers in the country have resolved capacity problems leading to the supply of certain models that experience high demand. Individuals who purchase two- or four-wheelers are expected to also purchase motor vehicle insurance.

      18th October 2016

    • Sales of Two-Wheelers and Cars Increase by 20% in September

      The sales of passenger vehicles increased by 20% in September when compared with the same month a year ago. It was also the highest growth recorded in the sector in almost five years. The hike was mainly due to record sales by Maruti Suzuki as the company had 47% of the market share so far as car sales were concerned. The company’s sales increased by 29% following its sale of 1,37,277 cars, as reported by Business Standard. The sale of motorcycles increased by 16% while the sale of scooters increased by 30%. Analysts suggest that the reason for the increase in sales was high demand thanks to the festive season in addition to vehicle manufacturers providing lucrative discounts to customers.

      17th October 2016

    • New Scooters Set To Debut in 2016-2017

      The line-up of scooters set to debut in 2016-17 on Indian roads is out, with the Hero Zir 150 leading the pack. Touted as a sporty scooter that packs in 12.9 Nm of torque, it is seen as a breakthrough in the scooter segment.

      The Honda PCX 125 is another upcoming entrant that comes with automatic transmission and multi-function console among other features.

      The TVS Dazz DFI is another scooter set to make its India debut in the coming months. Equipped with an electric start and torque of 8.7 Nm, the scooter also offers a maintenance-free battery.

      The scooters’ releases are eagerly awaited by customers, as they promise to shake up the current scooter market. Two wheeler insurance companies are also closely awaiting the launches, as insurers look to raise policy numbers.

      15th October 2016

    • Festival Season Sparks Cheer For Auto Sector

      The automobile sector has seen strong growth thanks to the ongoing festive season, with companies registering double digit growth in some cases.

      The two wheeler and four wheeler segments have both seen growth, with two wheelers registering 21% growth and four wheelers surging by 20% for the month of September, making it the third straight month of surging sales.

      The strong growth in the two wheeler market is due to the high sales figures posted by Hero MotoCorp and TVS Motors. According to market figures, the demand for scooters rose by 30.60% and by 16.33% for motorcycles.

      The sale of three wheelers, used primarily for transport and as passenger carriers, posted a growth of almost 5%.

      The increase in sales of vehicles has proved to be beneficial to two wheeler insurance companies, who are also posting sales increases.

      14th October 2016

    • Sales of Two-Wheelers and Cars Increase by 20% in September

      The sales of passenger vehicles increased by 20% in September when compared with the same month a year ago. It was also the highest growth recorded in the sector in almost five years. The hike was mainly due to record sales by Maruti Suzuki as the company had 47% of the market share so far as car sales were concerned. The company’s sales increased by 29% following its sale of 1,37,277 cars, as reported by Business Standard. The sale of motorcycles increased by 16% while the sale of scooters increased by 30%. Analysts suggest that the reason for the increase in sales was high demand thanks to the festive season in addition to vehicle manufacturers providing lucrative discounts to customers.

      12th October 2016

    • Bosch Decides To Manufacture Anti-lock Braking System for two wheelers in India

      German multinational engineering company, Bosch, has decided to implement smart manufacturing at all its 15 manufacturing units in India. They are planning to introduce Industry 4.0, the current trend of automation and data exchange in manufacturing technologies, which is in line with the company’s global strategy. Andreas Wolf, EVP, Bosch, stated that they have already implemented Industry 4.0 in Germany and in several parts of Europe. Wolf further stated that India is well prepared for digital transformation since out 30,000 employees working in Bosch India, 17,000 work for the technology unit. According to him, the recent amendments made to the Motor Bill calls for many changes in the automobile industry and Bosch will help in manufacturing better automobile parts that will help the end user meet these regulations. Bosch India is currently working on manufacturing anti-lock Braking System (ABS) for two-wheelers. The manufacturing process will be carried out at Chakan plant in Pune from April, 2017. As the government has made ABS mandatory for all two wheelers with displacement of 125 CC or more from April, 2018, Bosch India is aiming to be the leading ABS manufacturer for motorcycles in India.

      11th October 2016

    • Electric Two Wheeler Industry Witnesses New Highs

      The electric two-wheeler market posted magnificent growth figures of close to 40 percent with a whopping 22,000 units being sold last year. For an industry in its nascent stages, the growth figures are evidently more than impressive. The industry has picked up steady steam, especially in the wake of countries seeking to reduce the extent of carbon emissions. With the Indian Government launching key reforms such as NEMMP (National Electric Mobility Mission Plan) and FAME (Faster Adoption and Manufacture of Hybrid and Electric Vehicles), the electric two-wheeler market has been given perhaps the perfect fillip. With a number of startups including Ather Energy, Ampere and Auro Robotics seizing the opportunity in an upcoming market, it remains to be how soon the electric two wheeler industry will propel itself to the next level in due course of time.

      3rd October 2016

    • Spurt in Premium Bike Sales

      Premium motorcycles have seen high sales volumes off late, with the sector growing by leaps and bounds. The premium bike sector, which comprises of bikes over 150 cc and below 500 cc are now being seen as the much needed margin booster for two wheeler manufacturers.

      Over 580,000 units of these bikes have been sold till August of this year, an increase of a whopping 66% from the previous year. In comparison, overall bike sales rose a mere 12% for the same period.

      The growing demand for these bikes is the riding experience, with the technology and speed the bikes afford enticing many enthusiast and first time bikers to these bikes.

      The Bajaj Pulsar, Hero MotoCorp’s Karizma, MR and Xtreme are among the bestsellers in this category.

      The ease with which two wheeler insurance is now available has also contributed to the growing sales in this segment.

      3rd October 2016

    • ICRA Expects a Remarkable Growth in Two Wheeler Sales

      In its recent report, the ICRA has stated an expected rise in two wheeler sales this year. The credit rating agency considers festival offers, OROP and the 7th pay commission as primary reasons for this growth. Economic gains of a positive monsoon and healthy crop outputs too have significant impacts on the same.

      The growth rate of the two wheeler industry is reported to be around 16 percent in the first quarter of the year. However, it is noted that the demand from rural areas is high chiefly due to poor public transport services. The report also mentions that with more women joining the workforce segment, the sale of scooters is expected to climb further.

      2nd October 2016

    • Peugeot Motorcycles Announces its India Leg of Paris-Saigon Ride

      The India edition of the Paris-Saigon ride was flagged off from Kolkata on September 30, and it will reach Manipur riding across uninhabited areas of the North-East. The Mahindra owned Peugeot motorcycles is sponsoring this ride and it will replicate the same concept of the Paris-Saigon ride of August.

      These expeditions are inspired by an event that dates back to 1956, when two naval officers had decided to travel on Peugeot Scooters from Saigon to Paris. However, when the same was reproduced in August 2016 to commemorate the historic journey, it was routed in the opposite direction i.e. from Paris to Saigon.

      2nd October 2016

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