A bike insurance plan offers protection against liabilities that arise from injuries to the rider and the pillion as well as third parties, depending on the kind of policy you purchase. In order to purchase the cheapest two-wheeler insurance policy with adequate coverage, it is essential to compare plans between insurers.
|Bike insurance price list||Best two wheeler insurance||Types of Bike Insurance||Bike Insurance Benefits||Insurance Add-on Covers||two wheeler insurance renewal|
Insurance companies offer several incentives to prospective customers in the form of long-term bike insurance policies, No Claim Bonus (NCB) benefits, etc. Mentioned below are some of the best two-wheeler insurance policies that are available:
|Two wheeler Insurance provider||Incurred Claim Ratio||Personal Accident Coverage||No Claim Bonus|
|Bajaj Allianz Two Wheeler Insurance||62.20%||Coverage up to Rs.1 lakh for the owner-driver||No Claim Bonus (NCB) benefits|
|Bharti AXA Two Wheeler Insurance||81.74%||Available as an add-on cover for owner-driver and the co-passenger||NCB of up to 50% and Up to 2.5% discount for installation of security devices|
|Reliance Two Wheeler Insurance||81.47%||Available as add-on coverage||NCB benefits|
|Liberty Two Wheeler Insurance||69.62%||Available for the owner-driver||Discounts at renewal and NCB benefits|
|IFFCO Tokio Two Wheeler Insurance||79.19%||Available||NCB benefits (as high as 50%)|
|ICICI LOMBARD Two Wheeler Insurance||77.44%||Available||NCB benefits (as high as 50%)|
|Universal Sompo Two Wheeler Insurance||80.66%||Provides compulsory personal accident coverage for owner driver||No Claim Bonus (NCB) is offered for claim-free experience|
|United India Two Wheeler Insurance||91.72%||Available for the owner-driver. It can be extended to passengers||NCB ranges between 20% and 50% based on the number of claim-free years.|
|Oriental Two Wheeler Insurance||68.19%||Available for the owner-driver||For claim-free years, NCB is offered on the premium of the new policy|
|New India Assurance Two Wheeler Insurance||86.95%||Available for up to Rs.1 lakh for the owner-driver||No Claim Discount is offered at the time of policy renewal and this ranges from 20% to 50%|
|National Insurance Two Wheeler Insurance||79.68%||Available for owner-driver. It can be extended to passengers||No Claim Bonus is offered for claim-free years|
|Magma HDI Two Wheeler Insurance||81.71%||Cover of up to Rs.1 lakh is available. It can be extended to passengers||No Claim Bonus is offered for claim-free years (as high as 50%)|
Riding your bike without a valid two-wheeler insurance plan is considered illegal. Two-wheeler insurance policies are designed to offer financial coverage against unfortunate events and accidents that could damage the insured two-wheeler, or bodily injuries to the rider, the pillion, or pedestrians, or damages to the property of a third party. With a proper bike insurance policy in place:
Some of the key features of the two-wheeler insurance policy offered by National Insurance are mentioned below:
You can take a liability coverage that will only cover liability to third parties
Shriram General Insurance’s two-wheeler insurance will cover your vehicle for accidental damage or loss due to theft. They provide comprehensive cover for damages caused by accidents, riots, terrorist acts, and even natural calamities.
Some of its key features are:
SBI General Insurance offers two-wheeler insurance that covers the mandatory third-party liability. It also offers discounts for insuring the vehicle and renewing it without any breaks. However, the policies will not cover any damage that is caused by normal wear and tear.
Some of their key features are:
United India Two-Wheeler Insurance offers two options, the Package Policy and the Liability Only Policy. The difference between the two is that the first one covers damages to your vehicle and third-parties while the second one only covers liabilities to the third party.
Some of their key features are:
Royal Sundaram offers comprehensive two-wheeler insurance that covers you and your vehicle by providing own damage cover and personal accident cover. They can be reached at 1860 425 0000 in case a claim arises.
Some of their key features are:
Magma HDI provides two-wheeler insurance for both new and used vehicles. The policy covers both, third party liability and loss or damage to your vehicle too. It also offers features like NCB and personal accident cover.
Some of their key features are:
The two-wheeler insurance offered by Reliance General Insurance comes with features like cashless repairs and optional cover to replace helmets. The policy can be renewed/taken for up to 3 years at a time. It even offers 3 EMI payments for vehicles that are under repair, as an add-on cover.
Some of their key features are:
There are two kinds of two-wheeler insurance policies, viz. comprehensive plans and liability-only plans.
|Comprehensive Insurance:||Third-Party Liability Insurance/Liability-only insurance:|
|A comprehensive two-wheeler insurance policy, although not mandatory, is highly recommended for all bikes. This insurance plan offers extensive coverage to the bike and its owner. It also protects policyholder from legal liabilities to third parties in an accident.||A third-party liability insurance plan provides coverage against losses or damages caused by the insured two wheeler to a third party or his/her property. Two-wheeler Owner may also receive coverage in the form of a personal accident cover, but no coverage will be provided for the theft or any damages.|
It is mandatory as per law to have an insurance policy that covers third party liabilities at least. This is according to the Motor Vehicles Act, 1988. Third party insurance offers this coverage. Third-party insurance is most common in motor insurance policie. Any third party involved in the accident will be provided coverage under this policy. IRDAI will be evaluating the damages before deciding if the claim is valid or not. The following are the coverage of a third-party two-wheeler insurance plan
*Personal Accident Cover is provided in the third-party liability insurance plans offered by some insurers. Refer to the policy document to know more details.
|Loss or damage incurred due to natural and man-made calamities||❌|
|Any damage or loss due to theft||❌|
|Personal Accident Cover||❌|
|Any loss or damage to property owned by a third party||✅|
|Any loss or injury to a third-party involved in the accident||✅|
Apart from the legal aspects, third party insurance can be very useful in case a third party or a third-party property is involved in the incident. The victim in the accident can register a case to claim compensation. This is where third party insurance comes into play. This will cover all liabilities that will arise due to death or damage to third party or third-party property.
A third-party insurance will cover any damages or injuries incurred by a third party or third-party vehicle at the time of an accident. Any damage to property belonging to a third party will also be covered under this policy. This policy will not cover any damages incurred by the vehicle of the policyholder. You will have to purchase a comprehensive motor insurance policy if you wish to get this coverage.
A comprehensive insurance policy covers damage, loss, or theft of your two-wheeler. Comprehensive insurance policies cover any damages incurred by the owner of the two-wheeler. Opting for a comprehensive insurance policy is not mandatory like the liability only cover. Here are the features of a comprehensive two-wheeler insurance plan.
|Loss or damage incurred due to natural and man-made calamities||✅|
|Any damage or loss due to theft||✅|
|Personal Accident Cover||✅|
|Any loss or damage to property owned by a third party||✅|
|Any loss or injury to a third-party involved in the accident||✅|
Comprehensive insurance policies will not cover any damages caused due to electrical or mechanical breakdown or the normal wear and tear of the vehicle. Coverage will not be provided if the vehicle is driven without a valid driving license at the time of the incident. Damages incurred while driving under the influence of alcohol or any other intoxicant shall not be covered under a comprehensive two-wheeler insurance policy.
Unlike the liability only insurance, there are several add-ons you can opt for to improve the coverage. Roadside assistance return to invoice, pillion rider, and zero depreciation are some of the popular add-on covers available. Even though a comprehensive insurance policy is more expensive when compared to a liability-only policy, the amount of coverage offered under this plan will help you save a lot of money in case you meet with an untoward incident. Comprehensive insurance policies are the best option to choose as the policy offers extensive coverage when compared to liability only policies.
A comprehensive two-wheeler insurance policy is the best type of plan available for bikers. It provides comprehensive protection against damages to your vehicle as well as damages to the vehicle or property of a third party. It also protects the policyholder against the theft or loss of his/her two-wheeler. However, the premium for a comprehensive policy is much higher than that of a liability-only policy. It is advisable for all inexperienced riders to opt for a comprehensive insurance policy for their bikes.
The following are the key features of a two-wheeler insurance policy:
You can choose the kind of coverage you require from liability only and comprehensive two-wheeler insurance plans. The Indian Motor Vehicles Act has made it mandatory for all vehicles to be covered by a liability only policy. It provides coverage against wear and tear of your two-wheeler. The following are the factors you should consider when purchasing two-wheeler insurance:
Customers who wished to purchase or renew their bike insurance plan, until recent years, would be given a cover note instead of the policy itself. They would receive the original policy document only after a few days as insurers would mail it to their address at a later date. Thanks to advancements in technology and quicker banking facilities, nowadays, you can get a digitally signed policy from the insurance company as soon as you make the payment.
In case you purchase a new two-wheeler, transferring the No Claim Bonus is a process that has been made relatively simple by insurance companies. The bonus is transferred in the name of the owner or the driver of the vehicle, and not the vehicle itself. The No Claim Bonus is given to drivers and vehicle owners because of the safe driving practices followed by them and not making any claims in the previous year(s).
Optional covers include increased cover for accessories and spare parts, personal accident cover to protect pillion riders, zero depreciation cover, etc. You can purchase these covers at a nominal fee and increase the level of protection for your vehicle. These covers come in handy in times of unfortunate or unforeseen events.
Insurance companies that are approved by the Insurance Regulatory and Development Authority of India offer discounts for a few factors like membership of reputable automotive associations, lower premiums for vehicles fitted with approved systems such as anti-theft devices, etc. Even those who have two wheelers and have an unblemished record are eligible for discounts in No Claim Bonus.
Bike insurance plans can be purchased and renewed online with relative ease. Many insurance companies also have mobile apps that make it convenient for customers to purchase or renew their policies. Considering the fact that all details of the policy are stored in the database, the renewal process is relatively simple and happens very quickly.
The following are the main benefits of comparing two-wheeler insurance policies:
One of the biggest benefits of comparing two-wheeler insurance policies is that it can help you save a lot of money by helping you purchase the most reasonably-priced policy.
When you compare two-wheeler insurance policies, you expose yourself to various options. Reading the features and benefits of the various options at your disposal can help you find the best policy.
When you compare insurance policies, look for add-on covers as they will enhance the level of coverage offered to you.
Comparing the Insured Declared Value (IDV) offered by an insurance company will help you make an informed decision when purchasing a two-wheeler insurance plan.
Read more about 6 Benefits of Two Wheeler Insurance Renewal
Selecting the right two-wheeler insurance policy can be a tedious task as it involves a lot of research and comparison. There are various insurance companies around the country and picking one that caters to your unique insurance needs can be a tough thing to do. Mentioned below are the elements that you must consider while comparing multiple two-wheeler insurance policies:
Here are a few things that must be checked when comparing two-wheeler insurance plans:
The covers for bike insurance are usually of two kinds, comprehensive cover and liability only covers. While a large number of people go for liability only policies due to the fact that they are mandatory under the Indian Motor Vehicles Act, a comprehensive two-wheeler insurance policy is a better option as it comes with many benefits. When comparing policies, it is crucial to first understand what kind of cover you need.
Insurance companies across the country offer add-on features or optional covers that increase the level of coverage provided by the base policy. These covers could be additional features that take care of wear and tear of the two-wheeler, offer accident cover for co-passengers, etc. Some covers like zero depreciation come in handy as they ensure that you do not incur extra costs on depreciation of parts of the vehicle.
Several insurance companies across India are very customer savvy in the sense that they have designed a number of features and benefits that aid customers in the claims process. For example, all insurers have a 24/7 customer care support that makes it easy for customers to get assistance at any time. The customer care support facility can help you get the best advice on renewals, claims, NCB transfer, etc.
Considering most insurance companies are customer-oriented, their claims process is relatively simple, and you can file claims with no hassles. The entire claims process includes a few steps like intimating the insurer about the claim, filing a FIR with the nearest police station, transporting the two-wheeler to the garage, furnishing the necessary documents along with the claim form, etc. In many cases, the insurer tends to cover all the costs incurred as a result of an accident, with the owner of the vehicle having to bear certain expenses that are not covered by the insurance policy, such as the taxes and service charges. Considering the complexity of the claims process, you can take help from the insurance company.
Insurance companies have made it relatively easy for customers to renew their motorcycle insurance policies online. In case your policy has expired and you do not wish to renew it as you want to purchase another policy, you can do so easily on the website of the company from which you purchased the plan.
When you compare two-wheeler insurance policies, it is advised that you go for companies that provide concessions and discounts for certain factors like membership of reputed automotive associations, no claim bonus (NCB), inclusion of anti-theft systems, etc. Some companies also offer extra discounts on online renewal, purchase of a policy using a credit card etc.
In order to check details of the bike insurance policy online, you will need to visit the official website of the insurer. You can check the premium as well by entering details of the two-wheeler such as the registration number, year the bike was manufactured, NCB, etc.
Most insurance companies have their own two-wheeler insurance premium calculators that make it very simple for you to calculate the premium applicable to your bike. All you need to check your premium online is to ensure that your vehicle is registered with the Regional Transport Office, and your premium will be calculated by the system
Considering the number of two-wheeler insurance companies in the country, and the quality of products and services offered by each of them, purchasing the right kind of two-wheeler insurance plan can be quite difficult. It is for this reason that portals such as BankBazaar are designed, so that you find it easy to make the right choice. Comparing two-wheeler insurance plans on online portals is quite simple. You just have to enter the details regarding the two-wheeler, like the make, model, the year in which it was purchased, the location of the RTO, etc. After entering these details, you will have to ask for quotes and the insurance policies made available by the top insurance companies will show up on the screen.
When you purchase a two-wheeler insurance policy, you get covered against unforeseen circumstances that could make you incur major expenses. While comprehensive two-wheeler insurance policies offer basic insurance coverage, going for optional riders or add-on covers will significantly increase the level of protection afforded to you. Most insurance companies offer add-on covers with their bike insurance policies. Each add-on cover has its own benefits, thereby allowing you the luxury of choice to pick only the ones that will suit your unique insurance needs. The following are the optional riders to choose from:
Personal Accident Cover for Pillions: When you supplement your bike insurance policy with a personal accident cover for the pillion, your financial liability can be lowered significantly in case of accidents where the pillion rider is injured. This add-on feature provides coverage for the death or permanent or partial disability of the pillion rider.
Roadside assistance: By purchasing the roadside assistance add-on cover, you can avail roadside assistance at any time in case of a mechanical failure or the breakdown of your vehicle. This feature offers facility such as free towing, immediate repairs, etc. and it comes in very handy especially when you are travelling to a remote place where it could be difficult to find help.
Accessories cover: Having this add-on cover will provide coverage for all the accessories of the two-wheeler, electrical or non-electrical. In case any of the accessories of the vehicle are damaged, the rider will cover the cost to repair or replace it.
Consumables cover: The consumable cover can be of great help when it comes to receiving compensation for costs incurred on nuts, bolts, engine oil, etc. Since consumables are not covered under basic two wheeler insurance policies, purchasing this optional rider will ensure that you are financially covered for the aforementioned costs.
Zero depreciation cover: Whether you purchase a liability only insurance policy or a comprehensive two-wheeler insurance policy, the whole claim amount will not be settled by either of them. Depreciation is deducted by the insurance company and only the remaining amount is paid out. Supplementing your bike insurance policy with a zero-depreciation cover, however, will eliminate the depreciation factor and you will be eligible for the whole claim amount.
Daily cash allowance: The daily cash allowance add-on cover is ideal for those who commute solely on two wheelers. In case your bike is seriously damaged and is undergoing repairs at a garage, you may have to incur out-of-pocket expenses to travel without it. Adding the daily cash allowance cover to your two wheeler insurance policy will mean that your insurer will give you a certain amount of money per day to meet your travel expenses.
Engine cover: The engine cover can come in very handy if the engine of your two wheeler or the ancillary circuit gets damaged because of flooding or waterlogging. Considering the cost of repairs to engines can extend to several thousands of rupees, the engine cover will cover these expenses and allow you to have total peace of mind.
Return to invoice cover: When you purchase a two wheeler, there is always a risk that it could be stolen. Since the value of every machine depreciates over time, the value of your bike will be relatively lower after a period of, say, six months. However, purchasing the return to invoice cover to supplement your motorcycle insurance policy will mean that you will be reimbursed the actual value of the vehicle in case it is stolen or suffers total loss due to natural calamities or theft.
Since each of the aforementioned riders has its benefits, you can pick as many options as you want to extend the level of protection available to your two wheeler. These riders are available for a nominal fee and come in very handy in times of emergency.
The policy document will cover all the inclusions and exclusions of your motorcycle insurance plan. Generally speaking, the following are the inclusions and exclusions of a two wheeler insurance policy:
The following are the general exclusions of a two wheeler insurance policy:
|Not exceeding 75cc||Rs.427|
|Exceeding 75 cc but not exceeding 150 cc||Rs.720|
|Exceeding 150 cc but not exceeding 350 cc||Rs.985|
|Exceeding 350 cc||Rs.2,323|
The renewal of your 2 wheeler insurance policy can be done with relative ease online. Insurance companies across the country have their own websites where you can login and renew your bike insurance policy. In fact, many insurers have also tied up with mobile payment vendors to make it more convenient for customers to renew their policies. Moreover, the technologically advanced companies have their own mobile applications that make it very simple for bike owners to purchase and renew their policies online. The following are the most common methods to renew your bike insurance policy online:
Since all major insurance companies have their own websites, you can simply log in to them and follow the instructions to renew your bike insurance online. All you have to do is ensure that you enter the correct information regarding your policy as well as your personal details into the system. The old policy must be with you when you are renewing it as it will be easier to refer for details like old policy number. Your net banking details and your debit/credit card must also be kept handy so that information can be entered quicker and your renewal process is smooth and hassle-free. Insurers usually generate digital policies in the PDF format once you pay the premium when renewing your plan. The PDF can be saved on your system but make sure that you take a print out and keep the document with you when you ride.
If you wish to take the old-fashioned route, you can visit a branch of the insurance company to renew your two wheeler insurance policy. While the process of renewing your bike insurance plan at a branch of the insurance company is simple, you will have to take the time out to physically visit the branch. You will have to carry your old policy along with details regarding the vehicle so that you can fill them out in the application form. When you renew your insurance policy at a branch office, the new policy will be handed to you immediately if the premium payment is made by debit card, demand draft, or cash. Paying the premium by cheque will mean that it will take some time to clear so your policy will be sent to your residential address by mail at a later date.
Since many insurance companies have launched their own mobile apps or tied up with mobile payment vendors, renewing your bike insurance policy is as easy as it gets. The applications request certain information such as the registration number of the vehicle, the name of the manufacturer, the make and model of the vehicle, etc. The apps also need details of your policy, such as the name of the insurer, the policy number, etc. By filling in these details and paying the premium, your motorcycle insurance policy can be renewed quickly and without any hassle.
The way to identify the best two-wheeler insurance company is to look at premium you will have to pay vs the coverage you are getting. Before you settle on one company, make sure you compare your options. Another thing is to look at the incurred claim ratio, which is the percentage of claims that the company has paid vs the ones they received.
You can pay the premium for the insurance online using your credit or debit cards. You can also make the payments using net banking. If you are at the company’s office, then you can even pay by cash.
Some of the main things that will be covered are:
Yes. According to the Motor Vehicles Act of 1988, it is mandatory to have insurance with third-party cover. Not having one could result in a fine and legal action too.
If the bike insurance has expired, you will need to renew it. You can do so online or by visiting your insurers office. Generally, you will get a reminder.
No, the IDC cannot be increased.
Yes, anyone can buy a two-wheeler insurance online, or from an offline source, for a vehicle that may not necessarily be their own.
When it comes to modified two wheelers, the two-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.
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.
Yes, you will be eligible to make a claim even if your policy has expired, if the damage took place during the policy tenure.
Yes, you can procure your no-claim bonus on an expired policy within 90 days after your policy lapses. Your no-claim bonus will not be given to you if you do not renew your bike insurance policy within 90 days after it expires.
Bounce Infinity E1 e-scooter has been launched in India. This electric scooter will be available for purchase with and without a battery. Bounce Infinity E1 is available at an ex-showroom price of Rs.79,999 with the battery pack and charger.
If you want to buy this e-scooter without the battery, you will have to pay Rs.67,999 along with a monthly subscription fee of Rs.849 for leveraging the battery swap network. You will also be charged an extra fee of Rs.35 for every battery swap. Bounce Infinity E1 will be available for Rs.56,099 if you choose the second subscription with a monthly fee of Rs.1,249 plus Rs.35 per battery swap.
Buyers in Gujarat can opt for the second subscription plan and purchase this e-scooter for Rs.36,099 without the battery pack. You can book Bounce Infinity E1 with an online payment of Rs.499. The deliveries of the e-scooters will begin from March 2022.
7 December 2021
Despite the slowdown in the economy because of the COVID-19 pandemic, Hero Electric continued to remain at the top in the electric two-wheeler market. The market share of the company is almost at 36% with more than 4 lakh EVs currently on-road. According to a statement given by Hero Electric, over 65,000 scooters were sold by the company since January 2021. The number of EVs sold in India has reduced because of the high prices and the lack of charging stations. Several campaigns and initiatives will be hosted by the company to create awareness about EVs.
3 December 2021
Given the remarkable growth in sales over the last five months, Ather Energy announced that it will set up its second plant in Hosur, Tamil Nadu to scale up production and meet the surging demand for the escooters i.e., Ather 450 Plus and Ather 450X. The new plant which will be in the vicinity of the facility that went live earlier in the year will have a total annual production capacity of 280,000 electric scooters. It will give Ather Energy a cumulative annual production capacity of 400,000 units. The second plant is expected to go live in 2022
It needs to be mentioned here that Ather isn't the only player talking about producing electric twowheelers at a large scale. Hero Electric has announced it will ramp up operations to have an annual production capacity of five lakh units while Ola Electric has previously revealed it will have a capacity of ten lakh units in Phase 1 of its Futurefactory setup.
2 December 2021
Shriram City Union Finance Ltd. (SCUF) has recently announced that the company has crossed the milestone of having 1 crore registered customers in the two wheeler financing sector. The milestone was reached during the festive season this year.
The NBFC currently stands at an assets under management valuation of Rs.30,425 crore. Out of this valuation, two wheeler financing covers about 22% of the total valuation. The NBFC has also posted a 10% growth in the Q2 net profit. The company has also announced that although the company had hit the first 50 lakh customers base over a period of 50 years since 2002, it has hit the other half of the registered customers over a period of 4 years only.
1 December 2021
Ola Electric is facing a lag in the production of the newly launched S1 and S1 Pro e-scooters owing to global shortage of semi-conductors.
The company has notified its customers earlier that the deliveries of the first batch of the scooters will begin only by mid-December. The company has also announced that the second purchase window will open for buyers next year as it is struggling to deliver the first batch itself. An email has been sent out to the active bookings which also mentions the opening of the second purchase window to be placed in the upcoming year.
29 November 2021
Bounce, the e-scooter rental company, will launch its own e-scooter, called the Infinity, on 2 December with bookings starting on the launch date and deliveries starting next year. Bookings can be made with Rs.499 initial payment. The e-scooter will have a removable and chargeable Li-ion battery. However, there is also the option of buying the e-scooter without the battery while using the battery-swapping network of Bounce. Empty batteries can be exchanged for a fully charged one at a nominal price.
25 November 2021
Ather Energy will be going for an initial public offering (IPO) within two years which was previously supposed to happen in the coming 4-5 years. The two-wheeler electric vehicle startup is planning to achieve an annual revenue run rate of $3 billion within 24 months.
16 November 2021
Tata Power and TVS Company have signed a Memorandum of Understanding (MoU) to implement the Electric Vehicle Charging Infrastructure (EVCI) across the country. Solar power technologies will also be deployed at TVS Motor locations under the agreement. This aims to increase electric two-wheeler penetration across the country. TVS iQube Electric customers will also gain access to a charging network powered by Tata Power through the Tata Power EZ Charge mobile application and the TVS Motor customer connect mobile application. Apart from the AC regular AC charging network, there will also be a DC fast-charging network established for electric two-wheelers to get charged.
26 October 2021
Hero Electric has announced that it will increase the production of its scooters by 5 lakh units annually by March 2022. With a target of 50 lakh scooters produced annually by 2026, the company is planning to increase annual capacity of its scooter production by 10 lakh units on an annual basis till then. In July 2021, it had sold 4,500 e-scooters, which is an increase of 10-fold from the 399 units sold in July 2020. In the first half of the year 2021, a total of 15,000 electric scooters were sold as compared to 3,270 scooters that were sold in the first half of 2020. The company is also set to launch ''experience centres'' in major cities across India in a bid to promote electric scooters.
19 October 2021
The procedure for setting up of Registered Vehicle Scrapping Facility (RVSF) has been announced by the Ministry of Road Transport and Highways. A clearance portal, which will be just a single window, will be set up in the next two months. An RVSF can be registered for up to 10 years and renewals can be done for up to 10 years at a time. The centers will have access to the database of the government platform Vahan. They will be authorised to issue a Certificate of Scrapping and Certificate of Deposit. Vehicles can be scrapped across states in India irrespective of which state they were registered in.
13 October 2021
Royal Enfield commemorated the spirit of motorcycling by organising the 10th edition of its global ride event called ‘One Ride’ on 26 September 2021. The event covered 35 countries, inviting individuals who share a passion for riding.
One Ride encouraged the riding enthusiasts to follow responsible travel practices. Furthermore, Royal Enfield introduced a behaviour change campaign to raise awareness and encourage riders to carry their own trash and avoid single-use plastic while travelling. The campaign also aimed at supporting local businesses and communities.
Royal Enfield is working towards bringing a change in local communities in Ladakh by supporting 60 homestays, providing electrification to 682 rural houses etc.
5 October 2021
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