THIRD PARTY CAR INSURANCE
VinFast set to drive into India with locally assembled cars
VinFast, the EV arm of Vietnam's biggest conglomerate Vingroup, is expected to launch its first locally assembled car during the 2025 festive season. It is likely to sell its vehicles in the ₹25-30 lakh range, placing them in the premium affordable segment of India's burgeoning market for EVs. The models are likely to have a range of 300-500 kilometres.
Third Eye: Om Birla praised by SP MP, Ram Gopal Yadav faces Delhi rain chaos, and Parliament security hurdles
Newly elected Samajwadi Party MP from Rampur, Mohibullah Nadvi, recently met Om Birla to congratulate him on his re-election as Lok Sabha Speaker. Meanwhile, heavy rains lashed Delhi, causing waterlogging in several areas, including residences of Parliament members like Ram Gopal Yadav. Additionally, the December 2023 security breach at Parliament has resulted in increased security measures, making entry tougher for journalists and visitors.
What Is zero depreciation in car insurance?
Car owners are advised to drive responsibly to save on insurance premiums and claim settlements. The concept of zero depreciation insurance ensures full invoice value payment during claims. This add-on is beneficial for new, luxury, or frequently-driven cars, and those in high-risk areas.
Car dealers feel the load as sales slow, inventory piles up
Passenger vehicle makers seek a 90-day credit cycle extension from auto financiers due to pressure in retail and sales channels amid slowing sales.
Why might an insurance company deny your claim during the monsoon?Sandeep Saraf answers
A comprehensive policy does not guarantee that all flood-related damages will be covered. Multiple types of damages can occur during a flood, such as engine damage, electrical damage, interior damage due to water seepage, or gearbox damage. A normal comprehensive package covers these to some extent, but not 100%. We recommend a few add-ons for every customer purchasing a car insurance policy.
Modi oath-taking: Overseas Friends of BJP to celebrate PM Modi's third swearing-in across 22 US cities
Supporters of Indian Prime Minister Narendra Modi are organizing celebrations in 22 US cities to mark his third swearing-in. Overseas Friends of BJP-USA is coordinating events in cities like New York, Washington DC, and Los Angeles. The group plans to strengthen India-US relations and advocate for voting rights for overseas Indians.
Consumer stocks have edge over capex-linked ones after shock poll verdict
Indian consumer-focussed companies are likely to shine, while capital spending-linked firms could suffer as the government shifts its policy focus to support lower-income segments, fund managers and analysts said on Wednesday, a day after a surprise result in the national elections.
Will China become the cat among India's EV pigeons?
Chinese electric vehicles are causing concern in the US and Europe due to their affordability and efficiency. The US has responded by imposing tariffs on Chinese EVs and lithium-ion batteries. India may now become a target for Chinese EVs. Stellantis is considering manufacturing Leapmotor's electric vehicles in India to avoid tariffs.
Top stolen vehicles of 2023: Why do Hyundai, Kia cars head the list in U.S
Social media trends on stealing cars have led to a surge of stolen Hyundai and Kia vehicles, according to the latest reports.
Zoomcar eyes onboarding 20,000 cars by end of FY25
Zoomcar, a car sharing platform, is set to expand its fleet by over 5000 cars by the end of FY24 and 20,000 cars by FY25. The expansion aims to meet the growing demand for self-drive car rentals, promote economic stability, and foster entrepreneurial spirit in communities. Zoomcar has partnered with industry leaders like Cars24, ACKO Drive, Spinny, and Droom to make car sharing more accessible and cost-effective. With over 10 million verified guests, hosts can earn up to Rs. 7 lakhs per year on average.
Election uncertainty could hurt Indian auto sales in May, dealers' body says
Despite consumer interest, the ongoing elections in India have an influence on automakers' sales. Modi's bid for a third term has unsettled the market. Despite worries about voter turnout, cash constraints, and financial regulations, the auto industry is cautiously confident, as sales growth is supported by steady gasoline prices and celebratory purchases.
These car modification could void your insurance
Indian car owners are increasingly modifying their vehicles, but it's crucial to inform insurers about any changes to avoid potential issues with insurance coverage in India.
Why you should renew your car insurance policy on time?
Renew car insurance promptly to comply with the law, avoid financial burdens, and maintain benefits like no-claim bonuses. Online services simplify the process, ensuring continuous coverage and hassle-free renewals.
Zoomcar aims to onboard more cars on supply side via third-party tie-ups
Zoomcar has partnered with Delhi NCR-based used-car marketplace Cars24 on February 7 to aid its hosts in fleet expansion and increase earnings from car sharing.
IRDAI issues series of regulations, tweaks regulation on surrender charges
IRDAI (Insurance Products) Regulations, 2024 merge six regulations into a unified framework aimed at enabling insurers to swiftly respond to evolving market demands, enhancing the ease of conducting business, and boosting insurance penetration. These regulations promote good governance in product design and pricing, including strengthening the principles governing guaranteed surrender value & special surrender value along with disclosures thereof, IRDAI said in a statement.
Understanding liability in vehicle insurance: What car and bike owners should know
Choosing the right vehicle insurance in India involves understanding liability coverage, comprehensive plans, and exclusions. ACKO provides tailored coverage, add-ons, and competitive pricing for comprehensive protection and peace of mind.
Delhi tops cities with highest car thefts: Here are the 3 notorious locations and most common days for theft
Once again, Delhi has secured the top spot for car thefts, with Bhajanpura and Uttam Nagar identified as the most susceptible regions. According to a recent study by Acko, Shahdara, Patparganj, and Badarpur have emerged as additional high-risk areas. Chennai and Bengaluru trail behind in vehicle theft statistics. In 2023, incidents of theft have doubled, resulting in one vehicle being stolen every 14 minutes in the NCR.
Insurers need to check mis-selling of their products to customers: Insurance Ombudsman Delhi
Insurance Ombudsman for the Delhi region, Sunita Sharma, emphasized the need for insurance companies to prevent incidents of mis-selling. Sharma, a former LIC MD, stressed the importance of treating customers well and avoiding mis-selling practices. She noted that companies often engage with customers until the free look period, disappearing afterward, making it challenging for customers to claim mis-selling after that period.
Tesla launches official API documentation to support third-party apps
At this moment, the API only covers the command that you can send to your car through the Tesla app, and it can ping the data from your car that goes to the app, reports Electrek.
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