Mahindra & Mahindra Ltd. started its operations in India in 1945 and now serves a large customer base with their automotive needs across all the continents.
As per the Motor Vehicles Act of India, it is mandatory for every car owner to avail at least a third-party insurance. Having a car insurance also protects you against any unforeseen liabilities as a result of road mishap.
A number of insurers provide Mahindra insurance in India, a few of them are listed below:
Mahindra houses the following vehicles:
There are two kinds of car insurance available for Mahindra:
A comprehensive car insurance policy covers the third-party liabilities as well as own damage liabilities that you incur due to the mishap.
A third-party car insurance policy covers only third-party liabilities that you incur due to a mishap.
You can purchase or renew your car insurance online or offline depending on your convenience
You can buy a car insurance or renew your existing one via the insurer’s official website or any of the third-party insurance websites.
You can also avail a car insurance or renew your soon-to-expire car insurance policy by visiting the nearest branch office of the insurer or meeting with an insurance agent.
The claim process for Mahindra car insurance involves the following steps:
Mahindra Car Insurance comes with a number of inclusions and exclusions, a few of them are listed below:
There are a number of add-ons available in the market for Mahindra Car Insurance, a few of them are listed below:
The insurers offer a number of discounts to Mahindra car owners, a few of them are listed below:
A car insurance is valid for 1 year.
A compulsory excess is a part of the insured amount that is fixed by the insurer and mandatory for you to pay at the time of claim settlement.
An Insurance Certificate is the original insurance policy document that the insurer issues to the insured.
IDV stands for Insured Declared Value and it is the maximum market value of the vehicle at any given point of time with respect to its age.
Depreciation is the loss in the car’s value with respect to its age.
Mahindra and Mahindra Ltd. which is a part of the Mahindra Group, valued at US $20.7 billion, announced that they have sold over 6 lakh vehicles in FY 2018-19 against 5 lakh vehicles in FY 2017-18. The total growth in sales from 2017-18 to 2018-19 stands at 11%. In the month of March 2019 alone, the company sold 62,952 vehicles. The domestic sales in the same month were about 10,000 more than the domestic sales in March 2018. The company saw growth in passenger vehicles, medium and heavy commercial vehicles, and exports. The growth was marginally less in terms of commercial vehicles.
Rajan Wadhera, the President of the Automotive Sector said that the company is proud that they ended the year with a double-digit growth rate though there were certain obstacles in the automotive industries. The three new launches of the company helped push sales of the manufacturer.
5 April 2019
Mahindra and Mahindra, India’s leading car manufacturer is offering select models – XUV500, TUV300, Scorpio, and Marazzo on lease for 4 years of 5 years. The lease tenure depends on the model and the city in which the transaction is being made. The objective of the initiative is to allow customers own cars by paying a fixed amount on a monthly basis for a specific period of time without having to worry about insurance or maintenance. The company, after leasing out the car, will take care of expenses of the car such as accident damage, car insurance, roadside assistance, maintenance, and resale guarantee. The company offers the deal with a very low down-payment option or no down-payment at all. The customer can choose to upgrade the vehicle at any time during the tenure of the lease too. Once the lease period ends, the customer can either return the vehicle to the company or purchase it at a price decided upon earlier. Mahindra has partnered with ALD Automotive and Orix to take care of the leasing services. While one of the two companies will own the car, the vehicle will be registered under the name of the customer. This new lease programme has been started in New Delhi, Mumbai, Bangalore, Hyderabad, Pune, and Ahmedabad. It will soon be rolled out in 19 other Indian cities.
30 August 2018
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