Third-Party Insurance

Proposed Insurance Premium Hike for Two-Wheelers Will Be a Dent on Indian Automobile Consumers Sentiments: Radhakrishnan of TVS Motors

"As the customer continues to struggle with an increase in the cost of ownership, the recently announced hike of Rs 2,200 per vehicle in third party insurance cost will further dent the efforts of the industry to recover itself from this challenging market situation. Further, a strong domestic industry is the basis of global competitiveness and every effort must be made to have a vibrant local market," says KN Radhakrishnan, Director and CEO, TVS Motor Company.