• SENSEX
    NIFTY 50
Auto

Car sales may slip as new insurance rules to be applied from Sept 1, says report

Updated : August 31, 2018 11:26 AM IST

The new insurance regulation mandates buyers of cars and two wheelers to buy the insurance cover for at least three years and five years respectively.
A longer tenure and an upfront payment of insurance premium will save the owners the hassle of renewing their insurance.
However, a measure like this will raise the initial outgo on new vehicles, pushing up the on-road prices, which in turn will disrupt sales.
Car sales may slip as new insurance rules to be applied from Sept 1, says report

You May Also Like

Live TV
Advertisement