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Buying a car or bike will be cheaper in India

Changes Happening after august 1

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Since rhe covid-19 circumastances India ks faving now various measures among corporates is in progress.The stepsay emsures the strategic adjustment of demand amd supply to balance the sales etc.

If you are planning to buy a new car or bike from August 1, then you will get a chance to buy cheap. Yes, it is because there has been a big change in the rules of vehicle insurance.

Actually, if you buy a new car or motorcycle after 1 August next month, then you will have to spend less money on auto insurance. The Insurance Regulatory and Development Authority of India (IRDAI) has taken a major decision.

Accordingly, the rules of long term package policies and long-term policy have been withdrawn. With this, it will no longer be necessary for vehicles to take a 3 and 5-year third party insurance policy.

This will have a direct impact on the on-road price of cars and motorcycles and vehicles will be cheaper.

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