by AIP Online Bureau | Jan 22, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Technology
Rajesh Kumar Singh, Secretary,Department for Promotion of Industry and Internal Trade As per industry estimates, the total EV sales in India stood at around 10 lakh units in 2022. On the back of increasing EV demand, the Indian government is providing fiscal...
by AIP Online Bureau | Dec 26, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Policy, Risk Management, Technology
The problems are expected to intensify in 2024, when many of the 1.2 million EVs sold in Europe in 2021 will come off their three-year leasing contracts and enter the second-hand market. How companies tackle this problem will be key for their bottom lines, consumer...
by AIP Online Bureau | Nov 7, 2023 | Briefs, Non-Life, Technology
Magma HDI General Insurance Limited (Magma HDI) has launched ‘Battery Secure Add On’, an insurance product specifically for batteries of electric vehicles (EVs) and hybrid electric vehicles (HEVs). Rajive Kumaraswami, managing director & CEO, Magma HDI General...
by AIP Online Bureau | Sep 15, 2023 | Indian News, Non-Life
“As the relevant provisions of the MV Act and Central Motor Vehicles (CMV) Rules are already applicable to EVs, specifically pertaining to mandatory insurance cover, wearing of headgear on two-wheelers and penal provisions for non-compliance of the provisions, this...
by AIP Online Bureau | Aug 17, 2023 | Climate, Environment, Renewable Energy, Indian News, Non-Life, Reinsurance
Ankur Gupta, head of client management, Munich Re India Branch, revealed that the reinsurer, after launching its Solar Photo Voltaic Performance Warranty , has recently unveiled two new products for fast expanding Electric Vehicles(EVs) segments -Extended Warranty...
