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'Bumper-to-bumper' insurance: HC order to make cars costly, say experts
2021-08-28 00:00:00.0     商业标准报-经济和政策     原网页

       The Madras High Court’s ruling mandating bumper-to-bumper cover for all new private cars sold from September 1 has got auto dealers, insurers and the law fraternity in a tizzy. If the court’s directive is implemented in letter and spirit, it will most likely increase the acquisition cost of new cars from September 1, just ahead of the festive season.

       This is when there is a lot of demand in the market for new cars. In a written order, high court Judge S. Vaidyanathan said, “..this court directs that whenever a new vehicle is sold after 1.9.2021, it is mandatory for ...


标签:经济
关键词: tizzy     mandating     September     new cars     fraternity     court     bumper-to-bumper cover     Vaidyanathan    
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