Prices of new bikes and cars to go up from tomorrow (1st Sep)
Posted on: 31/Aug/2018 11:20:07 AM
As per the Motor Vehicles Act, 3rd party insurance has been made mandatory. Due to this, the prices of the cars and 2-wheelers will increase from tomorrow (Saturday, 1st September).
With the High Court releasing an order to make long-term 3rd party insurance mandatory, the 3rd party insurance coverage for a period of 3 years has been made mandatory. In a similar procedure, the 3rd party insurance coverage for the 2-wheelers for 5 years has also been made mandatory.
With the above, the prices of cars will go up in the range of Rs. 5000 to Rs. 24000. The price of the 2-wheelers will be up in the range of Rs. 1000 to Rs. 13000.
