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01-02-2025

2025 Budget's Tax Relief & Policy Reforms to Push Two-wheeler EV Demand

Union Budget's tax relief to people earning below ₹12 lakhs and exemption on custom duties on materials used for making lithium-ion batteries is expected to boost electric two-wheeler demand in the Indian market. The first move will improve the purchasing power of people and the latter will make the EVs more affordable by lowering production costs.

30-12-2024

Global Two-Wheeler Insurance Market: See Growth Predictions!

The two-wheeler insurance market reached USD 115.30 billion in 2023 and is projected to grow at a 7.1% CAGR, reaching USD 214.04 billion by 2032. This growth is driven by increasing two-wheeler sales and the need for financial protection. Insurance covers physical damage, bodily injuries, and third-party liabilities. Digital platforms and advanced technologies are enhancing customer experience and driving market growth. Mandatory third-party liability insurance in many countries also supports market expansion.

30-12-2024

Global Two-Wheeler Insurance Market: See Growth Predictions!

The two-wheeler insurance market reached USD 115.30 billion in 2023 and is projected to grow at a 7.1% CAGR, reaching USD 214.04 billion by 2032. This growth is driven by increasing two-wheeler sales and the need for financial protection. Insurance covers physical damage, bodily injuries, and third-party liabilities. Digital platforms and advanced technologies are enhancing customer experience and driving market growth. Mandatory third-party liability insurance in many countries also supports market expansion.