In case of a theft or damage due to external circumstances, a police complaint has to be filed and the company has to be informed too. The claim under the Bajaj Alliance Two wheeler insurance plan can be registered online. After the buyer has received a claim reference number, following up with the customer care and settling the claims become a joy ride. In spite of all the above features, generic wear and tear of the vehicle, breakdown, ageing damages, defective tyres and tubes are not covered as part of the two wheeler insurance plan. Are any documents required to claim settlement?
If the system loses its control over the car, it could lead to consequences. It is better that we keep our cars and automobiles insured upfront. Insurance for our vehicle is a must and we know that we need to pay for the insurance. It will be helpful for us to claim it in the future, if at all there is any kind of damage. Insurance is done for the purpose of accidental damage or theft in any case.
The car culture has de-democratized the public spaces. Cars, which occupy over 80 percent of the road space, contribute enormously to the traffic congestions. They not only elbow out the two-wheeler riders, but also make the lives of the pedestrians precarious. And, very few cars carry passengers to their full capacity and most of them carry only their owner-cum-drivers. Therefore, cars, which occupy a lion’s share of the road space, can carry only a small number of people making them highly inefficient mode of transportation in a country like
Who in their right mind would be willing to pay the most expensive price for a taxi ride, when the ability to be content with a cheaper price occurs? In the UK, the American start-up transportation phenomenon Uber is cheaper than the standard black cab. The technological substitute provider changes everything. It breaks away from the traditional monopoly that the cab companies have been in possession of in the last decade. But what is actually the concrete concept of Uber?
This is illegal as the act has stated the subsidiary of a company may hold “not more than 10%” of all of the company’s issued shares. Matter 3 Requirements concerning pre-incorporation contracts The pre-incorporation contract must be in writing in the name of an entity which does not yet exist at the time. Once incorporation has occurred, the directors have three months to either ratify or reject the contract. The contract automatically becomes ratified automatically once three months have lapsed since its incorporation. If the company is not incorporated, the person entering into the contract will be
Low costs were important in the smaller motorcycle segment where profit margins were low and price competition, aggressive. 1.2.3. Exports and overseas production: Bajaj Auto promoted overseas sales in Sri Lanka, Nepal, Columbia, Bangladesh, Mexico, Peru and Egypt from its three factories. By 2010 Bajaj Auto were selling 800,000 units annually in these countries. 2.
EXTERNAL ENVIRONMENT ANALYSIS ABOUT THE INDUSTRY The Indian automobile industry is one of the the largest in the world. It contributes to 7% of GDP and provides employment to 30 million people and contributes 13 % to excise revenue. The two-wheeler industry has the largest market share of automobile sector in India, holding 78 per cent of the market. It is basically divided into three segments: motorcycles, scooters, and mopeds. The bulk of India’s two-wheeler sales come from commuter motorcycles and automatic scooters.
Under the supervision of Takanobu lto, it’s revenue on 2012 was ¥7.948 trillion (2012) and the Profit ¥211.48 billion (2012) also the company has 179,060 Employees (mission statement). Automotive industry an Oligopoly market yet even though there is no barrier to entry except it is hard to enter this market due to the giant competition and players who have a market share and execs to technology. Moreover, the different company in this industry produce different product but it main product is based on cars. The market share of Japanese car has grown while Japan is one of the largest car producer. The substitute products and services are available while the producers of the automotive industry in Japan included Mitsubishi, Mitsuoka, Infiniti, Suzuki, Takeoka, Toyota auto, Nissan and various others.
In some major cities, some drivers are still rent cars form the third parties or encouraged to purchase late model cars which are cost up to 60 to 70 thousand USD for luxury cars (Jalloh, 2017). Besides, they need to bear most of the costs related to the service such as repairs and fuel. With the new Uber drivers, competitors and price competition increase, drivers’ average earnings and morale are pushed down. Therefore, it is not impressive to driver retention rate. One year after they active, only 50% of drivers are still exist (Research, 2017).
Currently there are around 10 two-wheeler manufacturers in the country, and they are Bajaj, Hero, Hero Honda, Honda, Mahindra/Kinetic, Royal Enfield, Suzuki, TVS, and Yamaha. There have been various reasons behind this growth. Because of poor public transport system, the citizens found convenience in two wheelers. Added to this is the fact that the average Indian still does not have the purchasing capacity for a more expensive, four wheeler. The story of Mr. Ratan Tata inspired by a family of four members travelling in Indian roads, not concerned about safety and the evolution of the idea of TATA Nano has been quite famous