New Delhi, October 05, 2018: Bajaj Auto has introduced an exciting new opportunity in form of 5-5-5 offer to buy Bajaj motorcycles in India. This offer commences from October 5, 2018 where customers get the benefit of five years of free own damage insurance cover, five free services and five years of free warranty on select Bajaj motorcycles across all dealerships in India at no additional cost. For those asking, Supreme Court had mandated an increase in third-party insurance cover for new bikes and scooters to five years. This coupled with increase in the accident coverage to Rs 15 Lakhs has significantly impacted insurance cost of two- wheelers.
According to report published in autoportal.com Commenting on the announcement; Mr. Eric Vas, President, Motorcycle Business, Bajaj Auto said; “Motorcycle on-road prices have gone up by at least Rs 6000/- due to the increase in insurance cost. We wanted to cushion this cost for our customers by absorbing the cost of own damage insurance for the first year and extending this benefit by covering him for the next 4 years. Bajaj Auto is the first in the industry to introduce such an offer through the 5-5-5 scheme. This offer makes it even easier to own a Bajaj Motorcycle and provides our customers another reason to celebrate this festive season.” Insurance scheme is applicable in Maharashtra, Karnataka, Gujarat, West Bengal & Assam for all Pulsar models while in other states it is for select Pulsar Models.