[Resolved] Maruti Suzuki / Chowgule Motors — Auto Insurance Monopoly | |||
Dear Sir, I have booked a Maruti Wagon R (CNG variant) priced at Rs 4,45,000 (on road including company & corporate discounts) through M/s Chowgule Motors (Pune Satara Rd) on 25 Aug 2012. I was told that the vehicle was available in the available stock and that it would take max 7-8 days considering admin formalities & RTO registration. The payment has been effected through cheque on 30 Aug 2012 in full and I was given the option of choosing 1 insurer between 3 options (namely New India Assurance, Royal Sundaram & one other). When I enquired about the difference in premium, I was told that all 3 were at par since they had a tie up with Maruti Suzuki Ltd. Accordingly I started receiving calls from New India (my preference amongst the three) about verification & confirmation. The premium amount was notified to be 14,000 per anum which I found a bit high especially considering it was not based on zero depreciation policy (i.e. glass, windshields etc are not insured). I am using another car (Skoda Fabia) priced at approx 6,00,000/- and the existing premium charged by the insurer (TATA AIG) is Rs 12,000/- with zero depreciation which is justified. Hence, I enquired with TATA AIG & was informed that the new Wagon R I am purchasing would attract a premium of Rs 11,700/- that too with zero depreciation & approx 7500/- without zero dep. Surprised by this fact, I have asked Maruti / New India about my reluctance in availing their policy and subscribing with TATA AIG but was informed that 'permission' for such an arrangement would not be granted the matter would have to be taken with the GM / VP etc. Taken aback by their attitude since Auto insurance is not a monopoly, I have stuck to my decision. However, since RTO registration requires insurance policy confirmation, and the external insurer (TATA AIG) would require invoice / chassis number for mentioning on insurance policy, Chowgule motors / Maruti have kept the information on hold inspite of making the payment in full thereby delaying the delivery as their interests have been sidelined. To this date: 5 Sep 2012 which is 11 days after booking, I have still not received the vehicle due delaying tactics by the showroom / manufacturer. Please advise. kind regards Miheer D. Brahme [protected] Was this information helpful? | |||
Aug 13, 2020 Complaint marked as Resolved | |||
 3 Comments | |||
Comments
Dated: 11 July, 2009 A PLEA
From:
Shri KishoreKumar Sharma,
25, Jwala Estate, S.V. Rd.,
Borivli, (W), Mumbai-92
Tel. No: - [protected]
The Manager,
The Jain Sahakari Bank Ltd,
Borivli (E) Mumbai-66
Dear Sir,
Sub: Depreciation of the Vehicle on the Auto Loan taken, & Vehicle Insurance.
I, the undersigned KishoreKumar Sharma, kindly request you to consider my plea for
The Subject noted. I had taken the Auto Loan in 2006 from your reputed Bank. Similarly,
As per my knowledge & information, the Depreciation on the Vehicle should be reduced
By 10% p.a every year. Instead, it has been increased by 10% pa for the last Three years.
In my case. Secondly, the Vehicle Insurance should be taken by the Vehicle owner i.e.
Me, But the Bank has taken the Vehicle Insurance on my behalf without intimating or
Informing me, I too had taken the Vehicle Insurance, hence, the Vehicle Insurance was
Doubled for my Vehicle for the last Three years.
However, I kindly request you to consider my plea ASAP & redress my grievance at the
Earliest or I would have to take the matter to the higher authority. The positive & early
Expedition of my plea will be appreciated
Thanking you
Yours truly,
(Kishore Kumar Sharma)
From:
Shri KishoreKumar Sharma,
25, Jwala Estate, S.V. Rd.,
Borivli, (W), Mumbai-92
Tel. No: - [protected]
The Manager,
The Jain Sahakari Bank Ltd,
Borivli (E) Mumbai-66
Dear Sir,
Sub: Depreciation of the Vehicle on the Auto Loan taken, & Vehicle Insurance.
I, the undersigned KishoreKumar Sharma, kindly request you to consider my plea for
The Subject noted. I had taken the Auto Loan in 2006 from your reputed Bank. Similarly,
As per my knowledge & information, the Depreciation on the Vehicle should be reduced
By 10% p.a every year. Instead, it has been increased by 10% pa for the last Three years.
In my case. Secondly, the Vehicle Insurance should be taken by the Vehicle owner i.e.
Me, But the Bank has taken the Vehicle Insurance on my behalf without intimating or
Informing me, I too had taken the Vehicle Insurance, hence, the Vehicle Insurance was
Doubled for my Vehicle for the last Three years.
However, I kindly request you to consider my plea ASAP & redress my grievance at the
Earliest or I would have to take the matter to the higher authority. The positive & early
Expedition of my plea will be appreciated
Thanking you
Yours truly,
(Kishore Kumar Sharma)
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auto — Depreciation of the Vehicle on the Auto Loan taken, & Vehicle Insurance.
Dated: 11 July, 2009 A PLEAFrom:
Shri KishoreKumar Sharma,
25, Jwala Estate, S.V. Rd.,
Borivli, (W), Mumbai-92
Tel. No: - [protected]
The Manager,
The Jain Sahakari Bank Ltd,
Borivli (E) Mumbai-66
Dear Sir,
Sub: Depreciation of the Vehicle on the Auto Loan taken, & Vehicle Insurance.
I, the undersigned KishoreKumar Sharma, kindly request you to consider my plea for
The Subject noted. I had taken the Auto Loan in 2006 from your reputed Bank. Similarly,
As per my knowledge & information, the Depreciation on the Vehicle should be reduced
By 10% p.a every year. Instead, it has been increased by 10% pa for the last Three years.
In my case. Secondly, the Vehicle Insurance should be taken by the Vehicle owner i.e.
Me, But the Bank has taken the Vehicle Insurance on my behalf without intimating or
Informing me, I too had taken the Vehicle Insurance, hence, the Vehicle Insurance was
Doubled for my Vehicle for the last Three years.
However, I kindly request you to consider my plea ASAP & redress my grievance at the
Earliest or I would have to take the matter to the higher authority. The positive & early
Expedition of my plea will be appreciated
Thanking you
Yours truly,
(Kishore Kumar Sharma)