Automobiles

Subsequent to India's growing openness in the Automobile and Auto ancillary sector post economic liberalization, the advent of new and existing models, huge investments by Indian and Foreign multinational auto giants, stiff competition between overseas players and domestic manufacturers, easy accessibility of funds at comparatively low rates of interest and price discounts offered by dealers and manufacturers; have all led to the marked augmentation of the Indian Auto industry and the increased stimulation for the demand for vehicles.

The Automobile industry in India places itself to be the ninth largest in the world with an annual production of over 2.3 million units, as of 2008. Following only Japan, South Korea and Thailand, India emerged as the fourth largest exporter of automobiles in Asia, in 2009.
Clearly, India has a pivotal role on the global map in the Auto sector.

Nevertheless, the Auto sector specifically faces an array of serious hazards and challenges. With swelling competition and end user demands, enormous capital expenses, regulatory and employment concerns, outsourcing and other complex financial hazards, there is serious need for a professional and trustworthy consultant to aid automotive companies with tailor-made solutions to administer and mitigate risk.

With ENAM’s integrated risk management solutions and benchmarking capabilities, our team of Auto industry experts work in partnership to recognize definite business needs and provide you a wide range of insurance solutions and specific policies to manage risk for the Auto sector.

ENAM Risk Services

Assistance in determination of the objectives of the client company
Advice on specific and detailed risk identification, analysis and assessment
Selection of the risk treatment devices or appropriate covers from the market
Arranging for risk transfer with optimization of covers at best possible quotes
Prompt claims facilitation, cooperation and provision of technical expertise.

To know more, please feel free to write to insure@enam.com

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Enam Insurance Broker is regulated by Insurance Regulatory and Development Authority; License Code: DB – 340/06’