What offers & discounts buyers can expect from TW companies this Diwali

Posted on: Nov 8, 2023 | | Written by:

What offers & discounts buyers can expect from TW companies this Diwali

Published on November 08, 2023. EST READ TIME: 3 minutes

Diwali is the continuation of festival season in India and it is not at all surprising that it is also a preferred time to buy new two-wheelers. As it is one of the most auspicious times of the year, a lot of people schedule their purchase of vehicles during this time. It also happens to be a period when a lot of offers and discounts can make the deal even sweeter. If you have any plans of buying a new two-wheeler, here are some offers that you can expect. You can even get some offers on bike insurance as well, which is mandatory.

Bike manufacturers as well as dealerships know well that Diwali is a time of peak interest to bring home new bikes. Thus, they come up with lucrative deals and discounts to make it even more affordable for potential buyers. The following are some of the offers and discounts that you can expect this Diwali.

1. Cash Discounts

A lot of manufacturers and even dealerships keep it quite simple when it comes to offers and discounts. They offer cash discounts on bikes. Depending on the model that you are looking for, the discounts can be of a considerable amount. A lower price tag on the bike will also help you lower other costs of the bike, such as bike insurance.

If you have been looking to buy a new bike, keep an eye out for cash discounts during the upcoming Diwali.

2. Financing options

The offers are not limited only to the price tag on the bike, but you can walk home with an interesting finance option as well. Financing companies use this opportunity to offer great discounts. There is a good possibility that you will be able to secure a loan at special interest rates. Some lenders even offer lower processing fees or waive them off as well. During Diwali, a few lenders even make the eligibility of loans a bit lenient.

3. Vouchers and bonuses

Apart from the above two, you can also secure attractive vouchers and bonuses on your brand new two wheeler. Loyalty exchange bonuses will bring down the cost of your purchase by a good amount. Likewise, you can also avail of a few attractive vouchers and even free accessories. Since manufacturers usually launch new models around this time, you can even expect some pre-launch offers.

Popular bike manufacturer Hero MotoCorp has recently announced its GIFT or Grand Indian Festival of Trust scheme. It is aimed to boost the sales of the two wheeler manufacturer. The scheme will make way for special edition vehicles, new paint schemes, graphics, etc. These Diwali launches will make the bikes from Hero MotoCorp even more attractive.

Apart from the visual appeal, the brand will also offer cash discounts of Rs. 5,500 and even exchange bonuses of up to Rs. 3,000. You can even buy a bike now and start paying in 2024. To make it even more flexible for customers, Hero MotoCorp is offering loans at just 6.99% and there aren’t any hypothecation fees.

Why should you buy insurance for your new two wheeler?

If you are planning to buy a brand new bike this Diwali, it is pertinent that you insure the bike. And here are some of the major reasons to buy 2 wheeler insurance for your new bike.

1. Required by law

The Motor Vehicle Act makes it mandatory for all vehicle owners to have third party bike insurance on them. Failing to do so will attract hefty penalties for the owners. The policy will safeguard you from such hefty penalties.

2. Protection in accidents

In the unfortunate event of an accident, that involves other individuals or vehicles, the onus of paying for the damages is on you. However, third party bike insurance ensures that the insurance company will compensate for such expenses.

3. Protect your bike

If your bike is at the receiving end of damages during an accident, the repair bills can dent your finances. Opting for comprehensive bike insurance can help you save money in such times. You can file a claim and the insurance company will cover the expenses for the repairs.

4. Natural calamities

Vehicles usually receive the wrath of natural calamities such as cyclones, floods, earthquakes, etc. When you choose comprehensive bike insurance, you will receive protection for your bike against such natural calamities.

5. Protection against theft

Theft of bikes is one of the biggest fears that bike owners have. You can get protection from such occurrences by opting for the right bike insurance. Comprehensive plans will make sure in the event of theft, the insurance company compensates you. Insurance companies pay the IDV or insured declared value as compensation.

6. Add-ons

One of the biggest perks of buying bike insurance online is that you can opt for add-ons and view their impact on your policy premium. Add-ons offer you better and specific coverage by paying a nominal premium. Add-ons will help you save substantially in the long run.

7. Personal accident cover

When you buy 2 wheeler insurance, you can also opt for a personal accident cover. Personal accident cover will ensure that you receive compensation for any injuries or damages due to accidents. In the event of the death of the insured, the plan will also compensate the nominees of the policy.

Conclusion

Diwali is one of the most important festivals for Indians. The auspicious festival is known for happiness, prosperity and joy. It is not a surprise that a lot of people choose to buy new bikes during the festival. If you are pondering over the decision, Diwali can be a great time to bring home the bike of your dreams due to the reasons mentioned above. You stand to benefit from discounts, vouchers, and better financing options. A new bike combined with a bike insurance policy would be a great addition, this Diwali.

Disclaimer: The above information is for illustrative purposes only. For more details, please refer to the policy wordings and prospectus before concluding the sales.

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