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Companies considering to increase the insurance premium of electric two-wheeler after fire incidents

Electric Two Wheelers: Electric Two Wheelers, Getting insurance can be expensive. In fact, in recent times, Electric Two Wheelers, Insurance companies are contemplating to increase the insurance premium on these two wheelers after the incidents of fire came to the fore. Death or injury due to accident will be covered by the insurance policy. But if there is any defect in the electric two wheelers, the manufacturing company of the electric two wheelers may have to compensate for the loss of life and property. In fact, in recent times, there have been incidents of fire in electric two wheelers in many places in the country, in which battery has been a major reason. There has also been loss of life and property due to this.

Companies are recalling
Following the government’s warning, many electric scooter makers have decided to recall their two wheelers. Okhinawa decided to recall the 3215 Praise Pro electric scooter last month to fix the battery issue. Ola has also decided to recall 1441 electric scooters.

government’s strictness
Road Transport Minister Nitin Gadkari, while warning the manufacturing companies, recently said that the government can issue orders to the companies to recall the defective electric two wheelers. Along with this, penalty can also be imposed on the company for negligence. Following the incidents of fire in electric two wheelers, NITI Aayog CEO Amitabh Kant has asked all Electric Vehicle Original Equipment Manufacturers (OEMs) to recall batches of these electric vehicles. He said that this is the time for the electric vehicle industry to instil confidence among the consumers. Amitabh Kant said that the manufacturing of batteries is not regulated, the battery management system needs to be strengthened.

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