New Delhi: The non-stop torrential rains Chennai has which has disrupted normal life, also had major impact on automobile companies.
Noting most of the vehicles may not have comprehensive insurance, Maruti Suzuki India Ltd (MSIL) has announced that it would bear up to 50 percent of the repair cost generally not allowed by insurers as depreciation/wear and tear.
“Since many vehicles have been submerged in water, they will need thorough cleaning and polishing inside and outside, MSIL will bear 50 percent of the cost,” the company said.
Incidentally the company is a major insurance intermediary in the country.
According to the company, as per its initial estimates, around Rs 10 crore will be its spent in relief efforts and this expenditure may go up.
The company will also organise a service check-up after two months.
Maruti Suzuki estimates that over 4,000 Maruti cars will be in immediate need of servicing.