Mahindra Insurance Brokers Joins Mad About Wheels For EV Finance

Mobility Outlook Bureau
24 Aug 2022
07:21 PM
1 Min Read

The association has been formed keeping in mind the emerging and ever-evolving EV industry and the necessity of insurance for such products.


Mahindra Insurance Brokers Limited

Mahindra Insurance Brokers Limited (MIBL), a subsidiary of Mahindra & Mahindra Financial Services, today announced its partnership with Mad About Wheels (MaW) – India’s first brand agnostic electric mobility & automotive solutions provider. 

Through this strategic partnership, MaW dealers who have been onboarded will now be able to provide comprehensive motor insurance products to customers buying electric two and three-wheelers. The association has been formed keeping in mind the emerging and ever-evolving EV industry and the necessity of insurance for such products.

The partnership will give MaW dealers selling electric 2-wheeler & 3-wheelers access to various insurance products offered by MIBL’s insurance partners, noted Amresh Khar, Co-Founder of Mad About Wheels. 

Vedanarayanan Seshadri, MD & Principal Officer, MIBL, said, “This unique distribution partnership will enable MaW dealer-partners to utilise MIBL’s platform to provide insurance products to the emerging and ever evolving EV industry and the growing necessity day by day.”

Amresh Khar, Co-Founder, MaW, added, “The MIBL association will help us increase our reach into this growing sector and on-board new age dealers as well as OEM brands to build more confidence into the EV business.”

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