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.”