The firm is introducing 5 Unique Warranty packages, together with an Authorised Warranty, 360-degree Protection, Engine Warranty, Suspension Cover, and Brake Warranty. These packages will probably be launched throughout greater than 60 cities in India with value beginning at Rs 200 a month.
It goals to supply protection of the essential techniques, together with engine, suspension, brakes and another main techniques, addressing the ever-increasing concern of automobile homeowners about upkeep and put on and tear of their automobile’s techniques. Their package deal additionally covers consumables and labour prices, and put on and tear. The prolonged guarantee can even supply Free Roadside Assistance (RSA) if the person is stranded anyplace the place GoMechanic has operational providers.
Rishabh Karwa, co-founder, GoMechanic, mentioned, “Around 70 percent of car owners who bought warranties from manufacturers (OEM), were not able to use it as the parts which needed those policies did not cover service. We have received multiple requests from our users for a peaceful long term car ownership plan, which goes beyond the warranties offered on new and used cars today. So, after post-year-long research and testing, we are offering our Extended Warranty plan for users looking for hassle-free car ownership. Our approach is flexible and affordable. Users can handpick the type of warranty, whether they are a mile muncher or an occasional driver- we have the exact extended warranty plan for them.” he added.
Till date, GoMechanic has raised $61 million (Rs 473 crore) and providers greater than 50,000 automobiles each month. Responding to a question on the corporate’s presence, Karwa mentioned, “As of June 2022, GoMechanic and its network of workshops are present across more than 60 Tier-1 and Tier-2 cities across India, like Delhi NCR, Mumbai, Pune, Chandigarh, Kolkata, Indore, Gandhinagar, Ahmadabad, Hyderabad and Bangalore. Additionally, we are also planning to diversify and expand to more Tier-2 and Tier-3 cities in the coming months.”
As per the corporate, its Extended Warranty packages are appropriate with all Indian in style automobile manufacturers and fashions. These vehicles (which apply for Extended Warranty) endure an exhaustive set of checks earlier than getting accredited. If the automobile passes the test, it will get guarantee protection with no restrictions. The guarantee is versatile, and clients can choose the kind of guarantee they require for his or her car and could be availed yearly for as little as Rs 999 with no-cost EMI possibility.
Prakhar Aatre, Head of Product Development mentioned, “During the initial survey phase of development, we could pinpoint over 5000 cars in our database that were eligible for Extended Warranty. This is because of the fact that we maintain a comprehensive service record of every car we take in, and data helped us offer 100 percent digital claims with a 90 percent approval rate.”
According to GoMechanic’s in-house analysis, 65 % of automobile homeowners are dissatisfied with the Extended Warranty Services due to the prolonged declare course of and lack of transparency. However, 70 % of customers most well-liked warranties overlaying put on and tear, important techniques, and emergency roadside help.
Business Khabar
