Do you know that Paytm is going to launch Vehicle Insurance & Vehicle Financing very soon after seeing a huge boom in two-wheeler demand on their website. In last couple of months Paytm has sold many bikes from various cities in India. Indian Automobile sector is growing and Paytm is also trying to be a part of this growth by offering Paytm Vehicle Insurance & Paytm Vehicle Financing service like Bajaj finance.
Before proceeding further, let me tell you that Paytm has come into market as one of the most popular mobile recharge gateway and later on they have emerged as an eCommerce portal in India. In fact they have become India’s one of the leading online shopping website where you will find plenty of coupon codes and deals daily to save money.
Why Paytm is launching Vehicle Insurance & Vehicle Financing?
According to Economic Times news:
The company has seen online purchase of cars and bikes treble. Paytm sold over 1000 bikes in the month of April this year, contributing to 5% of Hero Electric’s pan India total monthly sales. “Orders for two-wheelers came from over 100 different cities spread across 18 states in April. Customers from as far as Tinsukia in Assam and Ranipet in Tamil Nadu purchased bikes on Paytm”, the company said.
Paytm is targeting to sell huge amount of two wheeler this year and at the same time they want to provide finance option to buyers to attract them. Not only that they are also trying to bring new two-wheeler insurance plan to provide them more value. One of the most selling bike in Paytm is Mahindra Gusto 125 model where they have offered Rs 5000 cashback discount exclusively at Paytm. This offer has attract customers and the sell has increased like anything.
So far there is no such information about Paytm vehicle insurance or paytm two-wheeler finance details. We will update this page with more details whenever we will get any future updates.