India has become the fourth largest automobile market in the world. The Indian automotive industry is on an adrenaline-fuelled drive. In CY2017, the industry notched record highs across vehicle segments. Importantly, it surpassed Germany to become the fourth largest market for vehicles globally. Clearly, it is one of the fastest growing markets worldwide and is pitched to become the No. 3 by around 2020.
Motor is the largest segment of general insurance