Automobiles & Components

Automobiles & Components

The automobile industry is accelerating toward the future, but rising costs, supply chain challenges and evolving regulations demand a strong risk management approach to sustain growth and profitability.

Overview

As the world’s fourth-largest automobile market, India’s automotive sector is undergoing a transformation, driven by electric mobility, technological advancements and global supply chain shifts. However, manufacturers, suppliers and dealers face growing risks, including rising input costs, supply chain disruptions, regulatory changes and cybersecurity threats due to increased automation.

Additionally, the push for sustainability has sparked demand for green technologies like hybrids and biofuels, requiring new strategies for risk mitigation. The industry must also navigate liability concerns related to product recalls, vehicle defects and workplace safety. With these evolving challenges, businesses need tailored insurance solutions to protect their financial stability, reputation and long-term operations.

FAQs

  • Supply Chain Disruptions: Delays in sourcing raw materials and components due to geopolitical and economic factors
  • Product Liability & Recalls: Vehicle defects and safety issues leading to legal claims and brand damage
  • Cybersecurity Threats: Risks associated with connected vehicles and automated manufacturing systems
  • Regulatory & Environmental Compliance: Stricter emission norms and safety regulations increasing operational complexity
  • Workplace & Employee Safety: Accidents in manufacturing plants leading to financial and legal liabilities

  • Product Liability & Recall Insurance : Covers financial losses from defective or recalled vehicles and components
  • Business Interruption & Supply Chain Insurance : Protects against revenue losses due to disruptions in production and logistics
  • Cyber Risk Insurance : Safeguards against cyberattacks targeting connected vehicles and smart factories
  • Workers’ Compensation Insurance : Ensures financial protection for employees injured in manufacturing and assembly operations
  • Risk Consulting : Provides strategic risk assessment and mitigation strategies for automotive businesses

Talk To Us

Contact us to get in touch with an industry or risk subject matter expert, learn more about a specific solution or submit a sales/RFP inquiry.

Contact Us

DISCLOSURE

EDME INSURANCE BROKERS LTD. (FORMERLY KNOWN AS ADITYA BIRLA INSURANCE BROKERS LTD.)

Registered Office: 2nd Floor, Privillion, East Wing, Sarkhej - Gandhinagar Highway, Vikram Nagar, Bodakdev, Ahmedabad, Gujarat 380054. IRDAI License Number: 146 | Composite Broker | License Valid till: 9th April, 2027 | CIN: U99999GJ2001PLC062239 Corporate Office: VIOS Tower, 6th floor, Off Eastern Express Highway, Sewri - Chembur Rd, Mumbai – 400037 Telephone: 1800 120 2510 | Website: www.edmeinsurance.com In case of any queries/complaints/grievances, please write to us at clientfeedback@edmeinsurance.com.