Hinduja Group Looking Into Auto Insurance

The Hinduja Group is looking into New Delhi as a possible expansion for its insurance venture. They are already well known for their global financing, but have decided to move into the insurance market.

The company joins other car insurance powerhouses such as Bajaj and Maruti, which are booming in India. The auto insurance business is so big that their financial reports show an increase of 110% in the insurance sector over the previous year. Experts say that it will continue to flourish, with next year’s increase beating this year’s.

Bajaj Auto is already teamed up with Allianz, and Maruti is teamed up with National Insurance, Bajaj Allianz, New India Assurance, and Royal Sundaram. They have separate arms in their company to pair up with each of the above ventures.

Hinduja Group is already involved in banking, finance, energy, real estate, etc. but this will be their first time getting involved in car insurance. They are looking to become more aggressive in the various sectors that it does business in.

The company says that it is looking to partner with another company that has their same goals and ideas, and they believe that if there is a technology or idea that they have not previously entertained that will fit with their vision, then they will look into pursuing that.

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