Insurers close doors on GM cars, thousands of Chevrolet owners to be hit

Move follows carmaker's decision to exit India

Ajay Modi  |  New Delhi 

In a move that will affect several thousands of Chevrolet car owners in the country, leading insurance companies are learnt to have stopped offering covers to General Motors cars beyon the first few years. Government-owned New India Assurance Company has said in a recent circular that Chevrolet models would become “obsolete”, as its manufacturer has decided to stop sales in the country. Accordingly, the firm has advised all its branches and offices to stop with immediate effect giving insurance covers to these cars beyond three years. American automobile ...

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