Eko Digital Insurance’s ‘Theft and the City 2024’ report revealed that vehicle theft in India has increased by 2.5 times in 2023 compared to 2022. According to the report, the highest number of thefts occurred in New Delhi, as New Delhi accounted for 80 percent of the thefts of passenger cars in India during the same period.
Vehicle Theft in India: Delhi Car Theft
The report said that Delhi’s overall share in vehicle theft has declined from 56 percent in 2022 to 37 percent in 2023. 105 cases of vehicle theft were registered every day in Delhi in 2023. “A vehicle is stolen every 14 minutes in the capital. The report said.
Vehicle theft in India: What about other cities?
The report said the share of vehicle theft in Chennai doubled from 5 per cent to 10.5 per cent in 2022, while the share of vehicle theft in Bengaluru saw a marginal increase from 9 per cent to 10.2 per cent.
Vehicle theft in India: Most stolen cars…
The report said that 47 percent of all the stolen cars were Maruti Suzuki. Maruti Wagon R and Maruti Swift are the most stolen cars in Delhi NCR, followed by Hyundai Creta, Hyundai Grand i10 and Maruti Swift Dezire.
Vehicle Theft in India: What about a stolen bike?
Bike theft is also expected to become more common in 2023, the report said, adding that Hero Splendor, Honda Activa, Royal Enfield Classic 350, Honda Dio and Hero Passion were the most stolen two-wheelers in India.
Animesh Das, chief executive of Eko General Insurance Company, said, “Thefts have increased due to increased mobility post-Covid, mainly due to increased parking problems. Recognizing this trend, insurance companies have improved underwriting processes to deal with emerging risks. These enhancements enable more accurate risk assessment and coverage optimization, resulting in an easier claims process for policyholders.
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