Turtlemint Reports 200% Growth In Motor Insurance Policies During Festive Season FY’25

Turtlemint, a leading InsurTech platform, has experienced exponential growth driven by a surge in its motor insurance business during the festive season of FY’25. The company has issued over 4 lakh motor insurance policies through its extensive network of insurance advisors, marking an almost 200% increase in sales compared to the same period last year.

According to Turtlemint’s data for FY25, the period starting from August to October has resulted in an increase in the total premium for motor insurance by 2.3 times from last year. A deeper dive into the data reveals that Tier 2 and 3 cities have emerged as a critical growth engine, contributing more than 90% to the number of policies sold and the premium amount.

The festival season, known for record vehicle sales fueled by discounts and offers, coincides with a sharp rise in motor insurance purchases as well. According to FADA data,  India witnessed a 19%* YoY surge in automotive retail sales in 2023, fueling an equally strong demand for motor insurance. Turtlemint, leveraging its advisor network and digital reach, capitalized on this festive momentum by ensuring customers across India were well-covered, especially in semi-urban and rural markets.

Tier 2 & 3 Cities Becoming Key Growth Markets

The significant rise in policies sold in Tier 2 and Tier 3 cities signals that these regions are becoming crucial growth areas for motor insurance, driven by increasing vehicle ownership and greater awareness of the importance of insurance. Turtlemint’s strategic focus on expanding its advisor network in these regions, coupled with its digital-first approach, is positioning the company to tap into this untapped market potential.

Dhirendra Mahyavanshi, Co-founder & CEO of Turtlemint, commented: "The festive season is always a critical time for vehicle sales, and this year we’ve seen a remarkable increase in motor insurance policies on our platform. India’s insurance sector is on a growth trajectory, with motor insurance being a substantial contributor. We are already witnessing a YoY growth of 85% in our motor policy sales.”

With our digital-first approach and expansive insurer network, Turtlemint is well-positioned to support insurance advisors to meet the rising demand and provide financial security to vehicle owners nationwide. As the season progresses, we anticipate continued momentum, especially through the year-end, supported by strong vehicle sales and our ability to scale rapidly across regions.

For advisors looking to tap into this growing market, the opportunity to sell motor insurance has never been bigger. With Turtlemint’s strong presence and support, advisors can maximize their potential and help more customers protect their vehicles.

Retail Ecosystem Gets A Boost With Coca-Cola’s Cutting-Edge Solutions

As India charts its path to become $35 trillion, fully developed economy by 2047, the non-alcoholic beverage sector continues to remain a contributor, providing value addition to the nation's economic growth through effective retail networks and consumer-focused strategies.

Within this context, Coca-Cola India is strengthening the country's retail ecosystem by equipping retailers nationwide with innovative cooling solutions. In addition, with a focus on empowering retailers amidst a rapidly evolving retail landscape, Coca-Cola’s Super Power Retailer Program equips small and medium-sized retailers with resources to improve consumer experience and boost their business growth.

Boosting Retail Revenue with increased Reach and Consumer Engagement

Coca-Cola India’s coolers have become increasingly common to retail fronts across the country, enhancing consumer access to chilled beverages while boosting retailer revenue. Integrated with technologically advanced inventory management features, enabling retailers to manage stock effortlessly. By increasing product visibility and ensuring a refreshing experience for every consumer, the company reinforces its commitment to making beverages easily accessible in every corner of India.

Supporting Retail Growth with the Super Power Retailer Program

Launched in collaboration with the National Skill Development Corporation (NSDC), the Super Power Retailer Program is a cornerstone of Coca-Cola India’s retailer empowerment strategy. Through the program, kirana shop owners gain valuable skills in product display, customer engagement, and sales strategies—enhancing their business prospects and enriching customer experience. As e-commerce and q-commerce shift the market, the Super Power Retailer Program ensures kiranas remain competitive and relevant to thrive in this shifting environment. According to the ICRIER report (released in 2023 and 2024), the non-alcoholic beverage sector is contributing significantly to the Indian economy in terms of value addition and job creation. Coca-Cola India is supporting over 45 lakh retailer livelihoods, both directly and indirectly. The retailers report that coolers have boosted sales by attracting more customers, allowing greater product availability and longevity while offering a refreshing experience to consumers.

Sundeep Bajoria, Vice President of India Operations at Coca?Cola India said, “Our approach to cooler technology is about creating long term, scalable platform for retail growth. From tech-driven cooler models to advanced retail programs, with every step, Coca-Cola India is constantly innovating to create a resilient ecosystem. We’re committed to the future of retail by ensuring kiranas remain integral, profitable players in a new era of commerce.”

Extending Retail Innovation with Coke Buddy

Building on this vision, the Coke Buddy initiative brings tech-driven solutions directly to kiranas. Serving retailers 24/7, the platform empowered by AI-driven insights and streamlined processes, offers a more personalized and seamless shopping experience. This elevated level of service has transformed this journey deepening the bond between Coca-Cola India and its consumers.

It is essential to leverage the nation's strengths, adopt best practices, and drive innovation across the industry. With its commitment to innovation and focus on strengthening the retail value chain, Coca-Cola India aligns with the Government of India’s vision of Viksit Bharat, paving the way for shared progress. 

About Coca-Cola:

Coca-Cola in India is one of the country’s leading beverage companies, offering a range of high-quality and refreshing beverage options to consumers. The company, in line with its vision of ‘Beverages For Life’ offers a wide portfolio of products which includes hydration, sports, sparkling, coffee, tea, nutrition, juice and dairy based products. In India its beverage range includes Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Thums Up, Charged by Thums Up, Fanta, Limca, Sprite, Maaza, Minute Maid range of juices and Honest Tea. The Company also offers hydration beverages including Limca GlucoCharge, Smartwater, Kinley, Dasani and Bonaqua packaged drinking water and Kinley Club Soda. Premium products constitute Schweppes and Smartwater. In addition, it offers a Costa Coffee range of tea and coffee. The Company is constantly transforming its portfolio, from reducing sugar in its drinks to bringing innovative new products to market.

The Company along with its owned bottling operations and franchise bottling partners has a strong network of close to 4 million retail outlets through which it refreshes millions of consumers across the country. It seeks to positively impact people’s lives, communities and the planet through water replenishment, packaging recycling, sustainable agriculture initiatives and carbon emission reductions across its value chain.

Globally together with its bottling partners, The Coca-Cola Company employs more than 700,000 people, helping to bring economic opportunity to local communities worldwide. Learn more at http://www.cocacolacompany.com and follow us on Twitter, Instagram, Facebook and LinkedIn.

“The Best Time To Start Retirement Planning Is Now”, Says HDFC Life’s Latest Campaign

HDFC Life, one of India’s leading insurers, has unveiled its latest campaign focused on the critical need for timely retirement planning. The growing elderly population in India coupled with rising life expectancy due to advancements in healthcare and improved standards of living, makes retirement planning imperative.

With individuals projected to require 30 years of income post-retirement by 2050*, early and strategic retirement planning is essential. Despite recognising the importance of starting early, many Indians face a significant gap between intent and action. Alarmingly, 90% of individuals, above the age of 50 years, regret having delayed their retirement planning**.

HDFC Life’s latest campaign highlights a common barrier leading to postponement of retirement planning. Parents usually prioritise financial commitments such as home loan repayments, children’s education, or immediate family needs over their own retirement planning. This postponement diminishes the retirement corpus, as late planning offers limited time for wealth accumulation.

HDFC Life’s new campaign leverages a relatable milestone – a child’s departure for college - as a pivotal moment for parents to begin their retirement planning journey. The campaign aims to create awareness about the need to secure one’s financial future while balancing familial responsibilities.

Speaking about the campaign, Vishal Subharwal – Group Head Strategy & Chief Marketing Officer - HDFC Life said, “The risk of outliving one’s savings is one of the biggest concerns that individuals face during their lifetime. The solution lies in starting retirement planning early to harness the power of compounding. Very often, in India, this is postponed by individuals until their children’s future is secured. Our main message through this campaign is that an individual needs to start planning early for their golden years and the best time is now.”

Adding further, Vikram Pandey – Chief Creative Officer Leo Burnett, South Asia said, “Often it isn’t until their mid fifties that people realise they haven’t planned enough for their retirement, and then it gets too late. In this campaign for HDFC Life, through the story of the couple who are transitioning to a new phase in life as they deal with an empty nest, we wanted to reiterate that this is also a time to shift your financial priorities, as you set your sights toward retirement and funding the next chapter of your life. And who better than HDFC Life to plan this with.”

The campaign has been launched across diverse platforms, including television, digital, and other mass media, ensuring maximum reach and impact.

HDFC Life continues to advocate for financial literacy and awareness, emphasising the importance of proactive retirement planning in today’s dynamic economic landscape.

MAHE Achieves Landmark FWCI Of 1.5, Reflecting Global Research Excellence

Manipal Academy of Higher Education (MAHE) is proud to announce that its Field-Weighted Citation Impact (FWCI) has soared past the 1.5 mark, a monumental achievement that underscores the institution's growing influence in global research. This milestone represents a significant leap from an FWCI of 0.53 in 2020, showcasing the relentless dedication, cutting-edge research, and collaborative spirit of MAHE’s scholarly community.

The FWCI, a key metric reflecting the quality and impact of research, measures citations received relative to the global average in a specific field. Crossing the 1.5 threshold positions MAHE firmly among the top-tier research institutions worldwide.

Speaking on this remarkable achievement, Dr. H S Ballal, Pro-Chancellor of MAHE, said, "This milestone is a proud moment for MAHE and a testament to the hard work and ingenuity of our researchers. It reinforces our commitment to fostering a culture of academic excellence and innovation. I am confident that MAHE will continue to scale greater heights in the global research landscape."

Echoing this sentiment, Lt Gen (Dr) M D Venkatesh, VSM (Retd), Vice-Chancellor of MAHE, stated, "The leap in our FWCI is a reflection of the transformative strides made by MAHE in advancing research capabilities and fostering impactful collaborations. With world-class facilities like the Central Instrumentation Facility and the BSL 3 Facility, coupled with robust library support and open-access initiatives, our researchers are equipped to excel further. We remain committed to supporting interdisciplinary research and large-scale grants to elevate our impact globally."

MAHE’s growth is powered by a thriving research ecosystem that includes state-of-the-art infrastructure, a proactive approach to fostering collaborations, and support for open access, ensuring widespread dissemination of its scholarly work. These elements, combined with the unwavering commitment of its researchers, have made this landmark achievement possible.

As MAHE looks ahead, it aims to further bolster its contributions to the global research community by promoting innovative projects, enhancing interdisciplinary research efforts, and building impactful partnerships.

About Manipal Academy of Higher Education:

Manipal Academy of Higher Education (MAHE) is an Institution of Eminence Deemed-to-be University. MAHE offers over 400 specializations across the Health Sciences (HS), Management, Law, Humanities & Social Sciences (MLHS), and Technology & Science (T&S) streams; through its constituent units at campuses in Manipal, Mangalore, Bangalore, Jamshedpur, and Dubai. With a remarkable track record in academics, state-of-the-art infrastructure, and significant contributions to research, MAHE has earned recognition and acclaim both nationally and internationally. In October 2020, the Ministry of Education, Government of India, awarded MAHE the prestigious Institution of Eminence status. Currently ranked 4th in the National Institutional Ranking Framework (NIRF), MAHE is the preferred choice for students seeking a transformative learning experience and an enriching campus life, as well as for national & multi-national corporates looking for top talent.

Honda Motorcycle & Scooter India Sells 4,72,749 Units In November’24

Honda Motorcycle & Scooter India (HMSI) announced its overall sales for the month of November 2024.

During the month, the company’s dispatches stood at 4,72,749 units. This includes domestic sales of 4,32,888 units and 39,861 units exports.

Noteworthy, HMSI’s YTD sales (April – November 2024) stands at 42,28,837 units. This includes 38,67,427 units of domestic sales and 3,61,410 units exports.

Key Highlights of November 2024: 

Product: Honda Motorcycle & Scooter India (HMSI) today ushered into the next era of mobility with the introduction of ACTIVA e: and QC1 in the electric vehicle segment. The unveiling of the iconic Activa brand in an all-new electrified avatar along with the QC1 marks a pivotal moment in the brand’s commitment to sustainable mobility in India. Bookings for the same will begin on January 1, 2025, and deliveries will commence from February 2025 onwards.

Road Safety: Expanding road safety awareness in India, HMSI conducted awareness campaigns in 09 cities across India – Hyderabad (Telangana), Guwahati (Assam), Bijapur (Karnataka), Karimnagar (Telangana), Bareilly (Uttar Pradesh), Kollam (Karnataka), Alibag (Maharashtra), Jalna (Maharashtra), and Dwarka (Gujarat).   

Toyota Kirloskar Motor Joins Hands To Celebrate Hornbill Music Festival 2024 For The Third Consecutive Year

Toyota Kirloskar Motor (TKM) today announced its continued association with the prestigious Hornbill Music Festival, one of India’s most iconic cultural celebrations, for the third consecutive year through the title sponsorship. Held at the Naga Heritage Village, Kisama, in Kohima District, Nagaland, the festival runs from December 2 to December 10, featuring exciting performances, including a special opening act by Japan’s renowned drum ensemble, Drum Tao. This unique collaboration brings together traditional and contemporary musical experiences, showcasing a deep cultural bond. TKM’s ongoing partnership with the Hornbill Music Festival reflects the company’s deeper connections with the people of Nagaland and Northeast, and support to promote the rich cultural heritage.

This year, the Hornbill Music Festival was inaugurated in the presence of senior leadership from Toyota Kirloskar Motor (TKM), including Ms. Manasi Tata, Vice Chairperson of TKM & Toyota Kirloskar Auto Parts (TKAP); Mr. Tadashi Asazuma, Deputy Managing Director for Sales, Service, and Used Cars at TKM & Lexus and Mr. Vikram Gulati, Country Head and Executive Vice President. The event was also witnessed the presence of TKM’s valued business associates – Mr. Y Vikheho Swu, Managing Director of Okusa Toyota; Mr. Nobuaki Yahiro, Managing Director & CEO of Toyota Tsusho India; Mr. Takayuki Ueda, Managing Director & CEO of Toyota Tsusho Insurance Broker India; Mr. Ryusuke Miyake, Corporate Officer of Sumitomo Corporation & General Manager of Sumitomo Corporation Automotive Sales & Marketing SBU; Mr. Shinya Watanabe, Deputy Managing Director of Denso International India and Mr. Keitaro Asano, Managing Coordinator of Toyota Industries Engine India.

As a part of its active participation in the event, TKM has set up an engaging car pavilion at the Hornbill Music Festival, featuring a display of its various popular models, including the Innova Crysta, Innova Hycross (hybrid electric vehicle), Fortuner, Glanza, Urban Cruiser Hyryder, Urban Cruiser Taisor, Rumion, Camry, Hilux, and Vellfire.

TKM is deeply engaged in the Northeast, with a strong commitment to elevating customer experiences and shaping the region’s automotive landscape with its world-class products and exceptional services. Currently, TKM has set-up 39 touchpoints in the Northeast region and will continue to expand its network to meet the region’s growing demand. This underlines the company’s customer centric focus to delivering efficient, accessible, and enriching ownership experiences for Toyota customers across the Northeast.

Commenting about TKM’s association with the Hornbill Music Festival 2024, Mr. Sabari Manohar – Vice President, Sales-Service-Used Car Business, Toyota Kirloskar Motor, said, “We are thrilled to continue our partnership with the esteemed Hornbill Music Festival for the third year in a row. This collaboration underscores our resolute commitment to honouring the rich cultural heritage of Nagaland, a region renowned for its vibrant traditions and remarkable diversity. The Hornbill Music Festival is more than just a cultural event; it is a celebration of history, arts, and music, showcasing the unique identities of the Naga tribes, making it a vital part of India’s cultural tapestry. This platform not only allows us to foster strong connect with the local community, but also enable us to add excitement to their festive fervour by presenting our wide range of product offerings to the customer base in the region.”

As a part of its community development efforts in the skilling area, TKM has implemented the Toyota Technical Education Program (T-TEP) in the region, with the set-up of 7 institutes across Nagaland, Assam, Manipur, Meghalaya, Tripura and Sikkim. This skill initiative is undertaken in collaboration with Automotive Skills Development Council (ASDC), aimed to build technical skills among rural youth in the Northeast. Further, this is complemented by the “STAR” (Scholarship Program for Technical Education and Recognition) within T-TEP providing financial support to deserving students from economically challenged backgrounds, enabling them to pursue various technical courses to become skilled and employable technicians. Towards this, TKM will continue to take focused approach to enhance the skill outreach by establishing more such T-TEP institutes in the Northeast region.

These initiatives highlight TKM’s commitment to empowering youth, fostering economic growth, and developing industry-ready talent that will contribute to the sustainable growth of the automotive sector in the Northeast and beyond.

About Hornbill Music Festival: The Hornbill Music Festival, organized by the Department of Tourism and the Department of Art & Culture, Government of Nagaland, is a vibrant 10-day celebration that beautifully showcases the state’s rich cultural heritage covering art exhibitions, lively music and dance performances, traditional feasts, and indigenous games like archery, Naga wrestling, and other athletic sports, providing a captivating glimpse into the region's distinct customs.

Toyota Kirloskar Motor Concludes 32nd iCARE Activity, Strengthening Commitment To Community Development

Reaffirming its dedication to community service and sustainable development, Toyota Kirloskar Motor (TKM) successfully concluded its 32nd ‘iCARE (I Community Action To Reach Everyone’) activity at Government High School, Kannahalli, near Kengeri, Bangalore in Karnataka on 1st December 2024.  Launched in 2017, iCARE is TKM’s institutionalized Employee Volunteering Program (EVP), designed to empower employees to drive meaningful change in their communities through initiatives that promote education, environmental conservation, road safety, and skill development. By encouraging employees to give back to society, iCARE embodies TKM’s commitment to creating a positive and lasting impact on lives.

This edition of iCARE was organized in conjunction with International Volunteer Month, a global initiative celebrating and encouraging impactful volunteer efforts. Witnessing active participation from 200 passionate TKM volunteers, who joined hands with 100 enthusiastic students, the event showcased the transformative power of collective action in driving meaningful change. The participant rejuvenated the school’s environment by painting vibrant murals on classroom walls and creating educational cards designed to spark creativity and among students.

Speaking on the occasion, Mr. Sudeep S Dalvi, Senior Vice President & Chief Communication Officer, TKM, said, “At Toyota Kirloskar Motor, we believe that true progress is achieved when businesses actively contribute to the betterment of society. The 32nd iCARE activity is a testament to this belief. By transforming classroom spaces with vibrant murals and crafting educational tools that spark curiosity, this initiative goes beyond improving infrastructure—it fosters a culture of learning and growth for young minds. At TKM, we remain committed to empowering our employees to actively participate in initiatives that uplift communities, reinforce our shared values, and drive sustainable development. Together, we aim to continue creating lasting, transformative impacts, both for individuals and for society as a whole.”

Since its launch, the iCARE initiative has brought together over 2,659 dedicated volunteers across more than 30 impactful events, enriching the lives of over 67,000 community members. Spanning diverse focus areas such as education, environmental conservation, road safety, and skill development, the program embodies a holistic approach to community upliftment. Looking ahead, TKM is steadfast in its mission to inspire employees to actively participate in meaningful initiatives, further strengthening Toyota’s enduring commitment to social responsibility and creating a positive, lasting impact on society.