Updated Royal Enfield prices with mandatory five-year insurance

08/09/2018 - 15:07 Royal Enfield Himalayan, Royal Enfield Suvil Susvirkar

The Insurance Regulatory and Development Authority (IRDA) has made the five-year third party insurance mandatory as against the current coverage for one year which has resulted in increased on-road prices of the vehicles. The Supreme Court of India passed the judgement that the third party insurance cover for two-wheelers should be for a period of five years.

royal enfield classic 350 signals edition — Insurance Regulatory and Development Authority (IRDA) has made the five-year third party insurance mandatory which has resulted in a price hike of all the vehicles that are sold in the Indian market.

Also read: Royal Enfield Himalayan ABS launched in India; deliveries commence - Report

Prices for the five year mandatory insurance for RE bikes range from INR 7,781 (for the Bullet STD - 350 UCE) to INR 17,558 (for the Thunderbird 500X). Apart from the mandatory insurance, buyers can also opt for the more premium offerings which include:

One-year zero-depreciation insurance and four-year third-party insurance (Ranges from INR 8,563 to INR 18,895)
Five years comprehensive insurance (Ranges from INR 13,112 to INR 26,918)
Five-year zero-depreciation insurance (Ranges from INR 16,725 to INR INR 33,597)

The insurance options, listed above, will increase the prices further. Check out the updated prices of Royal Enfield motorcycles after the mandatory five-year insurance. All prices mentioned below are for Mumbai:

Model	Ex-showroom	RTO charges	1 yr. Comp. + 4 yr. TP	On-road	Optional 1 yr. Zero Dep. + 4 yr. TP	Optional 5 yr. Comp.	Optional 5 yr. Zero Dep.
Bullet STD - 350 UCE	INR 1,16,207	INR 14,824	INR 7,781	INR 1,38,812	INR 8,563	INR 13,112	INR 16,725
Bullet 350 Electric Start	INR 1,30,495	INR 16,573	INR 7,910	INR 1,54,978	INR 8,789	INR 13,898	INR 18,286
Bullet 500	INR 1,68,480	INR 21,222	INR 17,273	INR 2,06,975	INR 18,407	INR 25,213	INR 30,879
Classic 350 (rear disc brake)	INR 1,47,195	INR 18,617	INR 8,061	INR 1,73,873	INR 9,052	INR 14,815	INR 19,765
Classic 350 Gun Grey	INR 1,48,113	INR 18,729	INR 8,070	INR 1,74,912	INR 9,067	INR 14,865	INR 19,486
Classic Signals 350	INR 1,61,984	INR 20,427	INR 8,195	INR 1,90,606	INR 9,286	INR 15,627	INR 21,075
Classic 500	INR 1,84,938	INR 23,236	INR 17,429	INR 2,25,603	INR 18,674	INR 26,144	INR 27,389
Classic 500 Matte	INR 1,87,870	INR 23,595	INR 17,456	INR 2,28,921	INR 18,721	INR 26,311	INR 32,629
Classic 500 Chrome	INR 1,95,371	INR 24,513	INR 17,528	INR 2,37,412	INR 18,843	INR 26,735	INR 33,305
Thunderbird 350	INR 1,49,750	INR 18,929	INR 8,084	INR 1,76,763	INR 9,093	INR 14,955	INR 19,991
Thunderbird 500	INR 1,90,872	INR 23,963	INR 17,485	INR 2,32,320	INR 18,770	INR 26,480	INR 33,597
Thunderbird 350X	INR 1,56,581	INR 19,766	INR 8,146	INR 1,84,493	INR 9,200	INR 15,330	INR 20,596
Thunderbird 500X	INR 1,98,604	INR 24,909	INR 17,558	INR 2,41,071	INR 18,895	INR 26,918	INR 33,597
Himalayan ABS	INR 1,78,833	INR 22,489	INR 17,371	INR 2,18,693	INR 18,575	INR 25,799	INR 31,813
Himalayan Sleet ABS	INR 1,80,669	INR 22,714	INR 17,388	INR 2,20,771	INR 18,604	INR 25,903	INR 31,979

Royal Enfield Himalayan Sleet front left quarter at 2018 BIMS — Buyers can also opt for more premium insurance packages for extra cost. All the options are listed in the table above.

Also read: Royal Enfield Himalayan wears Dakar Rally inspired outfit in Thailand

The price increase is applicable on ALL vehicles that will be sold in the Indian market. Thus, the resulted increase due to the mandatory five year insurance is not likely to affect sales of any particular manufacturer.

[Source: AutocarIndia.com]