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Showroom loses 357 brand new cars in floods

NYOOOZ 2018-09-12 05:30:00

Showroom loses 357 brand new cars in floods

  • By TOI
  • | Wednesday | 12th September, 2018

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KOCHI: A car showroom in Thrissur is scrapping 357 flood-hit brand new cars after the insurance company wrote them off as ‘total loss’. Industry sources said nearly 1,000 brand new cars and 7,000-8,000 customer cars of various automobile companies were damaged across Kerala in the recent floods. “The details of these flood affected cars will be blocked in the dealership management system (DMS) of the company, forbidding anybody to pass them off as brand new vehicles. “The showroom had originally stocked around 500 new cars but as the water level rose, it managed to move some of them to safer areas.”A BRD Car World official confirmed that the vehicles were affected. The original market value of these 357 new vehicles, including GST, is Rs 28.75 crore,” a source in the know of the things said.

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