Fastener maker offers Rs 6 crore product liability insurance for wheel nut

Punjab-based Auto Flow offers unique lifetime guarantee and product liability insurance for its AFLO wheel nut.

By Nilesh Wadhwa calendar 20 Feb 2019 Views icon17500 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp

Punjab-based aftermarket automobile fastener manufacturer Auto Flow has a unique proposition to sell its products. The company claims its wheel nut 'AFLO' series comes with a Rs 6 crore product liability insurance, which is renewed every year, translating into a lifetime warranty. The company's product portfolio includes wheel bolts, calliper pins, wheel nuts, A/C pulley bolts, lower arm bolts, special nuts and bolts, plug adaptors, centre bolts, sheet metal items and sump nuts.

In an interaction with Autocar Professional at the recent ACMA Automechanika 2019 in New Delhi, Auto Flow's boss Girish Grover revealed that the company has invested a lot to come up with a product which is not only cheaper and lighter than the ones used by OEMs but also is stronger and comes with a unique lifetime guarantee — Rs 6 crore insurance — to live up to the same standard that it was originally made.

According to Grover, if a vehicle involved in an accident is found to be because of a fault in the AFLO wheel nut, the company will reimburse a value of up to Rs 6 crore to the customer. This, the company says, is backed on the confidence of not having a single claim till date by any of its customers.

Grover further says the company is able to offer lower prices compared to OEMs because the suppliers keep a bigger margin on the low-volume products, hence the cost is passed on to the end-customer. But in the case of AFLO, since the company directly sells to the aftermarket, it is able to offer a better price.

Talking about plans to work with OEMs, Grover says he "doesn't want to become a direct supplier to OEMs" because this partnership/association opens the door for the company's patented product to be "reverse engineered".

 

 

RELATED ARTICLES
Hero Electric to source wiring harness solutions from Dhoot Transmission

auther Autocar Pro News Desk calendar08 Feb 2023

Dhoot Transmission has collaborated with the EV OEM on the 3D design for the wiring harness which is designed to deliver...

BYD India gets over 2,000 bookings for Atto 3 e-SUV, begins deliveries

auther Autocar Pro News Desk calendar07 Feb 2023

The Atto 3 has received more than 2,000 bookings since its launch in November 2022; only 1,200 units available to custom...

Ather Energy targets staffers of 2,500 corporates to make the shift to EVs

auther Autocar Pro News Desk calendar07 Feb 2023

Electric two-wheeler OEM bundles corporate discounts and exchange offers worth Rs 16,259 on Ather 450 e-scooters to driv...