India ranks the highest in vehicle theft rates with one car being stolen every minute. These stolen vehicles are usually sold out to stolen car dealers who further change the identifications and resell the car in low price. It has become a lucrative business opportunity in the country.
In India, the stolen vehicle market is estimated to be 1,000 crore in India with Delhi, Mumbai and Bangalore reporting the highest incidences of theft. According to National Crime Records Bureau, Maharashtra topped the theft rate. The number of car theft incidences in Delhi was reported to be 4337 in 1999, 4225 in 2000 and almost over 5789 in 2007. Total numbers of more than 40,000 cars, costing about 160 crore, are stolen every year in the country. Some of the lost cars have also been traced by the National Crime Records Bureau (NCRB).
The proportion of stolen cars is more in case of old cars as compared to brand new cars. This is because it’s easy to mold the basic features and accessories of the old cars. New cars have smooth finish and excellent appeal. With such a good finish, it becomes difficult to sell the car in the stolen car market. Selling a brand new car at a comparatively low price creates uneasiness among the car consumers. For them it’s really hard to believe the low-cost availability of new cars.
Even the insurance companies are taking benefits of the increasing numbers of car theft . These companies have raised their insurance premiums in answer to car theft cases. Here too car buyers are facing a tough time.
As the number keeps on growing, in 2007, the government made it compulsory for al car owners to equip anti-theft devices in their cars. Still, various measures and steps have to be taken by the car owners to reduce such incidences. Till the car owners themselves don’t participate in the war against car theft, the government, transport authorities and crime branch can do nothing.
Every car owner is not lucky to have his or her car traced. So, it is important to take some preventive measures and give a blow to car thieves. Outfitting the car with anti-theft devices is one of the best ways to reduce the theft cases. Today a wide range of such devices are available including the steering lock, tyre lock, car alarms, gearshift locks, electronic key and many more. These anti theft devices are not foolproof but they definitely help to deter car thieves and slow down their stealing process. Many anti-theft devices are also help to protect car burglaries and vandalism.
So, try to install at least some of the most effective anti-theft devices, this will help the crime branch functional to catch hold of car thieves. Eventually, the associative work will slow down the number of car theft cases.
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