What is pro rata in battery warranty?

Pro-rata Warranty: Under this warranty, if an item fails before the end of the warranty period, it is replaced at a cost that depends on the age of the item at the time of failure. This type of warranty sometimes is also called partial warranty, since only a part of the initial cost is covered.

How is prorated battery warranty calculated?

The customer pro-rated charge for a replacement battery is calculated based on the Retail Price shown on the Mobile Battery Price Sheet (not the actual selling price). A “warranty cost per month” is calculated by dividing the battery price by the number of months in the offered warranty.

What is the warranty period for battery?

The label on every Exide battery specifies the total number of months covered by the free replacement period and the Pro-Rata period for batteries fitted in private cars, multi-utility vehicles, two-wheelers, inverters, gensets and solar applications. i. For commercial and metered taxis the warranty is 12 months.

How does a battery warranty work?

How do pro-rated warranties work? Let’s suppose a battery has a five-year warranty, with the first two years offering free replacement. That means if the battery fails anytime within the first two years of service, it is replaced for free. After those first two years, a pro-rated fee is assessed for the replacement.

How do I know if my battery is still under warranty?

The warranty date code is located on the top label of the battery. The first character is either a P or S. The next two digits determine the month, the third digit is year and the fourth digit indicates the manufacturing plant. For example, P 097N means the battery was made in September 2017.

What means pro rata?

It essentially translates to “in proportion,” which means a process where whatever is being allocated will be distributed in equal portions. If something is given out to people on a pro rata basis, it means assigning an amount to one person according to their share of the whole.

How do I know if my car battery is still under warranty?

What does the date sticker on a Walmart car battery mean?

The “9/16” marker (at Walmart, at least) is the nominal date of manufacture – the actual date may be a few weeks earlier. It’s used for warranty replacements. Walmart batteries are often on a 3+2 warranty – if it fails within the first three years, you get a completely free replacement battery.

How do I claim a battery warranty?

Check for the date of manufacture for claiming your warranty if your battery has failed under warranty period. Make sure you have the warranty card with you for claiming the battery replacement under warranty period. If your battery is not under warranty, then choose your right battery as per your vehicle model.

Are battery covered under warranty?

Batteries: Most automakers will cover regular 12-volt batteries under the bumper-to-bumper warranty in cases where the battery is defective. If the battery is drained and you have roadside-assistance coverage, most automakers will send someone out to give you a jump start.

Is a dead battery covered under warranty?

What is meant by the pro rata warranty on batteries?

Means the replacement battery would fetch you 100 Rs discount only. Thanks for viewing and up-voting it. If your battery fails in the pro-rata warranty cycle then you will get a discount on the price of the new battery you have to purchase. The pro-rata warranty is counted from the date of purchase to the date of complain.

How long is the warranty on Walmart batteries?

This will differ for each battery, so read on the description before you purchase or on your current battery. Walmarts Everystart batteries include a 5-year warranty, the first years you will receive a free battery if anything happens with your first one. The last 2 year you get a pro-rated price on your next battery purchase.

How to do a pro rata warranty simulation?

You can use ReliaSoft’s RENO, Weibull++ or BlockSim software to obtain the desired results. The following steps will show how to estimate the warranty cost in BlockSim. Second, conduct the simulation with the End Time = 1825.

How is the warranty cost per unit calculated?

The warranty cost per unit is calculated by: Solving the above equation, we get r = 6.497. The unit price for the product after adding the warranty cost is $56.497, which is very close to the analytical solution of $56.117.