March 6, 2021

Maruti launches car lease subscription service

NEW DELHI: The nation’s largest carmaker
Maruti Suzuki India on Thursday launched its car lease subscription service for particular person prospects underneath ‘
Maruti Suzuki Subscribe’ model.

The corporate stated it has tied up with ORIX Auto Infrastructure Providers Ltd, a subsidiary of ORIX Company, Japan, to launch the subscription service in India.

The subscription service will start as a pilot undertaking in Gurugram and Bengaluru and shall be initially obtainable on Swift, Dzire, Vitara Brezza and Ertiga from
Maruti Suzuki ARENA Channel and Baleno, Ciaz and XL6 from NEXA Channel, the corporate stated in a regulatory submitting.

Maruti Suzuki India joins rival Hyundai Motor India, which had final yr launched its subscription mannequin initially in six cities throughout India as a part of its partnership with self-drive car-sharing agency Revv.

Equally, MG Motor India additionally affords its subscription companies by a strategic tie-up with Myles, the automobile sharing and automobile subscription firm from Carzonrent.

In Could this yr, German automobile maker Volkswagen had additionally launched its car-leasing schemes permitting prospects to lease all BS-VI compliant vehicles in its portfolio with a minimal lock-in interval starting from 2-Four years.

Car trade gamers are new methods of pushing gross sales and making automobiles accessible to prospects within the wake of the COVID-19 pandemic which has added an extra blow to the sector that was reeling by a protracted hunch from final yr.