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Understand Why MLSI Stands Out As The Top Choice For Your Children's Education. From Academic Rigor To Holistic Development, MLSI Offers An Unmatched IB Curriculum & A Nurturing Environment.

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Join the green revolution with Quiklyz's electric vehicle leasing options. Enjoy the benefits of EVs without the commitment of ownership. Find out more.

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Quiklyz offers the smartest way to drive your dream car without the long-term commitment. Discover how our subscription model can change the way you experience mobility.

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Know the benefits of car leasing by Quiklyz, the future of car leasing in India. We offer seamless and hassle-free vehicle access. Learn more now!

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Quiklyz by Mahindra Finance offers a smarter way to lease a car in India. Watch to see how easy and convenient car ownership can be.

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Why Gen Y & Gen Z Prefer Leasing Over Ownership

Millennials and Gen Z are driving significant disruptions today. From moving beyond the 9-5 work culture to wanting to drive change and sustainability to seeking more options when it comes to transportation. So, what makes this demographic different? Is it the fact that they are digital-first natives and expect flexibility and mobility across all their transactions or more than that?

Let us first answer, who are millennials & the Generation Z? While there may be some debate between the actual birth years, anyone who is born between 1981 and 1997 can be tagged as a millennial. Many also refer to millennials as the ‘Gen Y’ generation or ‘digital’ natives. On the other hand, ‘Gen Z’ refers to anyone born between 1997 and 2015. The reason is primarily due to the year of birth or coming of age at the dawn of the 21st century. These ‘plugged in’ generations were the first people to be born in a digital world where technology is a part of everyday life. According to popular statistics, a typical millennial checks their smartphone at least 150 times a day; the oldest millennial had access to the internet since high school.

Interestingly, there has been a dramatic shift in culture and value for Gen Y and Gen Z generations. They have completely redefined relationships. The difference between the baby boomers and the Gen X generation is quite stark. Whether it is hanging out with friends online, getting married and having children by a certain age, planning retirement, or even buying a house or a vehicle, the traditional yardsticks simply do not apply to this group. Instead of concentrating on the ownership of assets, millennials today are more focused on achieving professional success and giving themselves the time to attain financial freedom.

The power of ownership is wavering on these digital natives. Home ownership among millennials in the United States fell to 34% in 2016, a record low in five decades. In 2020, the figure went up to 47.9%, which was still low. And young consumers, according to the U.S. auto industry is predisposed to leasing vehicles as opposed to owning them.

The scenario is not very different in India. Indian millennials and Gen Z are shying away from long term financial obligations that come with owning high value assets like a home or a vehicle. While convenience and connectivity are definite considerations, the need of the hour is flexibility. And owning assets such as homes and vehicles certainly do not contribute to reaching that objective.

The primary belief among these two generations is in the contemporary pattern of ‘pay as you go’. And leasing falls completely in line with that. At the end of the day, it simply comes down to a shorter commitment.

The 3 major trends that are influencing Gen Y and Gen Z towards leasing and subscription models today are gratification, commitment, and affordability.

A Stanford University study touted that delayed gratification is a significant precursor to success. In today’s on-demand world, the term ‘delayed’ is subjective. Millennials and Gen Z, on the other hand, are people who seek instant gratification that can be easily attained through leasing and subscription models and with much less financial planning.

Gen Y and Gen Z today are more interested in spending their hard-earned money on experiences rather than investing in ownership of assets. Only about 30% of millennials live with a spouse and child are married compared to 46% of baby boomers when they were of the age that millennials are now. This simply goes on to show that this generation is not big on commitment at all – something that is closely associated with asset ownership.

A key consideration among millennials when it comes to ownership of assets is affordability. Moreover, many such purchases require financial down payments that a lot of the Gen Y and Z generation people have not had time to create. In such situations, renting or leasing seems like a more attractive option.

All these trends drive in the same direction to make it clear how leasing fits in perfectly with the millennial lifestyle. Depreciating assets like vehicles are not something that millennials and Gen Z want to invest in at all. In fact, they look for freedom of choice combined with minimizing any long-term financial obligations. This frees up capital that they can use elsewhere - an idea that fits in with the Gen Y and Z lifestyle completely.

According to Deloitte's 2019 Global Automotive Consumer Study, 51% of Indian millennials are reevaluating their need to own a vehicle. On the other hand, leasing makes it possible for the Gen Y and Z generations to access the convenience of a private vehicle along with tax benefits minus the responsibilities of regular maintenance, insurance, etc. Moreover, if one is a vehicle buff, changing over to the latest models as they arrive in the market is a real possibility that cannot happen frequently if one owns the vehicle.

For the auto sector, the idea of leasing is a gamechanger. Many in the automobile sector even believe that lease penetration is correlated to long term customer loyalty. From a consumer perspective, it shows the inclination towards the concept of shared mobility powered by digital solutions ensuring a safe commute for those availing of the service.

The feeling is not just limited to leasing vehicles. Given that demand is increasing, the concept is slowly spreading across multiple product categories and is predicted to explode in the next few years. So long as the model caters to the fuss-free lifestyle of these two generations, leasing is here to stay.

If you are in the market for innovative vehicle leasing solutions, explore our bouquet of services by logging onto www.quiklyz.com.

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Quiklyz Offers India's Largest Range of EVs for Leasing & Subscription

EVs (4W and 3W) from leading OEMs including Mahindra, Tata Motors, Mercedes-Benz, MG, Audi, Jaguar and Piaggio on offer

Monthly subscription fee starting at Rs 21,399 per month for electric 4W and Rs 13,549 for electric 3W load

Monthly fee covers insurance, maintenance and road-side assistance and flexibility to upgrade

Mumbai, January 12, 2022: Quiklyz, the vehicle leasing and subscription business vertical of Mahindra & Mahindra Financial Services Limited (Mahindra Finance/ MMFSL), today announced that it will offer the widest range of electric vehicles (EVs) for leasing and subscription to potential customers. Quiklyz is a new-age digital born vehicle leasing and subscription platform that offers great convenience, flexibility, and choice to customers across Indian cities.

Quiklyz currently has the largest portfolio of EVs on the subscription platform. The portfolio spans across electric 4W from the leading OEMs offering electric vehicles including Mahindra, Tata Motors, Mercedes-Benz, MG Motors, Audi, and Jaguar as well as electric 3W load vehicles from Mahindra and Piaggio for e-commerce fleet operators.

Customers will have the flexibility to upgrade their vehicle in 2-3 years keeping in tune with ever increasing technology features in newer EV launches going forward.

The EVs on-road price is currently higher than petrol and diesel vehicles, although the running cost is much lower. The customers intending to purchase EV vehicles through bank loans therefore must pay very high down payment. However, with Quiklyz there is no requirement for down payment, and monthly subscription charges for EV 4W starts from as low as INR 21,399 / per month.

Turra Mohammed, SVP & Business Head – Quiklyz mentioned, “As the world is moving on from conventional fuels to alternative sources of energy for powering transport, electric vehicles are emerging as a popular choice among the planet conscious customers. Quiklyz will continue to focus on EVs and will create an exciting platform for customers to have access to EVs in an affordable and hassle-free manner. All of this will be in keeping with India’s commitment to become carbon-neutral by 2070”.

Quiklyz is also the leading provider for subscription of Electric 3Ws used in last mile delivery by e-commerce companies. Suman Mishra - CEO Mahindra Electric added, “Leasing & Subscription is becoming an important channel for our Electric 3W specifically in load segment to new age enterprises. We look forward to continuing working with Quiklyz to provide such innovative financing solutions for our customers”.

The company plans to add more EVs in its portfolio, as it aims to create exciting EV subscription products for its customers. Quiklyz’s vehicle subscription model ensures that there’s no risk or uncertainty about maintenance, battery life, resale value, etc. when it comes to adopting a new technology

The customers can access various offerings and book their dream vehicle on Quiklyz.com. The website will facilitate an extremely simple vehicle booking and delivery journey for the customer. Additionally, customers can also reach out to Quiklyz over email at quiklyz.service@mahindra.com or call at 1800-209-7845 for support.

About Mahindra & Mahindra Financial Services Limited

Mahindra & Mahindra Financial Services Limited (Mahindra Finance), part of the Mahindra Group, is one of India’s leading non-banking finance companies. Focused on the rural and semi-urban sector, the Company has over 7.3 Million customers and has an AUM of over USD 11 Billion. The Company is a leading vehicle and tractor financier, provides loans to SMEs and also offers fixed deposits. The Company has 1,388 offices and reaches out to customers spread over 3,80,000 villages and 7,000 towns across the country.

Mahindra Finance has been ranked 54th among India’s Best Companies to Work 2021 by Great Place to Work Institute.

Mahindra Insurance Brokers Limited (MIBL), the Company's Insurance Broking subsidiary is a licensed Composite Broker providing Direct and Reinsurance broking services.

Mahindra Rural Housing Finance Limited (MRHFL) a subsidiary of Mahindra Finance provides loans for purchase, renovation, construction of houses to individuals in the rural and semi-urban areas of the country.

Mahindra Finance CSR Foundation is a wholly-owned subsidiary company, under the provisions of section 8 of the Companies Act, 2013 for undertaking the CSR activities of the Company and its subsidiaries.

Mahindra Manulife Investment Management Private Limited (formerly known as Mahindra Asset Management Company Private Limited) acts as the Investment Manager of Mahindra Manulife Mutual Fund (formerly known as Mahindra Mutual Fund). On 29th April, 2020 Mahindra Finance divested 49% stake in its wholly-owned subsidiary, Mahindra Manulife Investment Management Private Limited to Manulife Investment Management (Singapore) Pte. Ltd., to form a 51:49 joint venture.

Mahindra Manulife Trustee Private Limited (MMTPL), (formerly known as Mahindra Trustee Company Private Limited) acts as a Trustee to Mahindra Manulife Mutual Fund (formerly known as Mahindra Mutual Fund). On 29th April, 2020 Mahindra Finance divested 49% stake in its wholly-owned subsidiary, Mahindra Manulife Trustee Private Limited to Manulife Investment Management (Singapore) Pte. Ltd. to form a 51:49 joint venture.

The Company has a Joint Venture in the US, Mahindra Finance USA LLC, in partnership with De Lage Landen, a subsidiary of Rabo Bank, for financing Mahindra vehicles in the US.

Ideal Finance Limited (Ideal Finance) is a subsidiary of the Company in Sri Lanka, in which the Company owns 58.2% stake. Ideal Finance focuses on providing a diversified suite of financial services to the Sri Lankan market.

Learn more about Mahindra Finance on www.mahindrafinance.com / Twitter and Facebook: @MahindraFin

About Mahindra

Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. 

The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise. Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room

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Quiklyz Partners with Leading Last Mile Mobility Players for EV Leasing

Quiklyz signs MOUs with five Last Mile Mobility players to deliver 1000 electric 3-wheelers

Deliveries to be completed in 6 months, pan India

Vehicles to be used for delivery & logistics

Mumbai, 23rd November 2022: Quiklyz, the vehicle leasing and subscription business of Mahindra & Mahindra Financial Services Limited (Mahindra Finance/ MMFSL), has signed MOUs with prominentLast Mile Mobility players for leasing over 1000 electric 3-wheelers (3W). Quiklyz plans to deliver these leased vehicles over the next six months, spread across India deliveries, opening up newer opportunities in EV leasing.

The MOUs have been signed upwithMahindra Logistics Limited, MoEVing Urban Technologies Pvt Ltd., Creativity at Best Technologies Pvt. Ltd., Magenta EV Solutions Pvt Ltd. and, Terrago Logistics Pvt Ltd. The signing was done on the sidelines of the launch of Mahindra Electric’s Zor Grand in Bengaluru recently.

The three-wheeler electric vehicles will be used primarily for delivery and logistics purposes.

Raul Rebello, COO, Mahindra Finance said, “India’s transition to EV has accelerated in the last few years which has given a major boost to the Indian EV financing ecosystem. With these recent partnerships our aim is to be early adopters of this disruptive technology, our way of contribution in India achieving its goal of becoming carbon-neutral by 2070”.

Shailesh Kumar – Director, CABT logistics mentioned, “We started our journey with Quiklyz four months ago and were delighted with our experience as a client. With this MOU we commit to strengthen this relationship further with the ease of flexibility leading to business growth for both the organisations and our environment at large”.

Mohammad Turra, Senior VP & Head, Quiklyz added, “We continue to deliver on our commitment in providing innovative leasing solutions to popularize Electric Vehicles in India across segments and are delighted to partner with leading players in last mile space. With due consideration to the growing e-3W segment and the increasing focus on green mobility, it will be our continuing endeavor to work closely with stakeholders in the sustainable mobility space”.

Quiklyz has already provided leasing solutions to over 1000 electric vehicles over the last 12 months including passenger vehicles and three-wheelers. It currently has the largest portfolio of EVs in Last Mile Mobility on its leasing and subscription platform; in collaboration with major EV manufacturers. Quiklyz has been a front-runner in promoting leasing solutions for logistics and last mile e-mobility across the Indian metro cities through continuous collaborations with prominent e-commerce companies.

Quiklyz has partnered with more than 15 electric last mile mobility delivery companies and several electric mobility providers since its inception. The platform has leased electric vehicles across cities including Mumbai, Bengaluru, Chennai, Delhi, Hyderabad, Pune,  Noida, Gurugram, Indore and Nagpur.

About Mahindra & Mahindra Financial Services Limited

Mahindra & Mahindra Financial Services Limited (Mahindra Finance), part of the Mahindra Group, is one of India’s leading non-banking finance companies. Focused on the rural and semi-urban sector, the Company has over 8.4 million customers and has an AUM of over USD 11 Billion. The Company is a leading vehicle and tractor financier, provides loans to SMEs and also offers fixed deposits. The Company has 1,386 offices and reaches out to customers spread over 3,80,000 villages and 7,000 towns across the country.

Mahindra Finance has been ranked 54th among India’s Best Companies to Work 2021 by Great Place to Work Institute.

Mahindra Insurance Brokers Limited (MIBL), the Company's Insurance Broking subsidiary is a licensed Composite Broker providing Direct and Reinsurance broking services.

Mahindra Rural Housing Finance Limited (MRHFL) a subsidiary of Mahindra Finance provides loans for purchase, renovation, construction of houses to individuals in the rural and semi-urban areas of the country.

Mahindra Finance CSR Foundation is a wholly owned subsidiary company, under the provisions of section 8 of the Companies Act, 2013 for undertaking the CSR activities of the Company and its subsidiaries.

Mahindra Manulife Investment Management Private Limited (formerly known as Mahindra Asset Management Company Private Limited) acts as the Investment Manager of Mahindra Manulife Mutual Fund (formerly known as Mahindra Mutual Fund).

Mahindra Manulife Trustee Private Limited (MMTPL), (formerly known as Mahindra Trustee Company Private Limited) acts as a Trustee to Mahindra Manulife Mutual Fund (formerly known as Mahindra Mutual Fund).

Mahindra Ideal Finance Limited (MIFL) is a subsidiary of the Company in Sri Lanka, in which the Company owns 58.2% stake. MIFL focuses on providing a diversified suite of financial services to the Sri Lankan market.

The Company has a Joint Venture in the US, Mahindra Finance USA LLC, in partnership with De Lage Landen, a subsidiary of Rabo Bank, for financing Mahindra vehicles in the US.

Learn more about Mahindra Finance on www.mahindrafinance.com / Twitter and Facebook:

@MahindraFin 

About Mahindra

Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. 

The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room

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Quiklyz Now Available in 5 More Cities for Vehicle Leasing and Subscriptions

Quiklyz extends vehicle leasing and subscription services

to 5 additional cities

Vehicles from leading OEMs including Mahindra, Maruti Suzuki, Hyundai, Tata Motors, Kia and other OEMs on offer

Attractive schemes both for personal and corporate customers

Quiklyz now spreads across 13 cities, pan India

Mumbai, 3rd March 2022: Quiklyz, the vehicle leasing and subscription platform of Mahindra & Mahindra Financial Services (Mahindra Finance/ MMFSL), today announced expansion of its services in 5 additional cities. With this announcement, Quiklyz will be now available across 13 cities pan India.

The cities in which Quiklyz have started the service include Ahmedabad, Kolkata, Manesar, Faridabad and Ghaziabad. The company is planning to expand its presence in 30 cities over the next 3 months. Quiklyz earlier had launched its services in 8 metro cities including Bengaluru, Chennai, Delhi, Gurugram, Hyderabad, Mumbai, Noida, and Pune in November 2021.

Speaking on expansion in new geographies, Turra Mohammed, SVP & Business Head – Quiklyz commented. "We have seen very good traction since our launch both with our Retail subscription product through Quiklyz.com and our Corporate lease products. With shift in consumer mindset and more openness towards flexible vehicle ownership models, we are very excited to rapidly take Quiklyz across many more cities”.

‘Quiklyz’, a new-age digital platform aims to provide great convenience, flexibility and choice to customers across geographies. The company offers hassle free access to vehicle to its customers. . Quiklyz will be available to both retail and corporate customers. Under the corporate segment, it aims to offer services to and fleet operators, while in the retail segment the company will offer services to a wide range of customers, especially millennial mindset salaried and self-employed individuals.

Quiklyz currently has largest portfolio of electric vehicles (EVs) on its leasing and car subscription platform. The vehicles from leading OEMs including Mahindra, Tata Motors, Mercedes-Benz, MG, Audi, and Jaguar will be on offer for customers. Quiklyz’s value proposition for its customers include zero down payment schemes, range of subscription tenure options, only one fixed monthly fee, white number plate and RC in customer’s name, no resale or maintenance hassle, and more.

The customers can access various offerings and book their dream vehicle on Quiklyz.com. The website will facilitate extremely simple vehicle booking and delivery journey for the customer. Additionally, customers can also reach out to Quiklyz over email at quiklyz.service@mahindra.com or call 1800-209-7845 for support.

About Mahindra & Mahindra Financial Services Limited 

Mahindra & Mahindra Financial Services Limited (Mahindra Finance), part of the Mahindra Group, is one of India’s leading non-banking finance companies. Focused on the rural and semi-urban sector, the Company has over 7.3 Million customers and has an AUM of over USD 11 Billion. The Company is a leading vehicle and tractor financier, provides loans to SMEs and also offers fixed deposits. The Company has 1,388 offices and reaches out to customers spread over 3,80,000 villages and 7,000 towns across the country. 

Mahindra Finance has been ranked 54th among India’s Best Companies to Work 2021 by Great Place to Work Institute.

Mahindra Insurance Brokers Limited (MIBL), the Company's Insurance Broking subsidiary is a licensed Composite Broker providing Direct and Reinsurance broking services. 

Mahindra Rural Housing Finance Limited (MRHFL) a subsidiary of Mahindra Finance provides loans for purchase, renovation, construction of houses to individuals in the rural and semi-urban areas of the country. 

Mahindra Finance CSR Foundation is a wholly-owned subsidiary company, under the provisions of section 8 of the Companies Act, 2013 for undertaking the CSR activities of the Company and its subsidiaries. 

Mahindra Manulife Investment Management Private Limited (formerly known as Mahindra Asset Management Company Private Limited) acts as the Investment Manager of Mahindra Manulife Mutual Fund (formerly known as Mahindra Mutual Fund). On 29th April, 2020 Mahindra Finance divested 49% stake in its wholly-owned subsidiary, Mahindra Manulife Investment Management Private Limited to Manulife Investment Management (Singapore) Pte. Ltd., to form a 51:49 joint venture. 

Mahindra Manulife Trustee Private Limited (MMTPL), (formerly known as Mahindra Trustee Company Private Limited) acts as a Trustee to Mahindra Manulife Mutual Fund (formerly known as Mahindra Mutual Fund). On 29th April, 2020 Mahindra Finance divested 49% stake in its wholly-owned subsidiary, Mahindra Manulife Trustee Private Limited to Manulife Investment Management (Singapore) Pte. Ltd. to form a 51:49 joint venture.

The Company has a Joint Venture in the US, Mahindra Finance USA LLC, in partnership with De Lage Landen, a subsidiary of Rabo Bank, for financing Mahindra vehicles in the US. 

Ideal Finance Limited (Ideal Finance) is a subsidiary of the Company in Sri Lanka, in which the Company owns 58.2% stake. Ideal Finance focuses on providing a diversified suite of financial services to the Sri Lankan market. 

Learn more about Mahindra Finance on www.mahindrafinance.com / Twitter and Facebook: @MahindraFin

About Mahindra

Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.  

The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room

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Car Subscription and Lease In Kolkata | Quiklyz

Explore Car Lease & Car Subscription options in Kolkata. Know the benefits of corporate car lease and compare car subscription vs car loan with Quiklyz.

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Explore Quiklyz Car Subscription and Lease Benefit

Discover Quiklyz Car Subscription and Car Lease In Hyderabad. Understand the benefits of corporate car lease and compare car subscription vs car loan now.

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New-Age Car Leasing Experience in Mumbai | Quiklyz Car Subscription

Experience the future of car leasing in Mumbai. No down payment, all-inclusive subscription costs, and a wide range of popular car brands. Drive on your own terms with Quiklyz!

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Car Leasing Solutions in India | Quiklyz

Discover hassle-free car leasing options in India with Quiklyz. Enjoy zero down payment, flexible lease terms, and all-inclusive costs covering insurance and maintenance. Get your dream car today!

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Car Leasing in Chandigarh | Flexible Plans with Quiklyz

Lease a car in Chandigarh with ease. Explore Quiklyz's flexible and affordable leasing plans, catering to your specific needs and preferences. Find your ideal car lease today!

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Best SUVs of 2024: Top Picks & Reviews | Quiklyz

Discover The Best Suvs Of 2024 With Our Expert Reviews. From Performance To Luxury, Explore Top Suv Models That Offer The Perfect Blend Of Style And Functionality

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Top 5 Best Mileage CNG Cars in India | Quiklyz

Looking for the best mileage CNG cars in India? Check out our top 5 picks for fuel-efficient CNG cars. Save on fuel and drive smart with Quiklyz.

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Why wait? Now get your dream car real quick by subscribing to it on Quiklyz

1. No Down Payment

2. Flexible Subscription Tenure

3. Fixed Monthly Fee – Covering Insurance, Maintenance, Road Tax and Registration

4. Extend Subscription, Return or Buy Car at end of subscription tenure