#car lease plan for individuals in india

[evleasing]

Top Questions About Car Leasing in India Answered!

Car leasing is becoming an increasingly popular option for both individuals and businesses in India. With flexibility, affordability, and the rise of subscription models, many are opting for leasing over traditional car ownership. This comprehensive guide explores everything you need to know about Vehicle Leasing in India, helping you make an informed decision.

What is Vehicle Leasing in India?

Vehicle leasing is a financing option where a customer rents a car for a fixed period, paying monthly installments instead of owning the vehicle outright. This model is suitable for those who prefer lower upfront costs, flexible terms, and fewer long-term liabilities.

The Rising Trend of Leasing vs. Owning Cars in India

In India, owning a car has traditionally been a symbol of status. However, the growing emphasis on affordability and convenience has shifted preferences toward leasing. Key reasons for this shift include:

Lower upfront costs

No concerns about depreciation

Easier upgrades to newer models

Quick Overview of Leasing Benefits

Affordable monthly payments

No long-term commitment

Tax benefits for businesses

Hassle-free maintenance and insurance options

Understanding Car Leasing Options in India

Types of Car Leasing Plans

Personal Car Leasing: Ideal for individuals who want to drive a new car without the burden of ownership. Popular plans include Tata car subscriptions and Nexon EV subscriptions.

Commercial Vehicle Leasing: Businesses can lease vehicles for operations such as logistics and transport. ALT Mobility offers tailored plans for commercial vehicles on rent.

How Car Leasing Works

The process is straightforward:

Select a car model and lease term.

Sign a leasing agreement outlining the terms (e.g., mileage limits and maintenance responsibilities).

Pay monthly installments for the duration of the lease.

Return or renew the vehicle at the end of the term.

Advantages of Leasing a Car in India

Financial Benefits

Leasing requires minimal upfront payment compared to buying. Additionally, businesses can claim tax deductions for leased vehicles, making it a cost-effective choice.

Flexibility and Convenience

Leasing allows you to upgrade your vehicle every few years. Subscription models like the Tata car lease even include maintenance, insurance, and registration, offering a hassle-free experience.

Eco-Friendly Options

Leasing electric vehicles (EVs) is gaining traction. Plans like the Nexon EV subscription provide an affordable way to adopt sustainable transportation.

Challenges in Car Leasing

While leasing has numerous benefits, it’s essential to be aware of potential challenges:

Hidden Costs: Some providers may charge extra for exceeding mileage limits or wear and tear.

Limited Customization: Lease agreements may restrict modifications to the vehicle.

End-of-Lease Decisions: You must decide whether to renew, return, or purchase the car.

Popular Leasing Options in India

Tata Nexon EV Subscription

This plan offers a cost-effective way to lease an electric vehicle. It includes:

Comprehensive insurance

Zero maintenance costs

Monthly flexibility

Tata Car Leasing Plans

Tata offers a range of cars for lease, from hatchbacks to SUVs. These plans cater to both individuals and businesses.

Commercial Vehicle Rentals

For businesses, leasing commercial vehicles on rent provides an affordable and scalable solution. Industries like logistics and e-commerce heavily rely on this model.

Leasing vs. Buying: A Detailed Comparison

FeatureLeasingBuying

Upfront Costs Low High

Ownership No Yes

Maintenance Often Included Owner’s Responsibility

Depreciation Not Applicable Owner Bears Depreciation

Upgrade Options Flexible Requires Selling Old Car

Costs and Payment Plans in Leasing

Factors Affecting Leasing Costs

Car model and make (e.g., Tata Nexon EV insurance cost)

Lease Duration

Mileage limits

Maintenance coverage

Customizable Payment Plans

Most providers, including ALT Mobility, offer flexible payment options, allowing customers to select terms that suit their budgets.

Leasing for Businesses in India

Businesses can greatly benefit from commercial vehicle leasing. Advantages include:

Reduced operational costs

Simplified fleet management

Tax benefits

ALT Mobility provides comprehensive solutions for fleet leasing, ensuring businesses save time and money.

Leasing for Individuals in India

Leasing isn’t just for businesses; it’s an excellent choice for individuals, too:

Young professionals can benefit from short-term plans.

Families can choose flexible subscriptions for larger vehicles.

How to Choose the Right Leasing Provider

Factors to Consider

Reputation: Check reviews and ratings of providers like ALT Mobility, ORIX India, and Quickly.

Transparency: Ensure no hidden charges.

Service Offerings: Look for maintenance and insurance inclusion.

Why Choose ALT Mobility?

FAQs About Vehicle Leasing in India

What is Vehicle Leasing in India?

Leasing involves renting a car for a set term with monthly payments without the responsibilities of ownership.

What is the Difference Between Leasing and Subscription?

While both offer flexibility, subscriptions often include maintenance, insurance, and shorter durations.

Are There Tax Benefits for Leasing Cars?

Yes, businesses can claim tax deductions on leased vehicles.

Can I Lease Electric Cars in India?

Yes, many providers, including ALT Mobility, offer EV leasing plans like the Tata Nexon EV subscription.

How Much Does Leasing Cost?

Costs depend on the car model, lease duration, and terms. For example, the Tata Nexon EV insurance cost is typically included in the lease.

Is Leasing a Good Option for Businesses?

Absolutely. It reduces upfront costs and simplifies fleet management.

Conclusion

Vehicle leasing in India is an excellent option for individuals and businesses looking for cost-effective, flexible, and hassle-free transportation solutions. With providers like ALT Mobility offering innovative plans, including Tata car subscriptions and commercial vehicle rentals, leasing is poised to transform how India commutes.

Ready to lease your next vehicle? Explore ALT Mobility’s offerings today for a seamless and affordable experience!

Contact - sales@alt-mobility.com

9999303854

[chikucabllp]

Explore Varanasi with Tempo Traveller: A Historical-Cultural Tourism Journey

Varanasi is a city in India that has been coined the spiritual capital of India, and yet boasts of the modern touches. This is especially true when navigating the narrow arteries, and the majestic ‘ghats’ of the city. Leasing a tempo traveller in Varanasi helps to travel comfortably and with fewer issues for groups, no matter the purpose, spirituality or culture. These large wheels can suit the daily urban traffic requirements in addition to providing seating for 15 passengers. Facilities such as AC and optimum leg space are what make the tempo traveller the best way to experience Varanasi without discomfort.

Why Tempo Traveller on Rent in Varanasi

When you decide on the tempo traveller on rent in Varanasi, you are able to visit the various attractions within the city in your own tempo. Thanks to today’s diverse services, customers can arrange individual programs, which will allow them to visit cardinal attractions, including Kashi Vishwanath Temple, Dashashwamedh Ghat, and Sarnath. When hiring a tempo traveller, your group can move in one vehicle, thus saving on the nuisance of hiring several vehicles. However, the advantage of travelling through non-touristy regions or eating in small local restaurants makes your trip more and more interesting and this is why your Varanasi tour will be one that you will never forget.

Discover the Spirituality of Varanasi

Varanasi is famous for its religious hot spots, those steps or stairs leading down to the waterside of the river Ganges. One must not miss the Ganga Aarti on the Dashashwamedh Ghat in the evening where people, lights, and hoses come together to provide a divine experience. There is also Kashi Vishwanath Temple, which is one of the popular attractions for travellers and is devoted to Lord Shiva. A tempo traveller in Varanasi is apt to get to Sarnath, which is 10 km from Varanasi where Lord Buddha gave his first sermon. Visiting such devotional sites is much easier and fun when you have a car that caters for the group’s needs.

Get to Know More About the Cultural Icons of Varanasi

The city of Varanasi also includes cultural places in addition to religious temples and religious steps referred to as ghats. Banaras is well known for the Banarasi saree and shawl made of silk, Kachori and other traditional foods and classical music. Explore the Mughal-styled Ramnagar Fort or wander in the crowded Godowlia Market to buy some local products. Tourists can hire tempo travellers on rent in Varanasi to enjoy some cultural tourism destinations such as Bharat Kala Bhavan Museum or Tulsi Manas Mandir. It is quite possible to have an intimate cultural encounter through one of these, with help from the convenience of a tempo traveller that allows one to visit all these places of cultural significance without fail.

Here is How You Should Plan Your Varanasi Trip

For friends travelling together or picking a local tempo traveller for the group to curb transport troubles while visiting Varanasi for sightseeing and treading its historical sites. While Varanasi will always remain the city of calm ghats, it indeed has a lot of energy in its streets as well. Travelling in Varanasi you will find that hiring a tempo traveller on rent in Varanasi like Chiku Cab is one of the best ways of travelling. Therefore it can be concretized that Varanasi with its thousand-year-long history and spiritual atmosphere as well as its rich and exotic culture is the place where people can have an incredible gripping experience.

[orixindia]

Discover the Convenience of Flexible Transportation Solutions in India

Discover the Convenience of Flexible Transportation Solutions in India

In a bustling country like India, where travel needs can vary from day to day, having access to flexible transportation solutions is more important than ever. Whether for business, leisure, or day-to-day commutes, finding a reliable and cost-effective way to get around is a priority for many. This is where innovative services like vehicle leasing and rental solutions step in, offering much-needed convenience and affordability for both individuals and businesses.

The Growing Demand for Car Rental Services in India

India's rapid urbanization, coupled with an increase in the number of professionals and tourists, has sparked a steady demand for car rental services. While owning a car might be a necessity for some, many prefer the flexibility and affordability of renting a vehicle, especially in cities where parking and maintenance can be a challenge.

Car rentals and leasing options provide an excellent solution for people who only need a vehicle for short durations or who prefer to avoid the long-term commitment of car ownership. From vacationers exploring the country to executives needing a reliable mode of transport for business trips, car rental services offer unmatched convenience.

The Key to a Seamless Rental Experience

When it comes to seamless car rental experiences, what makes certain providers stand out? It’s not just about the vehicles they offer, but the entire experience, from the moment you think about renting a car to when you return the keys. The best providers in the market understand that customers want flexibility, choice, and above all, reliability.

One such company in India is Orix Financial Services & Leasing, a leader in providing vehicle leasing and rental solutions. Orix’s car rental services cater to the diverse needs of individuals and businesses across India. Offering a wide range of vehicles, from compact sedans to SUVs, the company ensures that customers can find the perfect fit for their journey, whether it’s a quick city trip or a long-distance travel plan.

Why More People Are Turning to Car Rentals

With the growing need for transportation flexibility, more individuals and businesses are turning to car rental services for various reasons:

Affordability and No Long-Term Commitment Renting a car, whether for a day, a week, or a month, is often a more cost-effective option compared to purchasing a vehicle. Customers can avoid the expenses of maintenance, insurance, and the burden of long-term loans while enjoying the convenience of a vehicle whenever needed.

Access to a Variety of Vehicle Types Car rental companies typically offer a broad selection of vehicles, allowing customers to choose the right type based on their requirements. Whether it’s a small car for navigating crowded city streets or a larger vehicle for a family vacation, flexibility in vehicle choice is a major advantage.

Simplicity and Convenience Booking a car rental has never been easier. With online platforms and user-friendly interfaces, you can select and reserve a vehicle with just a few clicks. Many companies also offer 24/7 customer support, making it easy to resolve any issues that might arise during the rental period.

Corporate Leasing Solutions Businesses also benefit from car leasing services, allowing them to streamline their transportation needs. For corporate clients, vehicle leasing eliminates the burden of maintenance, insurance, and depreciation costs, allowing companies to focus on their core activities while maintaining a reliable fleet.

Choosing the Right Car Rental Company for Your Needs

With numerous options available, it's important to choose a reliable car rental company that offers a seamless experience. A reputable car rental company like Orix Financial Services & Leasing not only provides a wide range of vehicles but also ensures that all cars are well-maintained and ready for use at a moment's notice. Whether you need a car for a business trip or a family vacation, selecting a trusted provider makes all the difference in ensuring a hassle-free experience.

How Can You Benefit from Flexible Transportation Solutions?

Whether you’re an individual planning a quick trip or a business seeking long-term vehicle solutions, flexible car rental services provide an easy and cost-effective way to meet your transportation needs.

For Leisure Travelers: Renting a car provides the freedom to explore a city or travel across the country without worrying about public transport schedules, taxi fares, or the hassle of driving your own vehicle long distances.

For Business Professionals: Business trips often require quick decisions and flexibility. Renting a car for a day or two ensures that your travel is not only efficient but also comfortable, leaving you free to focus on your meetings and objectives.

For Businesses with Fleet Needs: Instead of buying a fleet of vehicles, many businesses opt for corporate leasing solutions, which allows them to manage a professional fleet without the long-term financial commitment.

The Role of Technology in Enhancing Rental Services

Today, technology plays a significant role in transforming the car rental landscape. Online booking systems, mobile apps, and digital payment options have made renting a vehicle easier and more efficient than ever. Whether you're looking to book a car in advance or need a vehicle on short notice, the entire process has been streamlined, saving time and effort for customers.

Moreover, digital tools also provide a platform for customers to access real-time updates, manage their reservations, and even request roadside assistance in case of emergencies. This technological shift ensures that customers have a smooth, hassle-free experience from start to finish.

Conclusion

As more people turn to flexible transportation solutions to meet their travel needs, car rental services continue to grow in popularity. Whether for a few hours, a few days, or even longer-term leases, renting a vehicle offers numerous advantages, including affordability, convenience, and access to a diverse fleet of vehicles. For businesses and individuals in India, exploring car rental services like those offered by Orix Financial Services & Leasing could provide just the solution needed for a hassle-free travel experience.

The next time you find yourself in need of reliable transportation, consider opting for a car rental solution that fits your needs. With a wide range of vehicles, simple booking processes, and 24/7 customer support, flexible transportation services are transforming the way we travel across India.

[indiatravelpackage]

Hassle-Free Car Rental Service in Agra

Agra, one of India’s most visited cities, is home to the astounding Taj Mahal, Agra Fort, and several other famous monuments. Whether you're visiting for the first time or are a frequent traveller, navigating the city’s streets calls for a dependable mode of transportation.

Choosing a car rental in Agra can provide you with flexibility, convenience, and the comfort needed to discover the metropolis to your own phrases. In this guide, we will dive into why renting a car in Agra is a wonderful concept and a way to pick out satisfactory service.

Why Choose Car Rental in Agra?

Exploring Agra by vehicle lets you journey at your personal tempo and visit all the key points of interest with ease. Here are some of the top reasons to rent a car in Agra:

Complete Flexibility: Unlike guided tours or counting on public transportation, a apartment automobile offers you the freedom to create your very own itinerary. You can determine while and wherein to head without being tied to strict schedules.

Comfortable Travel: Renting a vehicle permits you to journey in consolation, particularly for the duration of warm summer time months or in case you’re travelling with own family or friends. Air-conditioned automobiles make the trip greater satisfactory, mainly when journeying outside sites.

Privacy: For individuals who pick a more non-public travel revel in, renting a automobile ensures that you gained’t need to percentage your ride with strangers. This adds a experience of security and peace of mind, in particular for vacationers exploring the metropolis for the first time.

Convenient for Long-Distance Travel: If you intend on travelling nearby destinations like Jaipur, Fatehpur Sikri, or Delhi, renting a automobile is the maximum convenient alternative. It saves you the hassle of arranging multiple modes of delivery and guarantees a seamless journey from one vacation spot to the following.

Tailored Experiences: Many vehicle condo agencies in Agra offer packages for tourists, which encompass sightseeing tours of the city's pinnacle points of interest. You can customize your apartment enjoy to include visits to the Taj Mahal, Agra Fort, and other vast landmarks.

Types of Cars Available for Rent in Agra

Agra’s car rental offerings provide a variety of cars for travelers with budgets. Some of the most not unusual sorts of automobiles available include:

Economy Cars: Ideal for solo vacationers or couples on a budget, economy motors are inexpensive and fuel-green. These compact vehicles make it easy to navigate Agra’s streets with out burning a hole in your pocket.

Sedans: For folks who prefer a bit more comfort, sedans are a first rate alternative. With more space and a smoother journey, those vehicles are perfect for small households or organizations who need to discover Agra in style.

SUVs: If you’re travelling with a larger institution or planning to go to nearby destinations, SUVs offer the space and power wished for a comfortable experience. Many SUVs also come with premium functions like leather seats and better air con.

Luxury Cars: For a premium travel revel in, luxurious cars like Mercedes and BMWs are available for rent. These vehicles provide pinnacle-tier comfort and fashion, best for commercial enterprise tourists or the ones seeking out an unforgettable enjoy.

Self-Drive or Chauffeur-Driven: Many automobile rental organizations in Agra offer both self-power and chauffeur-pushed options. Self-force leases give you the freedom to be in full manage of your journey, whilst chauffeur-driven cars let you sit down lower back and loosen up as a expert driving force navigates the city for you.

How to Choose the Best Car Rental Service in Agra

Selecting the proper vehicle rental carrier is essential for a clean experience. Here are some factors to bear in mind whilst choosing a condominium carrier in Agra:

Reputation: Always look for a car apartment employer with fine opinions and scores. Check online structures like Google and TripAdvisor to peer what other clients have to mention approximately their reviews.

Fleet Variety: Choose a apartment service that offers a extensive range of vehicles to healthy your needs. Whether you want a compact automobile, a luxury vehicle, or an SUV, the condo provider must offer lots of options.

Transparent Pricing: The pleasant vehicle condominium corporations provide clean and prematurely pricing and not using a hidden prices. Be certain to inquire approximately apartment charges, fuel charges, and any additional prices consisting of driver costs, insurance, or toll expenses.

Insurance and Safety: Ensure the auto rental carrier offers coverage options and follows protection rules. Well-maintained vehicles and expert drivers are key to a stress-free enjoy.

Customer Support: A dependable car condo carrier ought to provide fantastic customer service. This includes 24/7 availability in case of emergencies or any help you could need during your rental length.

Pick-Up and Drop-Off Flexibility: Some offerings provide the ease of pick out-up and drop-off at your preferred area, whether it's your inn, airport, or railway station. This can shop time and take away the problem of commuting to the apartment office.

Top Car Rental Companies in Agra

While there are numerous car rental Agra, some stand out for his or her high-quality and provide:

Zoomcar: One of the main self-pressure car apartment offerings in India, Zoomcar offers a extensive range of automobiles for lease in Agra. Their consumer-friendly app lets in clean reserving and a hassle-free enjoy.

Savaari Car Rentals: Known for his or her professional drivers and properly-maintained fleet, Savaari gives each self-drive and chauffeur-pushed automobile leases. They offer customized packages for tourists who want to discover Agra and close by towns.

Agra Car Rentals: Specializing in local excursions and outstation trips, Agra Car Rentals is a tremendous choice for tourists. Their low-cost prices and bendy applications make them a famous choice among visitors.

Avis India: A premium car condo service, Avis India offers luxurious and standard automobiles with super customer service. Their services are perfect for each leisure vacationers and company customers.

Conclusion

Renting a car in Agra is the right answer for those who want to discover the city at their own tempo. With a huge variety of cars available, from budget-friendly options to luxury sedans, you can locate an appropriate car to fit your wishes.

Whether you're travelling the long-lasting Taj Mahal or making plans for a road trip to nearby cities, choosing the proper car rental service can enhance your journey. With flexibility, consolation, and privateness, renting a car in Agra guarantees that your adventure is clean and pressure-free.

[mlsi9]

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

[its-all-business]

Understanding the Regulatory Landscape of NBFCs in India

Non-Banking Financial Companies (NBFCs) play a crucial role in India's financial ecosystem. They offer a variety of financial services and products that complement traditional banking, making them a vital part of the economy. However, to ensure stability and protect consumer interests, NBFCs are governed by a comprehensive regulatory framework. This blog delves into the regulatory landscape that governs NBFCs in India, providing a clear understanding for entrepreneurs and investors.

What are NBFCs?

NBFCs are financial institutions that provide banking services without holding a banking license. They are involved in various activities such as loans and advances, acquisition of shares, leasing, hire-purchase, insurance business, and chit-fund business. Unlike banks, NBFCs cannot accept demand deposits or issue checks drawn on themselves.

Also Read: Journey Of Poonawalla Fincorp’s Managing Director – Abhay Bhutada

Regulatory Authorities

Reserve Bank of India (RBI)

The primary regulator for NBFCs in India is the Reserve Bank of India (RBI). The RBI’s regulations ensure that NBFCs operate within a framework that promotes financial stability and consumer protection. These regulations include capital adequacy requirements, asset classification, provisioning norms, and corporate governance guidelines.

Key Regulatory Requirements

Registration

NBFCs must register with the RBI before commencing operations. The registration process involves submitting an application along with necessary documents such as the company's Memorandum of Association (MoA) and Articles of Association (AoA), business plan, and details of directors and shareholders. The RBI grants a Certificate of Registration (CoR) only if the company meets the eligibility criteria, including a minimum net owned fund of ₹2 crores.

Capital Adequacy

To ensure financial stability, NBFCs are required to maintain a minimum capital adequacy ratio (CAR). The CAR is a measure of the NBFC's capital in relation to its risk-weighted assets. For deposit-taking NBFCs, the minimum CAR is set at 15%, while for non-deposit taking NBFCs, it is 10%. This requirement ensures that NBFCs have sufficient capital to absorb potential losses.

Asset Classification and Provisioning

NBFCs must classify their assets based on their performance and make provisions for potential losses. The RBI has categorized assets into standard assets, sub-standard assets, doubtful assets, and loss assets. NBFCs are required to make provisions for non-performing assets (NPAs) to cover potential losses. This classification helps in maintaining the health of the NBFC’s portfolio and ensures transparency in their financial statements.

Corporate Governance

Corporate governance is a critical aspect of the regulatory framework. NBFCs must adhere to stringent corporate governance norms, including the appointment of independent directors, forming audit committees, and conducting regular audits. Good corporate governance practices ensure accountability, transparency, and protection of stakeholder interests.

Also Read: Meet Abhay Bhutada: The Winner Of Lokmat Maharashtrian Of The Year 2024

Prudential Norms

The RBI has established prudential norms to manage various risks associated with NBFC operations. These include:

Exposure Norms: Limits on NBFCs’ exposure to individual and group borrowers.

- Leverage Ratio: Restrictions on the extent to which NBFCs can leverage their capital.

- Liquidity Management: Guidelines for maintaining adequate liquidity to meet short-term obligations.

Reporting and Disclosure Requirements

NBFCs are required to submit regular reports to the RBI, including quarterly and annual financial statements, asset quality reports, and other regulatory returns. Additionally, NBFCs must disclose information such as financial performance, risk management policies, and corporate governance practices to the public. These reporting and disclosure requirements ensure transparency and enable the RBI to monitor the health of the NBFC sector effectively.

Challenges and Opportunities

The regulatory framework governing NBFCs is dynamic and evolves with changes in the financial landscape. While the regulations aim to ensure stability and protect consumer interests, they also pose challenges for NBFCs. Compliance with regulatory requirements can be resource-intensive and may limit operational flexibility. However, a robust regulatory framework also presents opportunities for NBFCs to enhance their credibility and attract investment.

The Role of Technology

Technology plays a significant role in helping NBFCs comply with regulatory requirements. Digital platforms and fintech solutions enable NBFCs to streamline their operations, improve risk management, and enhance customer service. By leveraging technology, NBFCs can efficiently manage compliance and focus on growth and innovation.

Future Outlook

The NBFC sector in India is poised for growth, driven by increasing demand for credit, technological advancements, and supportive government policies. However, as the sector grows, the regulatory framework will continue to evolve to address emerging risks and challenges. Entrepreneurs and investors must stay informed about regulatory changes and adapt their strategies accordingly.

Also Read: Unveiling Abhay Bhutada: A Leader’s Inspiring Odyssey In Finance

Conclusion

Understanding the regulatory framework governing NBFCs is essential for entrepreneurs and investors looking to navigate the financial landscape in India. The regulations, while stringent, ensure the stability and integrity of the NBFC sector, protecting both consumers and the broader economy. By staying compliant and leveraging technology, NBFCs can thrive and contribute significantly to India's financial growth.

In the words of Warren Buffett, "Risk comes from not knowing what you're doing." For anyone involved in the NBFC sector, a thorough understanding of the regulatory framework is crucial to managing risks and seizing opportunities in this dynamic market.

[qwertydded]

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

Media Contact: 

Mohan Nair 

Head – Communications, 

Mahindra & Mahindra Financial Services Limited 

E-mail: nair.mohan@mahindra.com

Mobile # : +91 9004012237

Rujuta Deshmukh

Manager – Communications,

Mahindra & Mahindra Financial Services Limited 

E-mail: deshmukh.rujuta@mahindra.com

Mobile # : 9930467877

[tannykokane]

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

[freddiemark]

Ola IPO coming soon ?

Introduction:

ANI Technologies Private Limited also referred to commonly as ‘Ola’, together with subsidiaries is a leading technology service provider in the emerging cab hailing market, established with the mission of providing mobility to millions of Indians. Based in Bengaluru, Karnataka, ANI is one of the leading countries providing internet and mobile technology platforms for cab hailing by commuters.

Ola is today, one of world’s largest ride hailing companies with its imprint spread across 250+ cities across multiple countries India, Australia, New Zealand & the UK.

Ola offers a wide range of ride sharing options through taxis, bikes and autos. The Ola app connects clients to drivers driving a variety of vehicles, including motorcycles, auto-rickshaws, metered taxis and cabs enabling hundreds of millions of customers and over 1.5 million drivers and partners to enjoy convenience and transparency. Ola earns the majority of revenue as commission income & convenience fees which it charges from the drivers who onboard on the ola platforms. In F.Y21, over 1.5 Mn drivers. Ola has set up its R&D centers in the United Kingdom (U.K). The center is operated by technical and engineering teams with product application and development expertise. Ola Electric has also announced another R&D facility for a sum of 100 Mn$ in the UK.

OLA Cabs Business Model:

Ola has diversified its business model into 6 segments:

Ola Fleet Technologies Private Limited: Ola Fleet Technologies is in the business of providing cars primarily on operating leases.

Pisces eServices Private Limited: Also known as FoodPanda, it is an aggregator of restaurants and customers on an e-commerce platform and also provides other related services in India.

Ola Financial Services Private Limited: OFS have been authorized by the Reserve Bank of India for issuing and operating a semi-closed prepaid payment system under the Payments and Settlement act 2007. OFS is providing a technology platform that ensures cashless, hassle free, safe and secure payments.

Ola Electric Mobility Private Limited: OEM is engaged in the business of providing services across electric vehicles value chain by building infrastructure for facilitating the electric vehicle ecosystem and is also involved in providing a platform for technological services in the physical and electronic format to facilitate transaction between businesses, individual consumers and businesses and consumers.

Ola Skilling Private Limited: Ola Skilling is engaged in the business with focus areas that will span the entire driver training value chain which will help inculcate overall value development in drivers. It helps create training infrastructure, mobilize drivers, create and deliver training content, programs and educate drivers.

Ola Singapore Private Limited: Ola Singapore is a wholly- owned subsidiary of the company. OIa Singapore is formed in the nature of a holding company that under its subsidiaries provides cab services.

Ola Shares IPO:

Ola had announced its decision to launch Ola IPO in 2022 but it further delayed its plans due to the funding winter affecting start-up funding at large as well as the return of pandemic. Ola is expected to list itself in 2023.

Ola Cabs Share Price: 

Ola Share Price isn’t available since Ola isn’t listed on neither the National Stock Exchange (NSE) nor Bombay Stock Exchange (BSE), hence it doesn’t have a share price available for trading.

Ola Unlisted Share:

Ola Unlisted Shares are available on Planify site. Investors have a golden opportunity to gain by investing in unlisted shares of Ola and earn exponential returns in future. It will provide investors with a chance to become an integral part of the growth journey of the company.

Ola Pre-IPO Shares: 

Ola Pre-IPO shares are available on Planify for Rs. 22,635/- per share. Investors can gain first mover advantage by investing in Ola Pre-IPO shares and gain exponential returns.

Ola Cabs Merger and Acquisition: 

Merger: 

Bird Eye System Private Limited develops intelligent traffic monitoring solutions. The company’s products enable users to see real time traffic conditions via the web or mobile devices.

Acquisition:

Pisces eServices Private Limited: Commonly known as FoodPanda, it provides online delivery services of food items from a variety of restaurants.

Ridlr: Ridlr is a public transport ticketing and commuting app that’s apt for daily intra-city travel needs.

Investments:

Vogo Automotive Private Limited (Vogo): Ola has a 14.29% investment stake in the company in Vogo Automotive Private Limited (Vogo) which is engaged in the business of plying vehicles on hire and self drive modes.

Ola Cabs Products and Services:

Ola Drive: The service caters to the car rental demand of the customer by providing vehicles on a rental basis. The company provides pickup facilities along with insurance covers.

Ola Fleet: Ola Fleet consists of numerous ride hailing options, ranging from bikes, cars and 3 wheelers. The ride hailing facilities provide travel options for both Intra city as well as Inter city.

Ola Money: Ola has its own Mobile Wallets- Ola Money, that allows the deduction of ride charging directly from Ola Money account on availing Ola Services.

Ola Foods: Through Ola Foods, Ola caters to the food delivery markets.  

[vilaspatelvlogs]

Maruti Suzuki Subscribe वाहन लीज सब्सक्रिप्शन सर्विस लॉन्च, बिना खरीदें चलाएं कार

Maruti Suzuki Subscribe वाहन लीज सब्सक्रिप्शन सर्विस लॉन्च, बिना खरीदें चलाएं कार

[ad_1]

पढ़ें अमर उजाला ई-पेपर कहीं भी, कभी भी।

*Yearly subscription for just ₹249 + Free Coupon worth ₹200

ख़बर सुनें

ख़बर सुनें

देश की सबसे बड़ी कार निर्माता कंपनी Maruti Suzuki India (मारुति सुजुकी इंडिया) ने गुरुवार को Maruti Suzuki Subscribe (मारुति सुजुकी सब्सक्राइब) ब्रांड के तहत ग्राहकों के लिए अपनी वाहन लीज सब्सक्रिप्शन सर्विस शुरू की।  पहले से अलग है नई लीज सर्विस कंपनी…

[evleasing]

Vehicle Leasing in India vs Buying: Which Option is Better in 2025?

#alt mobility

In 2025, the Indian automotive market presents two prominent options for vehicle acquisition: Vehicle Leasing in India or buying a car outright. Each comes with unique advantages and challenges, and the choice depends on financial priorities, mobility needs, and lifestyle preferences. Let’s delve deeper into these options to help you make the most informed decision.

What Is Vehicle Leasing in India?

Vehicle leasing in India is an arrangement where individuals or businesses rent a vehicle for a fixed period, typically 2–5 years, in exchange for monthly payments. Companies like Alt Mobility have made car leasing more accessible to individuals and organizations.

Unlike buying, leasing does not involve ownership. Instead, it offers flexibility, often including maintenance and insurance, while users enjoy driving new Cars On Lease in India without the long-term commitment of ownership.

Advantages of Vehicle Leasing in India

Lower Upfront Costs:

Unlike purchasing, leasing requires minimal to no down payment. This makes it an appealing option for those who prefer flexibility in managing finances.

Access to Latest Technology:

With Auto Lleasing, you can drive the latest car models without worrying about resale value.

Comprehensive Services:

Companies offering cars on lease often bundle insurance, maintenance, and roadside assistance, ensuring hassle-free vehicle usage.

Tax Benefits for Businesses:

Businesses can leverage leasing for significant tax deductions, positioning mobility in India as a cost-effective solution for corporate fleets.

Eco-Friendly Mobility:

Many leasing providers like Alt Mobility focus on electric and hybrid vehicles, supporting sustainable mobility in India.

Drawbacks of Vehicle Leasing

No Ownership:

Leasing is ideal for short-term usage but doesn’t provide long-term value since you don’t own the vehicle at the end of the lease.

Mileage Caps:

Most lease agreements impose annual mileage restrictions, and exceeding these limits can lead to penalties.

Customization Restrictions:

Customizing a leased car may violate the terms of the lease agreement.

Costlier in the Long Run:

Continuous payments for Car Lease India agreements can surpass the cost of buying a car if you lease for an extended period.

Understanding Car Buying in India

Buying a car involves paying the full amount upfront or financing it through loans. Ownership offers complete control over the vehicle, making it a favourable option for those who plan to use their car for a long time.

Advantages of Buying a Car

Full Ownership:

Owning a car ensures freedom over usage, allowing unlimited mileage and full customization options.

Resale Value:

Unlike leasing, cars retain some resale value, giving you a return on investment.

No Recurring Costs:

After loan repayments (if any), you have no recurring monthly payments, unlike auto leasing.

Long-Term Savings:

Buying is often more economical over a decade, as there are no lease renewal costs.

Disadvantages of Buying a Car

High Upfront Costs:

Buying requires a significant down payment or a large loan, which might strain finances.

Depreciation:

Cars lose value rapidly, which can be a downside for those prioritizing financial returns.

Maintenance Responsibilities:

Unlike cars on lease, car owners are solely responsible for repairs and servicing after the warranty expires.

Technology Obsolescence:

As technology evolves, an owned car may become outdated faster, especially with the rise of alt-mobility solutions.

Key Trends for 2025: Leasing vs. Buying

Environmental Focus:

Sustainability will drive demand for electric and hybrid vehicles. Leasing providers, such as Alt Mobility, make it easier to switch to eco-friendly options.

Cost-Efficiency:

Car leasing offers predictable expenses for businesses, making it a go-to choice for fleet management.

Technological Advancements:

The rapid innovation in connected cars and autonomous driving will favour leasing, allowing users to access the latest features without committing long-term.

Changing Lifestyles:

Urban dwellers, with their dynamic lifestyles, are more inclined toward flexible solutions like auto leasing, reducing the burdens of ownership.

Which Option Is Right for You?

The decision between vehicle leasing in India and buying ultimately depends on individual priorities:

Choose Leasing If:

You prioritize flexibility, access to the latest models, or short-term usage. Businesses, in particular, can benefit from the tax advantages of car lease India services.

Choose Buying If:

You value ownership, plan to use the vehicle long-term, or want the freedom to customize your car.

Top Providers for Vehicle Leasing in India

Alt Mobility:

A leader in eco-friendly and corporate leasing solutions. Visit Alt Mobility.

Orix India:

Offers comprehensive leasing services. Visit Orix India.

Mobility India:

Known for innovative mobility solutions. Visit Mobility India.

SMAS India:

Specializes in fleet management. Visit SMAS India.

FAQs

1. Is vehicle leasing in India a good option in 2025?

Yes, leasing is a cost-effective and flexible solution for individuals and businesses, especially those seeking short-term usage or access to the latest vehicles.

2. Can I get cars on lease in India for personal use?

Absolutely! Many providers now cater to personal leasing needs, with plans tailored to individual requirements.

3. What is the role of Alt Mobility in India’s leasing market?

Alt Mobility focuses on sustainable and corporate leasing, offering innovative solutions for greener mobility.

4. How does mileage restriction impact car leasing?

Most Car Leasing agreements include mileage limits, and exceeding them can incur additional charges. Be sure to estimate your annual usage accurately.

5. Are there tax benefits for businesses using car leasing in India?

Yes, businesses can often claim tax deductions on lease payments, making Car Leases in India an attractive option for corporate fleets.

6. Can I lease electric vehicles in India?

Yes, providers like Alt Mobility specialize in leasing electric vehicles, aligning with global trends toward sustainability.

In conclusion, vehicle leasing in India and buying are both viable options for 2025, but the right choice depends on your mobility needs, financial goals, and lifestyle preferences. Leasing is ideal for flexibility and access to modern vehicles while buying offers ownership and long-term savings.

Learn more at alt-mobility.com.

Contact with us - sales@alt-mobility.com

9999303854

[seungeunoh]

Would You Really Get Paid to Travel (or for Free?)

Well, I understand , I know... the pains of linking flights, delays, cancellations, lugging bags a mile across terminals... the hassle of leasing automobiles, fighting traffic in an overseas country (and figuring out which side of the road to drive) and trying to discover what the guy is telling you if all's you asked was"where is the bathroom?" ... Aside from all that, is it perhaps not the best sense whenever you can resign from the standard routine, take a few deep breaths and realize you've got nothing to do but lay on the shore... your hardest decision is if you will get steak or veggie that night... along with your main worry is if you have enough sunlight? That is what traveling is all about... when it transposes us from our regular lifestyles and places us in a wholly new culture... seeing, breathing, and eating and dancing into exactly what people 10,000 miles away from you're doing and thinking to yourself"this is the kind of stuff you see on TV". That's when it's all worth it... that's why travel is so amazing.

But, only one of - if not"THE" - biggest challenges in traveling is that little green bit (or many bits ) of newspaper named MONEY. Whether you are trying to search for a friend in Dallas or take your wife to Bora-Bora, it all costs Money-and a lot of it. The occasions of those Southwest"$49.00" fares are long gone and the small weekend getaways whack a dent in your pocketbook. There are ways to shave a few dollars in some places, but no matter how you slice it, travel is costly. Not everybody has a cush, 7 or 6 figure salary which allows them to simply take off 6 day weekends or weeks at the same time for you to party in Ibiza. So, is there really a way to travel-and I mean really travel-and either receive money or travel for"free"??

The travel sector is an $8 TRILLION DOLLAR INDUSTRY. Yes, you read that right... that's Trillion with a capital"T". Therefore, aside from the hotels, airlines and bag manufacturers, how will you join up?

Let's take a look at some of the ways you can earn a living, traveling across the world:

Flight Attendant: This is actually a wonderful way to visit a LOT of places-FAST. The ordinary flight attendant makes $37,000.00 a year, with the greater degree salaries hovering from the $75,000.00-$90,000.00 range. It's certainly a bonus if you know more than just one (1) language. Flight attendants receive a daily per Diem for food, together with flexible work schedules, discounts on flights, hotels and travel expenses for vacation. The disadvantage is that after you're working, the flight program might be grueling-traveling into multiple cities at a 12, 18 or 24 hour time frame. When you finally stop to rest, the desire to go sight seeing or take a look at the city, has been exchanged out with the simple necessity to sleep in a bed. Also I forgot to mention... have you NOT seen a couple angry, annoyed or upset people on your own plane? Yep, be prepared to manage those rude customers through your 12-24 hour shift!

Commercial Airline Pilot: Same deal with flight attendants, concerning labour program, but the pay is significantly better-depending on the magnitude of this jet along with company, it is possible to be making $121,000.00 a year. If you want to head to flight school, then pass your minimum 250 hours of flight experience, then do it! Just make sure you have perfect vision and hearing. Again, if you want to earn this a career, you are going to see cities all over the country (and the world), but be ready to deal with tens of thousands of customers, weather and equipment problems, grueling schedules and also the stress that comes along with the responsibility of flying so many people to unique places.

Travel Agent: As you may already understand, traveling agents know about the greatest places to see. They are the middle men between the hotels, airlinesand tourism bureaus along with also the travelers. More than likely, they've got an chance to visit some of these places in order that they are able to see every thing for themselves-that's quite a sweet flavour, eh? Common salary are everywhere from $25,000.00 to $35,000.00 and probably be asked to register in some type of training, on average with the Travel Institute.

Freelance Writer or Photographer: What a cool job this would be... traveling all over the entire world... spending time with numerous cultures, observing how the people convey, eat, sleep and worship. You truly are"free", relaying what you visit and experience to individuals sitting on their seat, thousands of kilometers apart. Simply grab... well, it's this 1 thing we talked of a little earlier: MONEY. Apparently, you're not going to receive money until you reach such places, therefore make sure you plan this out a bit, fill up some green in your checking account and pick up some pointers about how best to express your self with the pencil & paper or with the camera. Try to produce some sort of"following" which means you have a fantastic base of individuals viewing and reading your own content. Don't attempt to fly to India with a million dollars and an iPad, looking to start a travel site that produces cash, allowing you to wander the world to the upcoming few years. You might also go for your nearest casino and play blackjack. If it's possible to pull with the occupation (also to those that currently do so ), I tip my hat to you-great work!

In case you are in between jobs, just from school or Just Want to take a"sabbatical", why don't you consider those paths in traveling the entire world:

: Speaking English can offer access to countries in every places across the world. Some businesses offer free room & board in exchange for you really to help their employees enhance their English speaking skills and knowledge. There are also programs you can locate on the internet that well set you up with a certain country and company so as to train their people English. Now that you have your room & board covered, today we just have to figure out the way we will cover food and drink...

Start Giving Back: Feeling charitable or need to help the others? Why not look to jump onto a church mission trip, Habitat for Humanity-International, or in the event that you can simply take more time off, connect the Peace Corps? Obviously, that is not likely to be as glamorous as sailing the Mediterranean, island trusting the Greek Isles, but if you want to feel good about helping out people less fortunate-and work hard pack your bags and sign up for a volunteer opportunity. You will surely see some regions without paved roads, running water and folks only searching to get a roof over their head. Giving the less fortunate the simple things we take for granted: food, shelter and clothing, can give you new awareness of gratitude, after completing one of these tours.

All of these ways traveling are great and all, however, the number of people get the chance to eliminate extended amounts of time or have the guts to walk away from their occupation and also become a commercial pilot or even join the Peace Corps? I don't know about you, but I am accountable for the spouse and three(3) children, so taking the plunge on the"unknown" is absolutely NOT realistic.

So, back into the initial question above... How do you travel at no cost? And when I say,"travel", I mean, traveling... That usually means taking a care-free vacation... perhaps not needing to be concerned about if you're able to manage to leave the resort for supper that night, or buy those additional couple of sunglasses... Care-free travel means doing exactly what you want, whenever you need and not fretting about the bill when you get back home. Let us break a couple of ways in that we can actually travel free of charge (or as near it as we can get)... or even better: GET PAID TO TRAVEL!

Use Those Points! : You know, I always knew I was going to be more thankful for all the money I used my credit card. Now that I awakened all that debt,'' I also racked up dozens of points! Points I can use towards booking a fresh airport or maybe pay for my stay at the Bellagio in Vegas... at which I could blow more money! ... I'm kidding! ... sort of. Whenever you are wanting to obtain a brand new credit card, choose the card that offers the maximum, when used. Compare the interest rate for charges and cash advances, the yearly fees and in addition the bank card that gives you the most useful rewards. If you fly into certain airline, then be sure to input your frequent flyer number to gather those kilometers. Use travel websites that allow you to accrue points once you purchase flights, hotels, cruises and rental cars. You are paying for this stuff anyways, why don't you try and earn a little more for next occasion that you want to get a trip?

[mlsi9]

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

Media Contact: 

Mohan Nair 

Head – Communications, 

Mahindra & Mahindra Financial Services Limited 

E-mail: nair.mohan@mahindra.com

Mobile # : +91 9004012237

Rujuta Deshmukh

Manager – Communications,

Mahindra & Mahindra Financial Services Limited 

E-mail: deshmukh.rujuta@mahindra.com

Mobile # : 9930467877

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Best Car Leasing Companies In India

Owning a vehicle is the most common method of obtaining a car for daily commuting. However, as the market changes, there are other alternatives to owning a vehicle, one of which is leasing a vehicle from a car leasing firm. If you are not prepared to invest a large sum of money in a brand new vehicle, car leasing is an excellent option.

1. ALD Automotive Pvt. Ltd.

ALD Automotive provides business vehicle leasing and mobility solutions that fit your company's needs under the guidance of Suvajit Karmakar. Plus, they give their employees lots of perks, like tax breaks, pay-as-you-go, and quick upgrades.

Also Read: Top 5 Car Leasing Companies In India

2. Poonawalla Fincorp

Are you looking for an all-in-one auto leasing company? If so, you've come to the right place! From small businesses to big ones who want to add cars to their fleets for business or employee perks, Poonawalla Fincorp is a great choice. The company is run by Abhay Bhutada, the Managing Director and it recently got the CRISIL AAA rating.

Also Read: Financial Planning Tips For Small Business Owners

3. Avis Lease

Avis Lease is one of the most innovative car rental companies in the world. With over 16 years of experience, Avis Lease has established itself as one of the most trusted car rental and leasing companies in India. Avis Lease provides high-quality, reliable, and transparent car rental and leasing services to individuals and corporate clients in India. We offer short-term as well as long-term transportation solutions.

4. ORIX

Started in 1995, OAIS is a subsidiary of ORIX Corporation, which is a Japanese company. With Sandeep Gambhir as its MD, the company is a leader in leasing and transportation in India, providing clients with innovative solutions to help them reach their goals.

Summing Up

The four best car leasing companies in India are listed above. If you are looking to lease a vehicle, these companies should be your first choice.

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Car Leasing and Car Buying- How to know which is the ideal option for you?

A vehicle was a luxury for a long time in our past and now it has become a necessity due to the advent of the pandemic. It put forth challenges in the transportation sector and businesses as well as individuals faced the need to use vehicles more than ever. Employees commuting to work after the restrictions feel certain anxiety due to safety concerns. Public transport is no longer considered a safe option by many employees. A private vehicle is anyway desirable because of the convenience and comfort. 

The manufacturers and leasing partners are seeing a rise in people opting for car subscription plans. It has become the most convenient way for people to get a car for themselves. Company car lease for employees is a concept that is getting more acceptance each day. Car leasing companies in India like ALD Automotive offer flexible tenure options with a fixed monthly fee that covers a wide range of costs you will need to face with using a car.

The costs like road tax, insurance, maintenance, vehicle cost etc. are taken care of once you pay the monthly rental. You can also add additional services to your plan and diminish your worries by a great amount. The cost to lease a car is the cost to enjoy your ride to the fullest. But only if it is suitable to you. There are various scenarios where it may be lucrative and beneficial to lease a car. Some scenarios exist where it might be beneficial for you to purchase a car instead of leasing. This article will venture into the situations where a car subscription or leasing suits the best and the scenarios where a purchase is preferred. 

Now, let us see which choice among these will be best for you.   

When must you opt for a car purchase?

If you are looking for a family car: Even though family cars can be leased, if you are looking forward to taking long family vacations once in a while, car subscriptions may not be for you. Because some people feel a certain security with owning their own car which they may not feel with a leased car. So if you are patient enough to purchase a car, that will remain yours until you decide to sell it or become unusable. 

If you are interested in customization: Most of us look for the driving experience and look of the car. But some people like to tweak the look to make it resonate with their style and to make the driving experience better. It may be using bumper stickers or adding a spoiler, but it is a huge no-no when the car is subscribed or leased. So if you are one of those people who love customizations, rather than leasing a purchase will be perfect for you. 

If you are fine with out of prime cars: Cars like everything else will not be forever in their prime condition. But if you are someone who does not mind using a car for a prolonged time while the new cars offer improved tech and designs. Some people will have a dream car and once they get it they will be happy with it and may not feel the need to upgrade.

If you like going on long drives: Leased cars are usually sanctioned with two number plates. While one is private the other is commercial, so this may lead to higher toll amounts. If you are someone who regularly takes long road trips you must keep this expense in mind. 

When must you opt for a car subscription?

If you regularly move cities: If you are someone who shifts regularly, the car leasing model will be your best choice. People who have just started their career usually seek better opportunities and they will have to shift regularly. Buying a new car wherever you go is expensive beyond any doubt and it does not make any sense. The road tax and other expenses will tear your wallet and empty your savings. But nowadays, you can easily lease a car wherever you go. Even if you are moving cities and you are using a leased company car, ALD Automotive has a unique contract where it lets you take your company car to the next job quite easily. So leasing is your best option in this case. 

If you love driving new cars: We can see how fast the technology is growing each day and how it is being used by different industries. Automobile industry is quick to adapt and use technology. Each year we see newer models with newer tech which elevates the driving experience and increases safety. It is only normal that people are itching to try the new ride. Even if you are keen on purchasing it is better to try out a short term lease rather than short test drives. Lease the car for a year, then decide whether you want to buy it. Or you can simply use it till the lease ends and upgrade to a newer one by leasing again. That way you will be experiencing better rides without wasting a ton of money. 

If you want to avoid a down payment: Down payments have been an unavoidable hassle while getting a car until the arrival of leasing. Now with leasing you will save up on the down payment cost that you cannot escape on a car purchase. It is a good choice to save money, especially if you do not want to spend a big amount at that given moment. 

If you want to simplify the process of getting a car: Getting a new car by purchase means you have to go through a ton of tiring paperwork. It can be avoided with leasing since everything is just a click away now. From selecting a car to payment, everything is under your fingertips. 

If you plan to shift to an EV: As we all know EVs are expensive. But there is no argument about their future potential. They are the future of mobility. But the cost of an EV may surprise some. If you can afford one easily and prefer buying, you have that option. But with the rapid improvements in technology may produce more improved EVs, so upgrading to a better one won't be cost-effective if you purchase one. 

These are some of the facts to consider before jumping into purchasing a car or leasing a car. Be patient and analyze the situation in regards to your needs. Make your final decision about purchase or lease after going through these scenarios.

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Bring a New Car Home with Maruti Suzuki Car Subscription Plan

Auto buyers in the twenty-first century have a variety of options for getting an automobile home. One can determine the popularity of the car subscription model in India by looking at the present trend. By offering a far more intelligent method to buy a car through subscription programs that are gradually gaining ground in the Indian automotive market. Customers are enthralled by the ability to experience car ownership without really purchasing a vehicle. This has caused disruption in the traditional auto industry due to its totally distinct perspective.

Using a subscription approach, you can find your ideal car, from luxury cars to utilitarian vehicles. For customers who wish to own a car without any of the headaches that come with car ownership, several platforms have developed subscription options.

The Advantages of these Car Subscription Plans in India are as Follows:

No-hassle Ownership

The simplest method to have a car at your door without any bother is with a car subscription. To begin with a Maruti Suzuki car subscription plan, no lengthy paperwork or formalities are necessary. You don't need to worry about the insurance prices, the road taxes, or any other aspects of automobile ownership to have a pleasant driving experience. Additionally, you can return the automobile when the lease is up, which eliminates the trouble of car selling.

For individuals who don't have the time to take their car to the mechanic or feel burdened by the cost of replacing a malfunctioning spare part, a car subscription plan is a far better solution.

Multiple Options

Your financial alternatives are limited when you purchase a car, but a subscription plan enables you to consider more options. You have the option of renting an automobile that was previously out of your price range. You can rent a beautiful car for a small monthly subscription cost. You can make a decision based on your immediate needs and improve later. You have a variety of alternatives to pick from, including hatchbacks and SUVs. You can select a shorter or longer term when you purchase a car subscription plan. Following the expiration of the subscription time, you can renew the plan.

Save money

The actual cost of owning an automobile exceeds what you spend at the time of purchase by a significant amount. The costs of fuel, upkeep, road tax, and any other ongoing expenses are not covered. You pay no additional fees when you have a car subscription plan. The majority of car subscription options offer flat-rate monthly fees. In the event of a car breakdown or replacement spare part, you are not responsible for paying.

Flexibility

Purchasing a car might not be a smart choice for someone with a transferable work who frequently travels between different cities. You can choose a service that is subscription-based, in which case you pay a one-time fee up front before your subscription plan kicks in. For instance, if you sign up for a 12-month automobile subscription plan in Bangalore and move to Delhi after that time, you can simply and painlessly return the car. Of course, you may always purchase a new subscription in the city where you are travelling. For people who must travel from one location to another due to their employment commitments, this alternative has made it simpler.

Monthly Minimum Charges

Low monthly costs are one of the best aspects of a subscription-based plan. This makes the process of owning an automobile simpler. A automobile can be obtained in a few easy steps. Simply sign up, subscribe, and drive the vehicle of your choice for a set monthly cost. Automobile platforms now provide a variety of tenure alternatives, letting you choose between a short-term and long-term strategy. By selecting a longer membership plan, you may be able to save some more money.

Choosing between a new automobile purchase and a subscription plan is entirely up to you. Select a solution based on your usage and needs. Subscription-based business models will, nonetheless, play a significant role in the Indian auto sector.