-Flexible packages can be customised as per usage
Mahindra, the Indian car maker, has entered the leasing business in the Indian market, and will be providing this new service to retail buyers. As a part of the deal, its entire fleet is on offer, right from KUV100NXT to the flagship XUV 500 in partnership with Orix and ALD Automotive, the globally renowned leasing service companies.
Beginning from Rs 13,499 for the KUV100NXT, the monthly leasing charges will go up to Rs 32,999 for the XUV 500. The
lease will be offered in both wet and dry packages for a period ranging from three to five years. Wet lease includes all the insurance and maintenance costs. It also includes services like roadside assistance and 24 hours replacement vehicle. The customer has the option of buying the car at the end of the lease or give it back to the company.
The service will be offered across metro cities like Mumbai, Delhi, Bangalore, Hyderabad, Pune and Ahmedabad and then extended to over 19 cities. Mahindra expects the sales volumes to grow by about five per cent as a result of the leasing business.