Mahindra joins its hand with Orix and ALD to offer leasing solution for vehicle lovers. Under this scheme the person opting for leasing option should pay a flat amount to Mahindra leasing to lease the vehicle. The lease amount includes cost of service, maintenance, insurance, on -road assistance, repairs and 24-hour replacement vehicle service.
Mahindra & Mahindra intends to offer its various cars under this scheme. TUV100 will be leased at Rs 13999/month where as XUV500 can be leased at Rs 32999/-. Recently launched Marazzo will also be available under this scheme in coming days. Initially this scheme will be available for consumers of Ahmedabad, Bengaluru, Delhi, Hyderabad, Mumbai and Pune. This scheme will be further extended to 19 more cities later.
Our leasing model is a category creating product offering, a “no-worry” experience for customers who prefer convenience over ownership. It aims to bring a new class of customers, including professionals, small businessmen and millennials, into the Mahindra car experience who were waiting on the sidelinesV.S. Parthasarathy, group chief financial officer at Mahindra and Mahindra.
Success of this business model will be known as time progresses. One of the major advantages of leasing car would be hassle free exchanges to new variants. The lease period of the vehicles will be for a period of up to 5 years.