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    Posted on 14 June 2012
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    Avis to tap leasing market with Rs 700cr

    Binny Sharma
    New Delhi

    Sunil Gupta CEO, Avis India, and Karunesh Arya, COO, in New Delhi

    Photo: Naval Hans

    AIMING TO tap the leasing potential in India, Avis India, the leading international car rental company on Wednesday launched Avis Lease, an operating lease service for the Indian corporate sector.


    Avis India has plans to invest Rs 700 crore by placing 7,000 vehicles on operating lease over the next three-four years, said Sunil Gupta, ceo, Avis India. “Corporate houses purchase around 10 percent of the total cars sold in the country and out of that, only 10 percent of the cars are leased. So far only a fraction of the leasing potential in India has been exploited and the potential for growth is huge,” he said.

    The firm will place 7k vehicles on operating lease over the next four years

    “We plan to position operating lease as a lifestyle solution wherein the executive enjoys the use of an excellently maintained car with a comprehensive set of conveniences and services included at a low monthly pay-out,” said Karunesh Arya, Chief Operating Officer (Leasing), of the firm.

    “Our relations with automobile manufacturers and insurance firms and our access to the best international practices allow us to provide the best operating lease services,” claimed Gupta.

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    Posted on 14 June 2012
 

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