Adani Enterp. 1870.75↑23.50(1.27%)
Adani Ports 661.65↑3.90(0.59%)
Apollo Hospitals 4398.30↑78.10(1.81%)
Asian Paints 2809.75↑23.00(0.83%)
Axis Bank 864.35↑13.30(1.56%)
B P C L 332.25↓-5.05(-1.50%)
Bajaj Auto 4288.35↑2.35(0.05%)
Bajaj Finance 5904.45↑47.50(0.81%)
Bajaj Finserv 1341.30↑19.75(1.49%)
Bharti Airtel 767.05↓-4.05(-0.53%)
Britannia Inds. 4264.20↓-7.10(-0.17%)
Cipla 915.75↓-2.20(-0.24%)
Coal India 225.50↓-2.20(-0.97%)
Divi's Lab. 3183.95↓-28.15(-0.88%)
Dr Reddy's Labs 4852.90↓-28.10(-0.58%)
Eicher Motors 3213.05↑84.70(2.71%)
Grasim Inds 1701.10↓-16.35(-0.95%)
H D F C 2786.85↑17.60(0.64%)
HCL Technologies 1071.85↓-22.65(-2.07%)
HDFC Bank 1692.45↑7.55(0.45%)
HDFC Life Insur. 531.85↑14.80(2.86%)
Hero Motocorp 2447.05↓-30.25(-1.22%)
Hind. Unilever 2536.20↑7.25(0.29%)
Hindalco Inds. 422.05↑4.40(1.05%)
ICICI Bank 899.00↑8.85(0.99%)
IndusInd Bank 1109.30↑34.55(3.21%)
Infosys 1389.20↓-39.10(-2.74%)
ITC 395.60↑2.05(0.52%)
JSW Steel 720.65↑2.40(0.33%)
Kotak Mah. Bank 1869.50↑25.45(1.38%)
Larsen & Toubro 2258.75↓-29.75(-1.30%)
M & M 1204.55↓-2.80(-0.23%)
Maruti Suzuki 8670.80↑49.75(0.58%)
Nestle India 19465.35↑25.05(0.13%)
NTPC 173.05↓-2.75(-1.56%)
O N G C 158.75↑1.10(0.70%)
Power Grid Corpn 231.20↑3.90(1.72%)
Reliance Industr 2355.50↑8.85(0.38%)
SBI Life Insuran 1130.25↑3.40(0.30%)
St Bk of India 532.95↑4.75(0.90%)
Sun Pharma.Inds. 1003.50↓-13.20(-1.30%)
Tata Consumer 719.60↑1.20(0.17%)
Tata Motors 469.50↑4.00(0.86%)
Tata Steel 107.50↓-0.10(-0.09%)
TCS 3188.85↓-52.80(-1.63%)
Tech Mahindra 1086.85↓-23.05(-2.08%)
Titan Company 2585.65↓-2.25(-0.09%)
UltraTech Cem. 7655.25↓-27.60(-0.36%)
UPL 737.00↓-2.90(-0.39%)
Wipro 368.30↓-3.85(-1.03%)

Convenient and economical: Why car leasing is catching up in India

Automobile manufacturers report a growing interest in non-ownership options for vehicles

Bindisha Sarang Mumbai

Premium

You can drive your favourite car without owning it: leasing will make that happen. (Stock photo)

4 min read Last Updated : Apr 14 2023 | 11:43 PM IST

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Planning to buy a car? You don't have to when you can subscribe or even lease one. "India was predominantly an ownership market. Buyers paid in cash or took a car loan. Now there is a segment of buyers who are into non-ownership options like leasing or subscription. It's like renting, where you get the right to use the vehicle," says Ravi Bhatia, president and director, JATO Dynamics, an automotive research firm.

The country's automobile manufacturers report a growing interest in non-ownership options for vehicles. Maruti Suzuki India recently announced a partnership with SMAS Auto Leasing to offer a range of vehicles on subscription. "Car Subscription is gaining popularity among Indian customers across all major segments be it individual buyers, professionals, business owners or corporates," says Meherban Singh, general manager & head: Strategic Sales & Business Planning, SMAS Auto Leasing.

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