Car leasing is still a new term in India when you compare it with car ownership. People consider cars as pride and possession and look to keep their cars for a minimum period of five years. With the slowdown in sales, it might be an opportunity for many carmakers to hold descent.
Recently car makers such as Hyundai, Skoda, Mahindra and Fiat have come up with attractive plans. In such plans, you can rent some select models from these brands at a monthly cost with no down payment and keep the rented car for a period of 3-5 years. Apart from these, the car leasing companies are now being seen as a good prospect for many new buyers.
According to SMAS India, a leading car leasing company in India, car leasing is an efficient alternative to car loans and is now a globally preferred method for acquiring a car, providing a one-stop solution for all vehicle needs.
Owning a car involves complicated procedures from dealing with the car dealer, maintenance workshops, taxation, insurance company etc. On the other hand, vehicle leasing service centralizes these procedures and helps to significantly reduce administrative work and time along with financial advantages, comfort and flexibility.
Now let us have a look at the top 5 car leasing companies in India:
Avis Budget Group operates one of the world’s best-known car rental & leasing brands with approximately 5,500 locations in more than 170 countries. Avis has a long history of innovations in the car rental industry and is one of the world’s top brands for customer loyalty.
Avis India has been present in the country for over 16 years and has become a one-stop-shop for all vehicle leasing & car rental needs for the corporate sector in India.
In the process of providing all short term and long-term mobility needs of individuals and leading corporate clients in India, Avis ensures the safety, quality, reliability & transparency as key delivery benchmarks.
Being India’s premium car rental service provider, Avis Rent a Car has a fleet of more than 2500 premium cars across the country and an established network extending to 20 cities across 50+ conveniently-located rental stations.
Avis Lease offers a high-quality operating lease solution for the corporate sector with unique benefits which includes outsourcing of car ownership and maintenance, management of company car programs and fleet management.
It manages the company car programs for hundreds of MNCs, reputed Indian corporate houses & public sector units. The company has invested heavily in technology, systems and processes to help provide unmatched international experience to its customers. Avis in India has many first to its credit and its emphasis on blending global systems,
Avis Lease offers various services such as Red Carpet Lease (Full Service Operational Lease), Premium Lease (Flexible Operational Lease), Executive Lease (Limited Operational Lease), Fleet Advisory, Quick Mobility Service, Vehicle Acquisition, Repairs and Maintenance, Pick up and Drop, Stay New Plan, Damage Repair Management, Avis Assistance, Uninterrupted Mobility, Vehicle Disposal, Total Loss Retention, Tyres Service, Hydrostatic Lock Coverage, Registration Service, Accessories/ Other value-added services, Insurance cover, Field Technician Support and Vehicle Return.
ALD Automotive is a leading French originated automotive mobility service provider. Established in 2005, with a fleet of over 13,000 vehicles, it is India’s #1 fleet management and car leasing companies in India and is the operational vehicle leasing and fleet management business line of the Société Générale Group.
The company caters to more than 900 corporate customers in over 280 locations across in India. ALD Automotive is headquartered in Mumbai and has a direct presence in Delhi, Hyderabad, Chennai, Pune and Bengaluru. Globally, ALD Automotive offers fleet management and long-term vehicle leasing solutions to companies in 43 countries.
The company not only offers business vehicle leasing service but also customised mobility solutions to organisations based on their specific requirements but also offer a variety of benefits to their employees, like tax savings, pay per usage and easy upgrades.
ALD automotive has a comprehensive range of mobility solutions, including fleet management such as ALD Ugo, ALD 6 Wheel Lease, ALD 2nd Lease, ALD Smart, ALT Smart 15 and ALD Smart Plus.
ALD Automotive understands the importance of business continuity to our customers. It focuses on providing the highest quality of services, equivalent to global standards.
The company has dedicated departments and a vast and highly accessible network of authorized workshops and third-party service providers to cater to our clientele.
With this expertise, the company provides comprehensive fleet services that guarantee mobility at all time, from the beginning of the process till the end. The services include insurance, maintenance, 24 X 7 roadside assistance, relief car, door-to-door and fleet management.
LeasePlan began its operations in India in 1999. It is the market leader in vehicle acquisition and fleet management. With direct presence in Delhi/NCR, Mumbai, Kolkata, Ahmedabad, Bangalore and Chennai, LeasePlan has operational reach in all major towns and cities across the country.
The company’s mission is to provide innovative, sustainable vehicle leasing solutions. The company takes care of your vehicle leasing and fleet management needs. Whether you are a corporate, small business or self-employed professional, it offers solutions which can lead to significant savings, reduced administrative hassles, and increased productivity.
LeasePlan has different leasing products, each catering to a different segment, and together they are helping organisations prosper. From vehicle acquisition, insurance management to maintenance breakdown assistance to resale, LeasePlan takes care of everything.
The company offers several mobility solutions for diverse businesses, such as for feet on the street, Light commercial vehicles, For senior management, CTC Car Plan and Mobility aggregators.
Its car leasing services include Fleet Policy Advice, Acquiring and Leasing Fleets, Insurance Management, Maintenance & Repairs, Tyre Management, Replacement Cars, Vehicle Pick & Drop and LeasePlan Assist.
ORIX Auto Infrastructure Services Ltd (OAIS), incorporated in 1995, is 100% subsidiary of ORIX Corporation, Japan. ORIX has made its mark in the Indian market by providing innovative leasing & transportation solution that clients need to propel their business to the next level.
OAIS and it's subsidiary company ORIX Leasing & Financial Services India Ltd (OLFS) include a team of more than 1,000 employees spanning 20+ offices across India. ORIX has approximately 600 million USD of assets under its management, administration and servicing.
ORIX operates in India with its two subsidiaries:
ORIX Auto Infrastructure Services Limited (OAIS): Established in 1995, OAIS has been providing an operational lease of passenger cars and automobile-related services like Car Rentals, Business Transportation Solutions etc, in India. Services offered under OAIS include Operating Lease, Rent a Car, My Choice – Self Drive Cars, Business Transportation Solution & Mobility Solutions.
ORIX Leasing & Financial Services India Limited (OLFS): OLFS has been carved out of OAIS to focus on Financing Activities of the Group in the Non-Banking Finance Space in India. Services offered under OLFS include Finance Lease, Equipment Leasing, Loan Against Property & Commercial Vehicle Finance.
SMAS AUTO LEASING INDIA PVT LTD
SMAS Auto Leasing India Private Limited is a joint venture of Sumitomo Mitsui Auto Service Company Ltd. and Sumitomo Corporation, Japan.
SMAI has a varied base of corporate customers spanning across multiple industry verticals including IT, ITES, Manufacturing, Real Estate, Consulting, Hospitality etc. with a service delivery capability in more than 50 cities, having its offices at 6 locations covering the entire country.
Since its establishment in 1981, Sumitomo Mitsui Auto service has gone beyond vehicle leasing services. Today it provides a Total Vehicle Management Solution (TVMS) to its customers. It also specialises in end to end vehicle management services covering all aspects of vehicle management.
The company’s mission is to put its utmost focus on customer voice and rapidity on providing new values and innovative services. SMAS India provides a boutique of products and services reflecting the needs of the clients. It provides end to end vehicle leasing services for all your leasing needs.
The vehicle leasing services include Fleet Funding, Service, Maintenance & Repair, Insurance and Accident Management. SMAS India provides end to end vehicle leasing services from helping you decide the vehicle, financing, procurement, insurance premiums, maintenance, inspections, accidental repair, substitute vehicles and much more under one roof.
The benefits offered to companies include no down payment, tax saving, non-capitalization, maintenance outsourcing, higher liquidity, and vehicle disposal.
Through SMAS India company’s leading, you get the opportunity to address key elements of Recruiting, Retaining and Motivating your employees in the very competitive human resource market.
It's investing in your employees and their peace of mind. The benefits offered to employees are 100% car funding & no down payment, tax saving, tax-saving on maintenance on the car, options to pick & choose the value-added services, insurance premium protection for full term, test drives at their own premises, enrolment of the used cars, hassle-free and no paperwork required from employee and fleet consultancy.
These were the top 5 car leasing companies in India. If you ever plan to lease a car, these companies should always be your obvious choice.
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