Automakers make hay as car leasing gains momentum

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Key Points

The passenger vehicle subscription and leasing models are gradually gaining momentum in the country..

To cash in on the growing demand, Kia India is the latest to join the bandwagon after Maruti Suzuki, Tata Motors, Mahindra & Mahindra and MG Motor...

Subscription and leasing models offer customers convenience of driving a new car without the burden of ownership, insurance, maintenance and other related costsMaruti Suzuki, Tata Motors, Mahindra & Mahindra, MG Motor are already offering cars on lease and subscription..

Myung-sik Sohn, Chief Sales Officer, Kia India, said, The leasing model is a global mega trend which is gaining momentum in India too..