As banks hesitate to finance, electric vehicles get a 'lease' of lifeLeasing of vehicles allows the fleet operators to be asset light and channel the capital to other parts of their business instead of spendi...
25 Dec, 2022, 05.13 PM IST
Indian businesses seek government support to meet 2030 EV targetThis is the first collective push by companies in India to switch to clean mobility and comes weeks ahead of an United Nations' climate cha...
14 Oct, 2021, 02.11 PM IST
PumPumPum in talks to raise $10 million in Series A fundsThe company had raised Rs 5.5 crore from Inflection Point Ventures earlier this month in pre-series funding
21 Apr, 2021, 10.41 PM IST
Indians are increasingly renting cars instead of buying. But does it really suit you?The car subscription model, with its flexibility, is changing urban India. But it might not be for everyone.
13 Jan, 2019, 10.48 AM IST
Equity rout derails IPOs from Spain to IndiaLodha has postponed an IPO, in which it had anticipated raising about Rs 5,500 crore.
15 Oct, 2018, 08.24 PM IST
Mahindra Electric ties up with Zoomcar to offer 100 EVs in DelhiMahindra Electric, the electric mobility portfolio of Mahindra & Mahindra (M&M), said the tie up is aimed at promoting shared and cleaner m...
10 Apr, 2018, 06.44 PM IST
Leasing firms want cess dropped on cars on-roadAll cars sold from July 1, including the smaller ones, will face a cess in addition to 28% GST. The cess will vary depending on size, engin...
30 Jun, 2017, 11.32 AM IST
Corporate executives rush to foreclose car leases before GSTCab aggregators such as Uber and Ola that have about 30,000 leased cars also face this threat. Lease rentals could rise by 25-30% in the GS...
26 Jun, 2017, 01.27 AM IST
Self-drive car rental startup Revv raises $9 million in equity and debt financingFounded in 2015 by Agarwal and Karan Jain, both formerly with McKinsey, Revv is currently present in four cities across the country – Delhi...
07 Dec, 2016, 03.24 PM IST
Ola inks pact with Nissan to lease cars to driver partnersOla today said it has signed an agreement with Nissan Motor India to procure cars for lending them to new drivers.
03 Nov, 2015, 06.22 PM IST
Ola to invest Rs 5,000 crore in cab leasing businessDrivers can lease a car for a deposit of Rs 35,000 and monthly lease payments (of about Rs 15,000) with option to own vehicle after 3 years.
14 Sep, 2015, 03.45 PM IST
Demand for car leasing market robust at 15-20%: Suvajit Karmakar, ALD AutomotiveALD Automotive manages a fleet in excess of 8500 vehicles catering to more than 650 corporate customers in over 250 locations across India.
23 Oct, 2013, 07.45 PM IST
- BNP Paribas' sub Arval India to invest Rs 560 cr over 2 years
So far, the company that debuted in India in 2008, has invested close to Rs 150 crore and leased out 2,500 vehicles to Indian corporates.
12 Dec, 2010, 03.58 PM IST
- Leased cars help in retaining staff
As corporate India outdoes each other on retaining employees, car leasing companies are cashing in on the trend.
07 Dec, 2007, 01.34 AM IST