Mahindra Finance now enters into the vehicle leasing and subscription business under the brand name of ‘Quiklyz’. Vehicle leasing and subscription is an ever-evolving and growing business in the country. Various companies along with OEM automotive manufacturers have now come up with their plans and subscription packages.
This model offers much flexibility alongside providing a hassle-free ownership experience. Mahindra is introducing ‘Quiklyz’ for both individual and corporate consumers. With various challenging reforms coming in like, the new vehicle scrappage policy, BS6 emission norms and the emergence of EVs, the trend in the automotive industry is quite unpredictable. Thus, the vehicle subscription model is getting more popular and will continue to do so in the future.
The carmaker will make sure to offer its customers lucrative plans and subscription packages. The main idea is to offer the customers an easy and quick vehicle owning experience without having to treat car-owning as a long-term commitment. This plan will help the corporate business owners greatly who want to own a fleet of vehicles for a limited period of time. Mahindra Finance also mentioned that the name ‘Quiklyz’ shows an aspirational mindset that will help in attracting more audiences. This ‘Quiklyz’ will provide a platform to launch similar products in the rural markets in the country.
Mahindra Finance has signed an MoU with the State Bank of India to provide a host of financial schemes for its range of small commercial vehicles. With the festive season just around the corner, these financial offers will encourage more customers to make new purchases. Mahindra’s latest offering, XUV700 has created a significant buzz in the market. The most talked-about point is its price. Starting at INR 11.99 lakh ex-showroom, XUV700 offers one of the most value-for-money propositions in the market today. The full pricing is not yet out and we expect the SUV to sell in huge numbers, thus replicating the success of the Thar.