Skoda India has signed a MoU with Orix Auto Infrastructure Services Ltd (OAIS), a wholly owned subsidiary of ORIX Corporation, Japan. The development introduces monthly lease rental for Skoda vehicles at an entry price point of Rs 19,856. Lease options will be made available to a wide group of people – salaried individuals, working professionals, SME-s, corporate entities, and public sector units/undertakings (PSU-s).
Skoda leasing solutions are flexible and gives users the choice of availing lease for up to five years for a Rapid, Octavia, Superb, and Kodiaq. In the 1st phase, the lease program is available in 8 metropolitan cities: Delhi, Mumbai, Pune, Ahmedabad, Bengaluru, Chennai, Kolkata and Hyderabad. A nationwide rollout will ensue in the subsequent phases.
Skoda vehicles can be leased in the aforementioned cities through OAIS’ existing business network and Skoda Auto dealer partners in first phase. This new development is in line with Skoda ‘INDIA 2.0’ project. Skoda Auto leasing solutions brings with it a range of benefits and services: road tax, insurance, breakdown assistance, accidental repairs, end-to-end maintenance, scheduled tyre and battery changes, and a replacement vehicle.
For those who are looking at alternatives to owing a car, here’s a leasing option that incorporates customized services, subscription-based payment models, zero down payment, and it effectively does away with having to deal with an unregulated and unorganized resale market.
Zac Hollis, Director – Sales, Service, and Marketing, Skoda Auto India Pvt Ltd said, “The partnership with ORIX reflects our commitment to reach out to our customers through new strategic avenues and serve their specific demands through superior ‘value for money’ products and services. The tailor-made leasing program will draw on the strengths of both companies and deliver an enhanced ownership experience to Skoda Auto customers.”
Sandeep Gambhir, Managing Director and Chief Executive Officer, ORIX Auto Infrastructure Services Ltd said, “We are delighted to partner with Skoda Auto India. Through this venture, we hope to strengthen the concept of automotive leasing in India and offer tangible benefits to corporates and retail customers: who can now experience superior products and avail the benefits under a range of value-added leasing options. Leasing has been a well-accepted product across all developed nations and we expect the same to happen in India. Also with the mind and mode shift trends of this millennial generation where convenience weighs more than ownership, we expect leasing to play a significant role in meeting customer expectations.”