Mahindra to offer vehicles on lease for up to ₹ 32,999/month
Electronics & Gadgets  

Under the Mahindra leasing scheme, vehicles will be available at a starting price of ₹ 13,499 per month for a KUV 1OO going up to ₹ 32,999 per month for an XUV5OO


New Delhi: In a bid to make its vehicles more affordable for customers, Mahindraa and Mahindra Ltd—the country’s third largest car maker—on Wednesday announced a vehicle leasing scheme in which a customer can take any one of the company’s passenger vehicles for a certain period by paying a fixed monthly instalment at the end of the month.
According to the company, the vehicle-leasing scheme will provide more convenience to customers since there will be no down payment that a customer has to make and the vehicle will be given back to the company at the end of the lease. Also, the monthly instalment, which ranges from ₹ 13,499 to ₹ 32,999 depending on the model, includes service and maintenance costs, insurance, on -road assistance, repairs and 24-hour replacement vehicle service.
Customers can easily upgrade to new models as and when they deem fit.
According a press release, Mahindra has partnered with service companies like Orix and ALD Automotive for this vehicle-leasing scheme. The leased vehicle will be available for periods of up to five years depending on the city and model selected.
“We are happy to introduce this unique leasing offering for our retail customers in association with Orix and ALD Automotive. Our lease offering for retail buyers aligns with our larger vision of transforming the face of mobility in India, disruption being at the very core,” said Veejay Ram Nakra, chief of sales and marketing, automotive division, M&M.


Mahindra will make available all its offerings, including the recently launched Marazzo, in the leasing scheme. The scheme will be available for customers in Delhi, Mumbai, Bengaluru, Hyderabad, Pune and Ahmedabad and later extended to 19 more cities.
“Our leasing model is a category creating product offering, a “no-worry” experience for customers who prefer convenience over ownership. It aims to bring a new class of customers, including professionals, small businessmen and millennials, into the Mahindra car experience who were waiting on the sidelines,” said V.S. Parthasarathy, group chief financial officer at Mahindra and Mahindra.



More in Electronics & Gadgets
Maruti Suzuki XL6 launched at Rs 9.80 lakh

6-seater MPV is positioned as a premium alternative to the Ertiga and will be sold from Maruti's Nexa dealership chain.

Recently posted . 9 views

Your smartphone is making you stupid and this study is proof!

We check our smartphones every waking minute. But did you know that your dalliance with this gadget can seriously impact your problem-solving ability?

Recently posted . 8 views

Hyundai Grand i10 Nios launched: Top five highlights

Post much wait, Hyundai has finally launched the Grand i10 Nios in India. The feature-loaded hatchback is available in four variants – Era, Magna, Sportz an...

Recently posted . 14 views

Samsung Galaxy Note 10, Galaxy Note 10+ With S Pen Support Launched in...

Samsung Galaxy Note 10 price in India is set at Rs. 69,999, whereas the Samsung Galaxy Note 10+ price starts at Rs. 79,999.

Recently posted . 9 views

Here's what the Redmi Note 8 Pro will look like

Xiaomi's sub-brand Redmi is busy working on its next mid-rangers, the Redmi 8 series. The Redmi 8 itself was spotted in some hands-on images earlier today, an...

Recently posted . 12 views

The Quantum Revolution Is Coming, and Chinese Scientists Are at the Fo...

China’s drive to dominate a field with big economic and military applications outpaces some US strides.

Recently posted . 10 views



Thought of the day

I once read that people who study others are wise but those who study themselves are enlightened..!