Maruti Suzuki Leasing is available to Corporates, Small & Medium Enterprises and Self-Employed Professionals.
Hyundai Motor India Ltd and Mahindra and Mahindra Ltd also offer vehicles leasing solutions.
The plan has been in the works for about a year and is being spearheaded by a special projects team of the company.
Maruti Suzuki Leasing is a car leasing and fleet management service from Maruti Suzuki, specially designed for entrepreneurs and corporate entities. Under Maruti Suzuki Leasing, all-inclusive services like vehicle acquisition, insurance, maintenance and value added services giving customers an end- to-end experience, are offered.
Benefits of Leasing
Zero Down Payment: Drive away your vehicle with zero down payment and use your funds to grow your business
Effortless Maintenance: Opt for Fleet Management and get a comprehensive maintenance package which takes care of all scheduled and unscheduled maintenance, insurance and repairs.
Easy Upgrade: At the end of the lease tenure simply return and upgrade your vehicle to a new one with latest technology and features.
No Resale Risk: As you return the car after the completion of your tenure, you are insulated from residual value risk. Focus on your business while Maruti Suzuki Leasing takes away the hassles of resale.
Complete Insurance Cover: Enjoy stress free driving with complete insurance cover against accident damages and easy insurance renewals.
Value Added Benefits: Enjoy a series of value added services like pick-and-drop facility, replacement vehicle along with 24x7 breakdown assistance.
Healthier Balance Sheet: Maintain a healthier balance sheet and credit worthiness by leasing your vehicle and keeping it off the balance sheet.
More Savings: Save more by paying only for what you use. Also, your lease rental can be booked as an expense for your business. Avail benefits of a fixed running cost resulting in more savings.
Fixed Rental: Pay a fixed lease rental which is calculated based on the vehicle model and specific usage of the car according to the selected tenure and monthly mileage.
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The process for leasing is very simple, as follows:
India’s largest car maker Maruti Suzuki follows some of its closest rivals such as Hyundai Motor India Ltd and Mahindra and Mahindra Ltd (M&M), who already offer their vehicles on lease. However, Maruti Suzuki’s vehicle leasing model is bigger than the others as it plans to tap its large countrywide dealership network for the business expansion.
Such vehicle leasing services are popular in developed markets such as the US and Europe, while in India, the automakers have started this service for the past about two years. Luxury car makers such as Mercedes-Benz and BMW also have their own customized leasing plans.
Car leasing opens up additional revenue stream at a time when domestic automobile sales are forecast to slump this year due to the Covid-19-induced economic crisis. The situation might be conducive for car leasing as urban customers are likely to prefer the vehicle leasing model due to declining affordability and less hassle of leased vehicles.
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