The new subscription policy is available on all 7 Mahindra SUV models that are currently on sale in India. This policy is aimed to bypass the long waiting periods for some of its SUVs.
Mahindra& Mahindra has tied up with vehicle leasing platform Qyicklyz to offer its flagship models for a subscription. The new subscription policy is available on Mahindras Auto portal as well as on Quicklyz. Customers living in all the major eight cities in India can avail of this offer. The cities are Mumbai, Pune, Delhi, Gurugram, Bengaluru, Hyderabad, and Chennai.
All SUVs of the Mahindra can be availed via this subscription model. This includes the XUV700 (Has a Waiting period of up to 2 years), the second generation Thar, the XUV 300, Scorpio, etc.
Customers availing of this subscription offer will have to pay a monthly rental of Rs. 21,000, irrespective of which SUV they choose. This amount is inclusive of insurance, maintenance, and roadside assistance, without any additional payment. Customers will also be provided with the choice of tenure between 24 months to 60 months.
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Speaking at the occasion of the announcement was the Chief Executive Officer of the automotive division of Mahindra and Mahindra. He implied the importance of change in customer behaviour demand, which has bought forward this pay-per-use model. Offering leasing options to customers through our sales channels will provide customers with flexibility and transparency in a simple and convenient manner. Quiklyz will help us target and leverage the potential of India's expanding car leasing market, further broadening our consumer portfolio."
Speaking on behalf of Qyicklyz was Turra Mohammed, Senior Vice President, and Business Head. He said, Vehicle leasing and subscription are becoming a new normal and cost-effective means of accessing a vehicle."
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The vehicle subscription industry is expected to grow at a compound annual growth rate of 15-20 per cent in the next 5-10 years making it one of the fast-growing markets in India, Turra further added.
Qyicklyz further has an expansive list of electric vehicles on its subscription models, and as part of this new joint venture ship, the leasing platform will also feature Mahindras Treo load e-commerce vehicles up for the subscription.
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