In a bid to capitalise on the growing demand for zero emission vehicles, Quiklyz, the vehicle leasing and subscription business of Mahindra & Mahindra Financial Services Limited expects 20 percent of its leasing business to come from zero-emission products in the next two to three years.
Given the prevailing uncertainties over the resale value of an electric vehicle, there has been a growing demand for leasing and subscription solutions amongst individuals and corporates, which is what Quicklyz hopes to capitalise on.
Autocar Professional learns, the company which has already financed over 15,000 electric vehicles to fleet operators across three-wheelers and four-wheeler passenger and load vehicles, aims to build its EV portfolio to about 40,000 units by 2025. Leasing deals will play a pivotal role in driving the business higher, says the company.
This story is from the 15th February 2023 edition of Autocar Professional.
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This story is from the 15th February 2023 edition of Autocar Professional.
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