Hyundai India Ties Up With ALD Automotive India To Provide Its Vehicles On Lease

Hyundai Motor India has announced a collaboration with ALD Automotive India to provide its cars on lease. Hyundai aims to make car owning experience more economical and is targeting to provide its cars on lease to salaried individuals, working professionals, small and medium enterprises, corporates and public sector. In the first phase, the Korean carmaker has started its operations in Delhi-NCR, Mumbai, Chennai, Hyderabad and Bangalore.

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Speaking on the Hyundai's lease offering S.J. Ha, Executive Director, Sales &Marketing, Hyundai Motor India said, "Indian automotive industry is at the cusp of transformation. As a smart mobility solutions provider, we at Hyundai understand the needs of our evolving customers and are committed to make 'Shared Mobility' accessible. The vehicle leasing business is rapidly picking pace in India and offers great prospects. We are extremely happy with our collaboration with ALD Automotive and together we will leverage our strengths to create Unique, Smart and Brilliant ownership experience for our customers."

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Commenting on the same development, Suvajit Karmakar, Chief Executive Officer & Whole-time Director, ALD Automotive India said, "We are extremely proud and excited to announce this partnership with Hyundai. I am confident that this association will make us explore newer product and service offerings and take Car Leasing to the next level in the Indian car market. This will further reinforce our position as a leader and we look forward to a mutually beneficial relationship with Hyundai."

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Hyundai will provide its entire product line-up on monthly lease rent. The benefits of leasing to the customers include no upfront cost, no financial risk, efficient tax management, easy upgrade and no maintenance and insurance hassles. The leased vehicle will be available for a minimum period of two years going up to five years depending on the city and model.