India Car Leasing Market Grows as SMEs and Corporates Embrace Mobility

India's car leasing market is gaining traction among small and medium enterprises in tier-2 and tier-3 cities for employee field functions.

Ayvens Country Managing Director Suvajit Karmakar estimates the total leased vehicle fleet in India at 1.3 lakh units, growing at an annual rate of 5 to 10 percent.

Despite recent growth, car leasing remains in its infancy, accounting for less than two percent of India's overall passenger vehicle market.