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Skoda Auto India signs MoU with ORIX Auto Infrastructure Services to offer leasing services for its products

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Skoda Auto India signs MoU with ORIX Auto Infrastructure Services to offer leasing services for its products

The products of Skoda can be leased through the carmaker's dealer partners and the existing business network of ORIX Auto Infrastructure Services. The monthly lease rental for Skoda model range will start at Rs 19,856 and cater to salaried individuals, working professionals, small and medium business enterprises, corporate entities and public sector units or undertakings.

Skoda Auto India has signed a Memorandum of Understanding (MoU) with ORIX Auto Infrastructure Services, a wholly owned subsidiary of Japan's ORIX Corporation, to provide leasing services for its products. Currently, the carmaker offers four models in the country -- Kodiaq, Superb, Octavia and Rapid.

The products of Skoda can be leased through the carmaker's dealer partners and the existing business network of ORIX Auto Infrastructure Services. The monthly lease rental for Skoda model range will start at Rs 19,856 and cater to salaried individuals, working professionals, small and medium business enterprises, corporate entities and public sector units or undertakings. With a range of flexible leasing solutions, one can avail lease for up to five years on the Skoda models in India.

"The partnership with ORIX reflects our commitment to reach out to our customers through new strategic avenues and serve their specific demands through superior 'value for money' products and services. The tailor-made leasing program will draw on the strengths of both the companies and deliver an enhanced ownership experience to Skoda Auto customers," Skoda Auto India director for sales, service and marketing Zac Hollis said in statement.

In the first phase, the Skoda Auto leasing solutions will be offered exclusively to customers across eight metropolitan cities -- Delhi, Mumbai, Pune, Ahmedabad, Bengaluru, Chennai, Kolkata and Hyderabad. The second phase will see a nationwide rollout of the services under the 'India 2.0' project.

"We are delighted to partner with Skoda Auto India. Through this venture, we hope to strengthen the concept of automotive leasing in India and offer tangible benefits to corporates and retail customers, who can now experience superior products and avail the benefits under a range of value-added leasing options," ORIX Auto Infrastructure Services managing director and chief executive officer Sandeep Gambhir said.

"Leasing has been a well-accepted product across all developed nations and we expect the same to happen in India. Also with the mind and mode shift trends of this millennial generation where convenience weighs more than ownership, we expect leasing to play a significant role in meeting customer expectations," Gambhir added.

Skoda Auto leasing solutions incorporate a variety of benefits and services like road tax, insurance, breakdown assistance, accidental repairs, end-to-end maintenance, scheduled tyre and battery changes and a replacement vehicle.

With customized services, subscription-based payment models, zero down payment and complete avoidance of an unregulated and unorganized resale market, leasing is a 'simply clever' mobility solution and a feasible alternative to owning a car, Skoda Auto India said.