June 14, 2012

Avis introduces Operating Lease in India; launches Red Carpet Lease

Avis India has launched Avis Lease, an operating lease service for the Indian corporate sector. All services offered in Avis Lease have been designed by the company keeping in mind the unique requirements of the Indian corporate.

The flagship product of Avis
Lease is the unique Red Carpet Lease which for the first time in India offers a comprehensive and high quality operating lease solution. Besides the Red Carpet Lease, Avis India will also offer other services like Premium Lease, Fleet Consultancy & Fleet Management,

Sunil Gupta, CEO, Avis India while speaking at the launch said, "The concept of operating lease has been growing in India and major MNC and Indian corporate houses are moving towards taking cars on operating lease instead of buying. Corporate houses purchase around 10 per cent of the total cars sold in the country and out of that, only 10 per cent of the cars are leased. So far only a fraction of the leasing potential in India has been exploited and the potential for growth is huge. Avis India plans to invest Rs. 7-billion over the next 3-4 years in placing 7,000 vehicles on operating lease."

To spearhead its leasing business Avis has appointed Karunesh Arya as its Chief Operating Officer (Leasing). He has over 19 years of experience in managing businesses related to auto finance, car rentals and leasing.

"We plan to position operating lease as a lifestyle solution wherein the executive enjoys the use of an excellently maintained car with a comprehensive set of conveniences and services included at a low monthly pay-out. Our iconic Avis Red Carpet Lease offers features like fleet advisory, vehicle acquisition, insurance, repairs & maintenance, stay new plan, accident management, vehicle up-gradation, 24x7 road-side assistance, replacement vehicle, field technician support and vehicle disposal," said Arya.
"Our strong relationships with leading automobile manufacturers and insurance companies in India and our access to the best international practices in fleet management combine allow us to provide best in class operating lease services in the country," continued Sunil Gupta.

The Avis Lease solutions include 
> Red Carpet Lease: A full service operational lease that offers customers a comprehensive mobility solution with value added services to offer a superior experience to customers
> Premium Lease: A flexible operational lease which offers vehicle acquisition, maintenance, insurance and road-side assistance as standard services. The customer also has the option to add on other desired services
> Fleet consultancy services: A unique service which advises corporations on fleet policies, fleet mix, fleet acquisition and disposal 
> Fleet management services: A management only package for corporations with their own fleet who desire professional maintenance, insurance & road side assistance services from experts



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