Posted On : 09 Mar, 2019
India, March 9, 2019 : Hyundai Motor India Ltd (HMIL) and self-drive car rental service provider- Revv have tied up to provide Hyundai cars on a subscription basis. To make Hyundai car ownership more attractive, and possibly more accessible to a larger buyer group through hassle free ownership, flexibility and limited commitment basis its novel ‘Subscription Based Ownership Model’.
The customers could choose for a flexible ownership plan which includes both, short term and long term subscription. The customers will also be able to swap cars across Hyundai range and can easily avail it with zero down payment. Benefits also include no insurance or maintenance charge from the customer for short term subscription. Hyundai is also assuring new cars to customers who opt for one-year subscription or more.
The subscription-based car leasing service has been started as a pilot project. Hyundai and Revv have launched the service only in six cities initially- Delhi-NCR, Mumbai, Pune, Kolkata, Bengaluru and Hyderabad and haven't mentioned anything about the expansion plan yet. The project will start in Q1 2019.