Mahindra & Mahindra Financial Services Limited on November 17 announced the official launch of its leasing and subscription business ‘Quiklyz’.
The venture is a new-age digital platform for vehicle leasing and subscription that aims to provide great convenience, flexibility and choice to customers across cities, said a press release by the company.
Quiklyz, it said, is the first-of-its-kind digital journey on car usership with which the customer can access a brand-new car without all the hassles of car ownership. Quiklyz will take care of registration, insurance, scheduled and unscheduled maintenance, road-side assistance etc.
In the initial phase, Quiklyz will launch its services in metro cities and will further expand it to other cities across the country.
Quiklyz will be available for both corporate (B2B) and retail (B2C) customers. Under the B2B segment, the company aims to offer services to corporates and fleet operators while in B2C segment, it will target customers with millennial mindset, said the release.
It will cover vehicles across all major auto OEMs, with wide range of choice in terms of vehicle models, variants and colors, added the release.
Mr. Ramesh Iyer, Vice-Chairman & Managing Director, Mahindra Finance, said, “Car leasing and subscription is a lucrative and fast-growing business in India. We aim to achieve a book size of Rs 10,000 crore in a span of three-five years.”