Mahindra Finance enters into leasing and subscription business

Mahindra & Mahindra Financial Services on September 16 announced its entry into leasing and subscription business. The new vertical would operate under the brand name ‘Quiklyz’, said a press release.

Speaking on the new business initiative, Mr Ramesh Iyer, Vice-Chairman & Managing Director, Mahindra Finance, said, “With Quiklyz, we aim to make the process of ownership convenient for our consumers both for individual and corporate segments alike.”        

Mr Turra Mohammed, SVP & Head, Leasing & Subscription, Mahindra Finance, said, “A very important set of consumers for our new business will be the millennial who aspire to not only owning a vehicle, but to do so in a hassle-free manner.”