Leasing is becoming a key driver in electric vehicle (EV) sales in India, especially as the high upfront cost remains a barrier to adoption. Companies like Quiklyz, Ayvens, and Lithium Urban Technologies are witnessing significant growth in the EV leasing business. Fleet operators and logistics companies find leasing more economical than purchasing due to lower total cost of ownership and the ability to channel capital to other parts of their business. Leasing also offers flexibility and technology risk mitigation in the rapidly evolving EV industry.
Yamaha Motor: The Japanese automaker’s subsidiary, Moto Business Service India, has been around for three years now. The top management is upbeat about the road ahead with the growing shift from ownership to usership of bikes happening across India’s young user base.
Abhishek Chandrashekar, chief executive officer, Royal Brothers, said that the startup intends to make it easy for 500 million Indians to ride motorcycles without needing to own a vehicle.
Abhishek Chandrashekar, chief executive officer, Royal Brothers, said that the startup intends to make it easy for 500 million Indians to ride motorcycles without needing to own a vehicle.