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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. ....
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. ....
Budget 2024: The rapidly growing electric vehicle (EV) industry is expecting a reduction in the goods and services tax (GST) rate on components and an extension of the Faster Adoption and Manufacturing of Electric Vehicles (FAME) subsidy scheme in the Budget 2024. ....
Gensol Engineering Ltd has received an order worth Rs 75 crore to lease 500 electric cargo vehicles from a logistics firm. The order was secured through its subsidiary, Gensol EV Lease Pvt Ltd. The vehicles will be deployed in Maharashtra, Karnataka, West Bengal, Tamil Nadu, and Telangana over the next six months. ....