Bangalore: Mahindra & Mahindra Ltd. (M&M), one of India’s leading auto brands, today announced an innovative scheme for corporates and SMEs in Karnataka. As a result of this tie up, LeasePlan will be a preferred leasing and fleet management partner for Mahindra vehicles. Corporates and SMEs can now lease vehicles such as the Scorpio, the XYLO, the Bolero and the Logan through LeasePlan India Limited at very attractive lease rentals.
Mahindra and LeasePlan will leverage each other’s strengths to offer the Mahindra range of products, combined with all the benefits of leasing.
Benefits from this innovative leasing scheme include:
- Outsourcing of fleet management
- No blocking of capital
- No down payment required
- Pre-determined expenses for the entire lease tenure
- Service, insurance, accident repairs, etc., taken care of by LeasePlan
- No more re-sale risks on the vehicle
- Coverage for insurance claim shortfalls
- Pick up & Drop of vehicles for scheduled maintenance in major cities
- Replacement cars provided in major cities
- 24X7 break-down assistance
- And a host of other value added services
“This Scheme will provide our corporate customers with additional options for driving Mahindra passenger vehicles. Being the world leader in leasing and fleet management, LeasePlan will be a very attractive option for our valuable corporate customers.” said Mr. Bharatendu Kapoor, Vice President, Sales, Automotive Sector, Mahindra & Mahindra Ltd.
“We have a long and established relationship with Mahindra and this innovative scheme will draw on the strengths of both companies. Leasing of vehicles offers very tangible benefits to corporates. Through this scheme, we hope to further strengthen the concept of leasing and offer value to Mahindra customers.” said Mr. Rahul Maroli, Head – Operations, LeasePlan India.
About the Mahindra Group
The US $6.3 billion Mahindra Group is among the top 10 industrial houses in India. Mahindra is the market leader in multi-utility vehicles in India. It made a milestone entry into the passenger car segment with the Logan. Mahindra & Mahindra is the only Indian company among the top tractor brands in the world.
The Group has a leading presence in key sectors of the Indian economy, including the financial services, trade, retail and logistics, automotive components, after-market, information technology and infrastructure development. Mahindra has made an entry in the two-wheeler segment which will see the company emerge as a full-range player with a presence in almost every segment of the automobile industry.
The Mahindra Group recently expanded its IT portfolio when Tech Mahindra acquired the leading global business and information technology services company, Satyam Computer Services. The company is now known as Mahindra Satyam.
Mahindra's Farm Equipment Sector is the proud recipient of the Japan Quality Medal, the only tractor company worldwide to be bestowed this honour. It also holds the distinction of being the only tractor company worldwide to win the Deming Prize. The US based Reputation Institute recently ranked Mahindra among the top 10 Indian companies in its Global 200: The World's Best Corporate Reputations list.
Mahindra is also one of the few Indian companies to receive an A+ GRI checked rating for its first Sustainability Report for the year 2007-08.
About Lease Plan
LeasePlan is the world's leading vehicle leasing and fleet management company. With offices in 30 countries and over 40 years of experience, LeasePlan manages a total fleet of 1.4 million cars around the globe.
As India’s No. 1 operational car leasing company, LeasePlan delivers a comprehensive range of corporate car mobility solutions. LeasePlan services include fleet acquisition, insurance, maintenance through the life cycle of the vehicle and accident management.
In India, LeasePlan has leased over 23,000 cars to more than 1000 corporate clients. Today, LeasePlan has an active fleet of over 13,000 cars on the Indian roads.
LeasePlan India is a wholly owned subsidiary of LeasePlan Corporation NV, The Netherlands. The parent company, LeasePlan Corporation, is held by the consortium of the Volkswagen Group (50%), Mubadala Development Company (25%) and the Olayan Group (25%).
For further information please contact:
Ms Roma Balwani
VP & Head - Corporate Communications
Mahindra & Mahindra Ltd
Phone: 022 – 2490 1441
Fax: 022 - 2490 0830