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Avis Introduces Operating Lease in India - June 01, 2012

Appoints Karunesh Arya as COO
Launches Red Carpet Lease in India – To invest Rs 7 Bn

New Delhi, June 2012: Avis India, the leading International Car Rental Company in the country has launched Avis Lease, an operating lease service for the Indian corporate sector. All services offered in Avis Lease have been designed by the Company keeping in mind the unique requirements of the Indian corporate.

The flagship product of Avis Lease is the unique Red Carpet Lease which for the first time in India offers a comprehensive and high quality operating lease solution. Besides the Red Carpet Lease, Avis India will also offer other services like Premium Lease, Fleet Consultancy & Fleet Management,

Mr Sunil Gupta, CEO, Avis India while speaking at the launch said “The concept of operating lease has been growing in India and major MNC and Indian corporate houses are moving towards taking cars on operating lease instead of buying. Corporate houses purchase around 10% of the total cars sold in the country and out of that, only 10% of the cars are leased. So far only a fraction of the leasing potential in India has been exploited and the potential for growth is huge. Avis India plans to invest Rs 7 Billion over the next 3-4 years in placing 7000 vehicles on operating lease.”

Avis has been present in India for over 12 years and is an industry leader in quality and reliability of services. The company‟s investment in technology, processes and systems enables it to provide an unmatched international experience.

To spearhead its leasing business Avis has appointed Mr Karunesh Arya as its Chief Operating Officer (Leasing). He has over 19 years of experience in managing businesses related to auto finance, car rentals and leasing.

“We plan to position operating lease as a lifestyle solution wherein the executive enjoys the use of an excellently maintained car with a comprehensive set of conveniences and services included at a low monthly pay-out. Our iconic Avis Red Carpet Lease offers features like fleet advisory, vehicle acquisition, insurance, repairs & maintenance, stay new plan, accident management, vehicle up-gradation, 24X7 road side assistance, replacement vehicle, field technician support and vehicle disposal” said Mr Arya.

Operating Lease enables corporate houses to offer its executives the convenience of uninterrupted mobility coupled with a high degree of personalized service in a tax efficient manner without investing in assets not core to its business.

“Our strong relationships with leading automobile manufacturers and insurance companies in India and our access to the best international practices in fleet management combine allow us to provide best in class operating lease services in the country.” Continued Mr Gupta

The Avis Lease solutions include

Red Carpet Lease - A full service operational lease that offers customers a comprehensive mobility solution with value added services to offer a superior experience to customers
Premium Lease - A flexible operational lease which offers vehicle acquisition, maintenance, insurance and road-side assistance as standard services. The customer also has the option to add on other desired services.
Fleet consultancy services - A unique service which advises corporations on fleet policies, fleet mix, fleet acquisition and disposal
Fleet management services - A management only package for corporations with their own fleet who desire professional maintenance, insurance & road side assistance services from experts.

“As the number one luxury car manufacturer in India, BMW India congratulates Avis India on the launch of its leasing business in India. On behalf of BMW Group India, I would like to wish Avis India success in all its upcoming endeavors. With the launch of Avis Lease, we look forward to create unparalleled experiences for our esteemed clientele in India.” said Dr Andreas Schaaf, President, BMW Group India while congratulating Avis India.

Mr. Michael Perschke, Head, Audi India said “Audi India congratulates Avis India on the launch of Avis Lease, the premium operational lease service, in India today. Avis is well known for the reliability and quality of its services in India and I am sure Avis Lease will find acceptance by corporate clients in India. We, at Audi India, wish them the best and look forward to collaborate in future.”

Congratulating Avis India on its new initiative, Mr Peter Honegg, Managing Director & CEO, Mercedes Benz said “Avis has been a prestigious & strong fleet partner for us and we hope to strengthen our relationship with your new business initiative. We are certain that corporate customers will benefit from the high quality leasing solution on offer from Avis lease”

Avis in India has been a a one-stop shop for all car rental needs. With the launch of Avis lease the Company now offers the full bouquet of mobility solutions in the Indian market.

About Avis India India's leading car rental provider Avis India is a joint venture between The Oberoi Group & Avis Budget Group. It has a fleet of more than 1400 premium cars across India. With a network extending across 42 conveniently located rental stations in 19 cities. For further information, please visit www.avis.co.in

The Oberoi Group operates 28 hotels and three cruisers in five countries under the luxury „Oberoi‟ and five-star „Trident‟ brands. For more information on The Oberoi Group, please visit www.oberoihotels.com.

Avis Budget Group is a leading global provider of vehicle rental services. For more information about Avis Budget Group, visit www.avisbudgetgroup.com For further details please contact

Business Line - June 01, 2014

Avis India to offer ‘sale and lease back' deal for corporates

OUR BUREAU
To invest Rs 700 crore in car leasing
NEW DELHI, JUNE 14:


Avis India may soon take a leaf out of the airlines' books by offering a „sale and lease back' arrangement for the existing car fleets of its corporate clients. This is part of the new „Operating Lease' service announced by the world's largest car rental company.

Avis will be investing Rs 700 crore over four years in purchasing about 7,000 cars for its corporate customers under this new business arm. This is besides a Rs 250-crore investment in the company's car rental business.

“Major MNCs and Indian corporate houses are moving towards taking cars on lease instead of buying. They purchase about 10 per cent of the cars sold in the country, of that only 10 per cent is leased. So, the potential is huge,” said Mr Sunil Gupta, CEO of Avis India.

Avis has appointed Mr Karunesh Arya as the COO (leasing). Mr Arya has over 19 years of experience in the business across companies such as Ford Credit and Carzonrent. Focussing on service benefits, the premium lease offering „Red Carpet Lease' will offer corporates comprehensive fleet advisory, insurance, repairs/maintenance and field technician support.

It will also look at re-leasing used cars after the initial lease term is over.

Unlike a financing plan where a buyer owns a car and pays monthly instalments, the concept of leasing implies a regular payment only for usage. The vehicle is then returned to leasing company after a fixed term of about three-five years.

In an operating lease model, the company takes care of all maintenance and other requirements such as insurance as part of a single fee.

However, a „financial lease' usually does not offer the other benefits.

Operating lease services for corporates has been offered by LeasePlan in India since 1999.

Recently, the Volkswagen Group, Mercedes-Benz and BMW have also launched such services, which additionally offer lease to individuals. Toyota is expected to follow suit.

http://www.wheelsunplugged.com/ViewNews.aspx?newsid=13883

Car rental company Avis reaps success in travel and media awards

One of the leading car hire companies, Avis, has been recognised for its service excellence after scooping five accolades at the World Travel Awards last month, where it was named Europe's LeadingBusiness Car Rental Company, Asia‟s Leading Car Hire Company, Africa‟s Leading Business Car Rental Company, Indian Ocean‟s Leading Car Rental Company and Egypt‟s Leading Car Rental Company.

The World Travel Awards is a prestigious organization that recognizes excellent customer service in the international travel and tourism industry. It serves as a benchmark for industry excellence and prides itself on identifying companies that consistently excel beyond expectation to offer a world-class service, making it the most coveted and sought after awards in the industry.

Furthermore, Avis has been awarded as the Best Car Rental Company Worldwide by UK-based international travel publication, Business Traveller and the Silver Lions during the much acclaimed Cannes Lions International Festival of Creativity for its commitment to environmental sustainability through its 'Carbon Neutral' status in South Africa. This noble effort has also been recognized in the Climate Change Leadership Awards where it won top prize in the Corporate Services Category followed by recent results on the Top Brands Survey of the Sunday Times (South Africa) wherein it gained top ranking in the Business to Business Car Rental Category.

Its impressive accomplishment in the service industry is all the more exemplified with its recognition as the Leading Car Rental Company in Customer Loyalty in the Brand Keys Customer Loyalty Engagement Index in India. Avis‟ success at the World Travel Awards and all these prestigious award shows only proves how Avis can make a difference in the service industry. Through its steadfast commitment to world class service and customer satisfaction, as well as its relentless goal to provideflexible mobility solutions to travellers around the world, Avis remains unparalleled in this realm despite tough competition.

http://motownindia.com/Motown/Gadgets/View_Details.aspx?id=542&type=National_News

Avis India earmarks Rs. 700 cr for car leasing biz Motown India Bureau

Avis India, a joint venture between The Oberoi Group and New Jersey-based Avis Budget Group, has announced that it will invest over Rs. 700 crore to roll out its operating lease services for the corporate sector. The Delhi-headquartered firm, which currently has a fleet of more than 1,500 cars across the country, plans to purchase over 7,000 vehicles on operating lease in the next 3-4 years. Additionally, the company would be pumping in Rs. 200-250 crore on its existing car rental service.

The company will launch the service in 7-8 prominent metropolitan cities like Delhi, Mumbai, Kolkata, Chennai, Hyderabad, Pune Chennai, Chandigarh et al in the first phase. In the subsequent phase, the services will be expanded to tier-II cities. The flagship product of Avis Lease is the unique Red Carpet Lease which for the first time in India offers a comprehensive and high quality operating lease solution. Besides the Red Carpet Lease, Avis India will also offer other services like Premium Lease, Fleet Consultancy & Fleet Management. Sunil Gupta, CEO, Avis India, while speaking at the launch noted,

“The concept of operating lease has been growing in India and major MNC and Indian corporate houses are moving towards taking cars on operating lease instead of buying.” He went on to add, "From the leasing business, we expect to post a topline of Rs. 150 crore by 2012-13 and double that amount by the next financial year."

To spearhead its leasing business Avis has appointed Karunesh Arya as its Chief Operating Officer (Leasing). He has over 19 years of experience in managing businesses related to auto finance, car rentals and leasing. “We plan to position operating lease as a lifestyle solution wherein the executive enjoys the use of an excellently maintained car with a comprehensive set of conveniences and services included at a low monthly pay-out,” said Karunesh Arya, adding, “Our iconic Avis Red Carpet Lease offers features like fleet advisory, vehicle acquisition, insurance, repairs & maintenance, stay new plan, accident management, vehicle up-gradation, 24X7 road side assistance, replacement vehicle, field technician support and vehicle disposal.”

According to Avis India, the operating leasing market in the country currently stands at around US$ 300 million with about 45,000 vehicles. At present, 10pc of the over 2.6 million cars sold in India is bought by corporates of which only 10pc are leased. That percentage, however, is expected to shoot up as more players enter the fray in line with the evolution of the market. “Our strong relationships with leading automobile manufacturers and insurance companies in India and our access to the best international practices in fleet management combine allow us to provide best in class operating lease services in the country, ” Continued Gupta, adding,

“The company will also hire 100 people for this new business. Currently it employs 350 people,” he added. It also plans to expand its car rental fleet from the existing 1,500 to 2,500 cars over the next 4 years. “The car rental business is booming too and we have to keep investing in that as well.”

Avis targets a topline of Rs 150 crore in 2 years from operating lease business - June 12, 2013

June 14, 2012: Car rental major Avis India has rolled out its operating lease services for the corporate sector that is expected to rake in a business of around Rs 150 crore for the company over the next two years. Avis, which also rents out cars, is optimistic of closing the current fiscal at Rs 150 crore with a major portion contributed by the leasing business.

The flagship product under Avis Lease will be the red carpet lease that will offer facilities of fleet advisory, vehicle acquisition, insurance, repair and maintenance, stay new plan, accident management, vehicle upgradation, 24x7 road assistance, replacement vehicles, field technician support and vehicle disposal. The leasing system will enable corporates to offer extended mobility to executives along with personalised service facilitated through tax benefits for leasing services.

Avis India‟s CEO Sunil Gupta says that the concept of operating lease has been growing in the country and major MNC and Indian corporate houses are moving towards taking cars on operating lease instead of buying them. Of the total cars sold in India, only 10 percent are purchased by corporates, of which only 10 percent are leased. Hence, Avis visualises a huge potential for growth for the operating leasing business in India and to give it further impetus has appointed Karunesh Arya as the new COO of Leasing.

 

Avis plans to invest Rs 700 crore on the operating lease business over the next 3 to 4 years with a target of 7,000 cars functioning on operating lease, according to Arya. In addition, another Rs 250 crore will be invested on strengthening the company‟s car rental business with both being funded through a 4:1 mix of debt and equity.

At present, the 45,000 vehicle operating lease market in India has five major players fighting for space and Avis expects the sector to grow at around 27 percent per annum.

Besides its red carpet lease solution, Avis will also offer premium lease, fleet consultancy and fleet management services.

A joint venture between the Oberoi Group and Avis Budget Group, the India arm of Avis has a fleet of 1,400 cars ranging from premium hatchbacks like the Toyota Etios to luxury saloons like the Mercedes-Benz S-class. Similar cars will be offered under the leasing solution supported by the customer‟s choice.

SHOBHA MATHUR - June 14, 2012

http://www.autopulze.com/automobile/avis-india/avis-introduces-operating-lease-in-india/

Avis Introduces Operating Lease in India
BY APADMIN ON JUNE 14, 2012 IN AVIS INDIA


-Appoints Karunesh Arya as COO
-Launches Red Carpet Lease in India – To invest Rs 7 Bn
New Delhi, June 14, 2012: Avis India, the leading International Car Rental Company in the country has launched Avis Lease, an operating lease service for the Indian corporate sector. All services offered in Avis Lease have been designed by the Company keeping inmind the unique requirements of the Indian corporate.

The flagship product of Avis Lease is the unique Red Carpet Lease which forthe first time in India offers a comprehensive and high quality operating leasesolution. Besides the Red Carpet Lease, Avis India will also offer other services like Premium Lease, Fleet Consultancy & Fleet Management,

Mr Sunil Gupta, CEO, Avis India while speaking at the launch said “The concept of operating lease has been growing in India and major MNC and Indian corporate houses are moving towards taking cars on operating lease instead ofbuying. Corporate houses purchase around 10% of the total cars sold in the country and out of that, only 10% of the cars are leased. So far only a fraction of the leasing potential in India has been exploited and the potential for growth is huge. Avis India plans to invest Rs 7 Billion over the next 3-4 years in placing 7000 vehicles on operating lease.”

Avis has been present in India for over 12 years and is an industry leader in quality and reliability of services. The company‟s investment in technology, processes and systems enables it to provide an unmatched international experience.

To spearhead its leasing business Avis has appointed Mr Karunesh Arya asits Chief Operating Officer (Leasing). He has over 19 years of experience in managing businesses related to auto finance, car rentals and leasing.

“We plan to position operating lease as a lifestyle solution wherein the executive enjoys the use of an excellently maintained car with a comprehensive set of conveniences and services included at a low monthly pay-out. Our iconic Avis Red Carpet Lease offers features like fleet advisory, vehicle acquisition, insurance, repairs & maintenance, staynew plan, accident management, vehicle up-gradation, 24X7 road sideassistance, replacement vehicle, field technician support and vehicle disposal”said Mr Arya.

Operating Leaseenables corporate houses to offer its executives the convenience of uninterrupted mobility coupled with a high degree of personalized service in atax efficient manner without investing in assets not core to its business.

“Our strong relationships with leading automobile manufacturers and insurance companies in India and our access to the best international practices in fleet management combine allow us to provide best in class operating lease servicesin the country.” Continued Mr Gupta

The Avis Lease solutions include

-Red Carpet Lease – A full service operational lease that offers customers a comprehensive
mobility solution with value added services to offer a superior experience to customers

-Premium Lease – A flexible operational lease which offers vehicle acquisition, maintenance, insurance and road-side assistance as standard services. The customer also has the option to add onother desired services.
-Fleet consultancy services – A unique service which advises corporations on fleet policies,
fleet mix, fleet acquisition and disposal
-Fleet management services – A management only package for corporations with their own
fleet who desire professional maintenance, insurance & road side assistance services from experts.

“As the number one luxury car manufacturer in India, BMW India congratulates Avis Indiaon the launch of its leasing business in India. On behalf of BMW Group India, I would like to wish Avis India success in all its upcoming endeavors. With the launch of Avis Lease, we look forward to create unparalleled experiences for our esteemed clientele in India.” said Dr Andreas Schaaf, President, BMWGroup India while congratulating Avis India.

Mr. Michael Perschke, Head, Audi India said “Audi India congratulates Avis India on the launch of Avis Lease, the premium operational lease service, in India today. Avis is well known for the reliability and quality of its services in India and I am sure Avis Lease will find acceptance by corporate clients in India. We, at Audi India, wish them the best and look forward to collaborate in future.”

Congratulating Avis India on its new initiative, Mr Peter Honegg, Managing Director &CEO, Mercedes Benz said “Avis has been a prestigious & strong fleet partner for us and we hope to strengthen our relationship with your new business initiative. We are certain that corporate customers will benefit from the high quality leasing solution on offer from Avis lease”

Avis in India has been a a one-stop shop for all car rental needs. With the launch of Avis lease the Company now offers the full bouquet of mobility solutions in theIndian market. About Avis India

India‟s leading car rental provider Avis India is a joint venture between The Oberoi Group & Avis Budget Group. It has a fleet of more than 1400 premium cars across India. With a network extending across 42 conveniently located rental stations in 19 cities. For further information, please visit www.avis.co.in

The Oberoi Group operates 28 hotels and three cruisers in five countries under the luxury „Oberoi‟ and five-star „Trident‟ brands. For more information on The Oberoi Group, please visit www.oberoihotels.com.

Avis Budget Group is a leading global provider of vehicle rental services. For moreinformation about Avis Budget Group, visit www.avisbudgetgroup.com

http://www.wheelsology.com/2012/06/avis-introduces-operating-lease-in.html

Avis introduces Operating Lease in India; launches Red Carpet Lease 6/14/2012 04:02:00 PM Wheelsology com

Avis India has launched Avis Lease, an operating lease service for the Indian corporate sector. All services offered in Avis Lease have been designed by the company keeping in mind the unique requirements of the Indian corporate.

The flagship product of Avis Lease is the unique Red Carpet Lease which for the first time in India offers a comprehensive and high quality operating lease solution. Besides the Red Carpet Lease, Avis India will also offer other services like Premium Lease, Fleet Consultancy & Fleet Management,

Sunil Gupta, CEO, Avis India while speaking at the launch said, "The concept of operating lease has been growing in India and major MNC and Indian corporate houses are moving towards taking cars on operating lease instead of buying. Corporate houses purchase around 10 per cent of the total cars sold in the country and out of that, only 10 per cent of the cars are leased. So far only a fraction of the leasing potential in India has been exploited and the potential for growth is huge. Avis India plans to invest Rs. 7-billion over the next 3-4 years in placing 7,000 vehicles on operating lease."

To spearhead its leasing business Avis has appointed Karunesh Arya as its Chief Operating Officer (Leasing). He has over 19 years of experience in managing businesses related to auto finance, car rentals and leasing.

"We plan to position operating lease as a lifestyle solution wherein the executive enjoys the use of an excellently maintained car with a comprehensive set of conveniences and services included at a low monthly pay-out. Our iconic Avis Red Carpet Lease offers features like fleet advisory, vehicle acquisition, insurance, repairs & maintenance, stay new plan, accident management, vehicle up-gradation, 24x7 road-side assistance, replacement vehicle, field technician support and vehicle disposal," said Arya.

"Our strong relationships with leading automobile manufacturers and insurance companies in India and our access to the best international practices in fleet management combine allow us to provide best in class operating lease services in the country," continued Sunil Gupta. The Avis Lease solutions include

Red Carpet Lease: A full service operational lease that offers customers a comprehensive mobility solution with value added services to offer a superior experience to customers

Premium Lease: A flexible operational lease which offers vehicle acquisition, maintenance, insurance and road-side assistance as standard services. The customer also has the option to add on other desired services

Fleet consultancy services: A unique service which advises corporations on fleet policies, fleet mix, fleet acquisition and disposal

Fleet management services: A management only package for corporations with their own fleet who desire professional maintenance, insurance & road side assistance services from experts

Avis introduces operating lease in India with an investment of Rs 7 Billion Thu 14 Jun, 2012 11:38 AM IST

Avis India, the international car rental company in the country has launched Avis Lease, an operating lease service for the Indian corporate sector. All services offered in Avis Lease have been designed by the Company keeping in mind the unique requirements of the Indian corporate. The flagship product of Avis Lease is the unique Red Carpet Lease which for the first time in India offers a comprehensive and high quality operating lease solution. Besides the Red Carpet Lease, Avis India will also offer other services like Premium Lease, Fleet Consultancy & Fleet Management.

Sunil Gupta, CEO, Avis India while speaking at the launch said “The concept of operating lease has been growing in India and major MNC and Indian corporate houses are moving towards taking cars on operating lease instead of buying. Corporate houses purchase around 10 percent of the total cars sold in the country and out of that, only 10 percent of the cars are leased. So far only a fraction of the leasing potential in India has been exploited and the potential for growth is huge. Avis India plans to invest Rs 7 Billion over the next 3-4 years in placing 7000 vehicles on operating lease.”

Avis has been present in India for over 12 years and is an industry leader in quality and reliability of services. The company‟s investment in technology, processes and systems enables it to provide an unmatched international experience. To spearhead its leasing business Avis has appointed Karunesh Arya as its Chief Operating Officer (Leasing). He has over 19 years of experience in managing businesses related to auto finance, car rentals and leasing.

“We plan to position operating lease as a lifestyle solution wherein the executive enjoys the use of an excellently maintained car with a comprehensive set of conveniences and services included at a low monthly pay-out. Our iconic Avis Red Carpet Lease offers features like fleet advisory, vehicle acquisition, insurance, repairs & maintenance, stay new plan, accident management, vehicle up-gradation, 24X7 road side assistance, replacement vehicle, field technician support and vehicle disposal” said Arya.

http://www.clubauto.in/c/blog/view/1528/Avis_introduces_operating_lease_in_India_with_an_in vestment_of_Rs_7_Billion

Avis India, the international car rental company in the country has launched Avis Lease, an operating lease service for the Indian corporate sector. All services offered in Avis Lease have been designed by the Company keeping in mind the unique requirements of the Indian corporate. The flagship product of Avis Lease is the unique Red Carpet Lease which for the first time in India offers a comprehensive and high quality operating lease solution. Besides the Red Carpet Lease, Avis India will also offer other services like Premium Lease, Fleet Consultancy & Fleet Management.

Sunil Gupta, CEO, Avis India said “The concept of operating lease has been growing in India and major MNC and Indian corporate houses are moving towards taking cars on operating lease instead of buying. Corporate houses purchase around 10 percent of the total cars sold in the country and out of that, only 10 percent of the cars are leased. So far only a fraction of the leasing potential in India has been exploited and the potential for growth is huge. Avis India plans to invest Rs 7 Billion over the next 3-4 years in placing 7000 vehicles on operating lease.”

Avis has been present in India for over 12 years and is an industry leader in quality and reliability of services. The company‟s investment in technology, processes and systems enables it to provide an unmatched international experience. To spearhead its leasing business Avis has appointed Karunesh Arya as its Chief Operating Officer (Leasing). He has over 19 years of experience in managing businesses related to auto finance, car rentals and leasing.

“We plan to position operating lease as a lifestyle solution wherein the executive enjoys the use of an excellently maintained car with a comprehensive set of conveniences and services included at a low monthly pay-out. Our iconic Avis Red Carpet Lease offers features like fleet advisory, vehicle acquisition, insurance, repairs & maintenance, stay new plan, accident management, vehicle up-gradation, 24X7 road side assistance, replacement vehicle, field technician support and vehicle disposal” said Arya.

http://apnnews.com/2012/06/14/avis-introduces-operating-lease-in-india-to-invest-rs-7-bn/

Avis Introduces Operating Lease in India – To invest Rs 7 Bn Jun 14, 2012

New Delhi : Avis India, the leading international car rental Company in the country has launched
Avis Lease, an operating lease service for the Indian corporate sector. All services offered in Avis Lease have been designed by the company keeping the unique requirements of the Indian corporate.

The flagship product of Avis Lease is the unique Red Carpet Lease which for the first time in India offers a comprehensive and high quality operating lease solution. Besides the Red Carpet Lease, Avis India will also offer other services like Premium Lease, Fleet Consultancy & Fleet Management,

Mr Sunil Gupta, CEO Avis India while speaking at the launch said “The concept of operating lease has been growing in India and major MNC and Indian corporate houses are moving towards taking cars on operating lease instead of buying. Corporate houses purchase around 10% of the total cars sold in the country and out of that, only 10% of the cars are leased. So far only a fraction of the leasing potential in India has been exploited and the potential for growth is huge. Avis India plans to invest Rs 7 billion over the next 3-4 years in placing 7000 vehicles on operating lease.”

Avis has been present in India for over 12 years and is an industry leader in quality and reliability of services. The company‟s investment in technology, processes and systems enables it to provide an unmatched international experience.

T o spearhead its leasing business Avis has appointed Mr Karunesh Arya as its Chief Operating Officer (Leasing) . He has over 19 years of experience in managing businesses related to auto finance, car rentals and leasing.

“We plan to position operating lease as a lifestyle solution wherein the executive enjoys the use of an excellently maintained car with a comprehensive set of conveniences and services included at a low monthly pay-out. Our iconic Avis Red Carpet Lease offers features like fleet advisory, vehicle acquisition, insurance, repairs & maintenance, stay new plan, accident management, vehicle up-gradation, 24X7 road side assistance, replacement vehicle, field technician support and vehicle disposal” said Mr Arya.

Operating Lease enables corporate houses to offer its executives the convenience of uninterrupted mobility coupled with a high degree of personalized service in a tax efficient manner without investing in assets not core to its business.

“Our strong relationships with leading automobile manufacturers and insurance companies in India and our access to the best international practices in fleet management combine allow us to provide best in class operating lease services in the country.” Continued Mr Gupta

The Avis Lease solutions include
Red Carpet Lease – A full service operational lease that offers customers a comprehensive
mobility solution with value added services to offer a superior experience to customers
Premium Lease – A flexible operational lease which offers vehicle acquisition, maintenance, insurance and road-side assistance as standard services. The customer also has the option to add on other desired services.
Fleet consultancy services – A unique service which advises corporations on fleet policies, fleet mix, fleet acquisition and disposal
Fleet management services – A management only package for corporations with their own fleet who desire professional maintenance, insurance & road side assistance services from experts.

“As the number one luxury car manufacturer in India, BMW India congratulates Avis India on the launch of its leasing business in India. On behalf of BMW Group India, I would like to wish Avis India success in all its upcoming endeavors. With the launch of Avis Lease, we look forward to create unparalleled experiences for our esteemed clientele in India.” said Dr Andreas Schaaf, President, BMW Group India while congratulating Avis India.

Mr. Michael Perschke, Head, Audi India said “Audi India congratulates Avis India on the launch of Avis Lease, the premium operational lease service, in India today. Avis is well known for the reliability and quality of its services in India and I am sure Avis Lease will find acceptance by corporate clients in India. We, at Audi India, wish them the best and look forward to collaborate in future.”

Avis in India is a one-stop shop for all car rental needs with Safety, Quality, Timely Service delivery & Customer Delight as some of its important benchmarks. Avis in India offers chauffeur and self-drive services across a wide range of cars including Economy Segment Cars (Toyota Etios or similar), Mid Segment (Honda City or similar), Premium Segment (Toyota Corolla, Toyota Camry, Mercedes E & S class) and MUV/SUV‟s.

http://www.carinsurancehunter.com/international-car-insurance.php

Avis introduces operating lease in India with an investment of Rs 7 Billion
Avis India, the international car rental company in the country has launched Avis Lease, an operating lease service for the Indian corporate sector. All services offered in Avis Lease have been designed by the Company keeping in mind the unique requirements of the Indian corporate. The flagship product of Avis Lease is the unique Red Carpet Lease which for the first time in India offers a comprehensive and high quality operating lease solution. Besides theRed Carpet Lease, Avis India will also offer other services like Premium Lease, Fleet Consultancy & Fleet Management.

Sunil Gupta, CEO, Avis India while speaking at the launch said “The concept of operating lease has been growing in India and major MNC and Indian corporate houses are moving towards taking cars on operating lease instead of buying. Corporate houses purchase around 10 percent of the total cars sold in the country and out of that, only 10 percent of the cars are leased. So far only a fraction of the leasing potential in India has been exploited and the potential for growth is huge. Avis India plans to invest Rs 7 Billion over the next 3-4 years in placing 7000 vehicles on operating lease.”

Avis has been present in India for over 12 years and is an industry leader in quality and reliability of services. The company‟s investment in technology, processes and systems enables it to provide an unmatched international experience. To spearhead its leasing business Avis has appointed Karunesh Arya as its Chief Operating Officer (Leasing). He has over 19 years of experience in managing businesses related to auto finance, car rentals and leasing.

“We plan to position operating lease as a lifestyle solution wherein the executive enjoys the use of an excellently maintained car with a comprehensive set of conveniences and services included at a low monthly pay-out. Our iconic Avis Red Carpet Lease offers features like fleet advisory, vehicle acquisition, insurance, repairs & maintenance, stay new plan, accident management, vehicle up-gradation, 24X7 road side assistance, replacement vehicle, field technician support and vehicle disposal” said Arya.

http://news.indiamart.com/story/avis-india-infuse-rs-950-cr-expansion-162471.html