Mahindra Finance launches lease-based vehicle subscription business for urban centres

New Delhi, November 19, 2021.

Mahindra & Mahindra Financial Services (Mahindra Finance) announced the launch of lease-based vehicle subscription business for the urban centres, eyeing a business of Rs 10,000 crore in the next 3-5 years.

Under a brand christened ‘Quiklyz’, the non-banking financial company (NBFC) said it will be the first-of-its-kind digital journey on vehicle usership aimed at catering to both the retail customers and corporate.

Under the new-age vehicle leasing and subscription business ‘Quiklyz’, the company will offer multi-brand vehicle leasing and subscription, targeting to reach as many as 30 cities within a year and garner a book size of Rs 10,000 crore in 3-5 years, Mahindra Finance said while announcing Quiklyz virtually

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