New Delhi, March 2019.

SKODA AUTO India has signed a Memorandum of Understanding (MoU) with ORIX Auto Infrastructure Services Limited (OAIS): a wholly owned subsidiary of ORIX Corporation, Japan. A range of innovative and competitive leasing services will now be offered to lease SKODA AUTO products through OAIS’s existing business network and SKODA AUTO dealer partners.

The monthly lease rental for SKODA model range will start at INR 19,856 and cater to retail and corporate customers across segments: salaried individuals, working professionals, small and medium business enterprises, corporate entities, and public sector units/undertakings.With a range of flexible leasing solutions, one can avail lease for up to five years on the SKODA AUTO model range: RAPID, OCTAVIA, SUPERB, and KODIAQ.

In the first phase, SKODA AUTO leasing solutions will be offered exclusively to customers across eight metropolitan cities, namely: Delhi, Mumbai, Pune, Ahmedabad, Bengaluru, Chennai, Kolkata and Hyderabad, before a nationwide rollout in the subsequent phase, as part of the ‘INDIA 2.0’ project.

Mr. Zac Hollis, Director – Sales, Service, and Marketing, SKODA AUTO India Pvt Ltd said,“The partnership with ORIX reflects our commitment to reach out to our customers through new strategic avenues and serve their specific demands through superior ‘value for money’ products and services. The tailor-made leasing program will draw on the strengths of both companies and deliver an enhanced ownership experience to SKODA AUTO customers.”

Mr. Sandeep Gambhir, Managing Director and Chief Executive Officer, ORIX Auto Infrastructure Services Ltd said, “We are delighted to partner with SKODA AUTO India. Through this venture, we hope to strengthen the concept of automotive leasing in India and offer tangible benefits to corporates and retail customers: who can now experience superior products and avail the benefits under a range of value-added leasing options. Leasing has been a well-accepted product across all developed nations and we expect the same to happen in India. Also with the mind and mode shift trends of this millennial generation where convenience weighs more than ownership, we expect leasing to play a significant role in meeting customer expectations