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Convenient and economical: Why car leasing is catching up in India

Automobile manufacturers report a growing interest in non-ownership options for vehicles

vehicle loan, vehicle lease
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You can drive your favourite car without owning it: leasing will make that happen. (Stock photo)

Bindisha Sarang Mumbai
Planning to get a car? Besides buying, today you also have the option of leasing it. “India was predominantly an ownership market where people either paid the entire cost themselves or took a loan. Now, however, a segment of buyers goes for non-ownership options like leasing or subscription. These options are akin to renting, where you get the right to use the vehicle,” says Ravi Bhatia, president and director, JATO Dynamics, an automotive research firm.

Buy and customise

When you buy a car, you own it. Since it’s your car, you have complete control over it. You can customise it to your

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First Published: Apr 14 2023 | 11:45 PM IST

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