Car rental business plan mumbai india

Email Learn the basics about starting this business from our guide. Do you live in an area that is a tourist destination, near the airport, a busy commercial center or terminal? People who go to these places have one thing in common: If you are planning to open a business in this section, a car rental business is one enterprise you can start.

Car rental business plan mumbai india

From on-demand service to self-drive, car rental space has been evolving continuously in the country. In on-demand car rental space, no other player has been able to breach the market of Ola and Uber. However, self-drive car rental space is witnessing a boom with multiple players exploring this market.

According to an estimate, more than 10 organised players are working in the segment in the four metro cities, with new players continuously joining in.

In the past two years, the market has evolved and witnessed a huge growth, both in terms of users and service providers. The idea was derived from the concept of sharing economy.

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Since the launch in with just seven cars, Zoomcar has expanded its fleet to 1, with price range varying between Rs 95 per hour to Rs per hour. The company started its operation in Bengaluru and now offers self-drive car rental services in cities like, Mumbai, Delhi, Pune, Chennai, and Hyderabad.

They plan on adding 7, new cars to their existing fleet and launch Zoomcar in 15 more cities. Evolution of the market The players in the space are also launching various campaigns, packages, and services to increase its user base.

Revv another competitor in the segment describes its model to be a mix of Zipcar and Dominos. They home deliver the car to the user. Till now, the self-drive car rental companies have had parking lots from where a user picks up the car but Revv wants to make this bit easier as well.

The other differentiator in terms of the model is unlimited kilometres. Revv has raised a seed round from investors, which includes CEO of Myntra more than 10 directors and partners from McKinsey.

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Since the launch of the doorstep delivery launched by Revv, many other players have also adopted the service. Taking convenience to a new level, Zoomcar recently unveiled door-step services for users across key markets to become operational before year-end. Recently, Zoomcar launched SuperMiler, the first-of-its-kind campaign which allowed customers to drive for unlimited kilometers.

The campaign was designed for corporates, office goers, and travellers who were planning a long distance getaway. They have also designed special packages including ZoomCommute, to attract corporates and office goers who are looking for an economic weekday self-drive option.

This package offers a range of cars for weekly use, accompanied by special packages to suit the consumer needs as an affordable alternative to owning cars. Zoomcar, Revv, Voler, Carzonrent and many other companies are using such technologies in their cars.

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InZoomCar started with the usual GPS tracking system, but soon realised the potential to evolve technologically. The OBD device monitors the performance of the car and gives real-time feedback to the driver. Zoomcar is using these devices in its cars. Revv is also planning to switch to dynamic pricing system.You can now book online car rental reservations for business, corporate and leisure travel.

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car rental business plan mumbai india

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- Tim Boyle/Getty Images News An "I've always wondered " two-fer: Two listener questions on the. According to Ken Research, the Indian car rental market revenues will grow at a considerable CAGR rate and is expected to touch Rs billion by From on-demand service to self-drive, car.

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