Skoda India ties up with Orix for new car leasing

Skoda Auto India has entered into a partnership with Orix Auto Infrastructure Services to offer a range leasing solutions on its vehicles through the latter’s existing business network and as well as through Skoda Auto dealer partners.

The company says the monthly lease rental for Skoda model range will start at Rs 19,856 and will cater to retail and corporate customers across segments. The company will provide a range of flexible leasing solutions, including 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 to customers in eight 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'.

Skoda Auto says its leasing solutions incorporate benefits and services that include road tax, insurance, breakdown assistance, accidental repairs, end-to-end maintenance, scheduled tyre and battery changes, and a replacement vehicle. In addition, the company will offer customised services, subscription-based payment models, zero down payment, and complete avoidance of an unregulated and unorganised resale market, making leasing a 'Simply Clever' mobility solution and a feasible alternative to owning a car.