Volkswagen partners ORIX for car leasing service in India

The company is offering customers car leasing from a minimum period of two years to a maximum period of four years.
(FILES) This file photo taken on June 1, 2018 shows Volkswagen cars waiting to be shipped at the harbour in Bremerhaven, northern Germany. - Germany on November 14, 2019 dodged a technical recession with a slight third-quarter growth, leaving analysts divided over whether sunnier skies or further months flirting with a downturn lie ahead for Europe's biggest economy. (Photo by Patrik STOLLARZ / AFP) (AFP)
(FILES) This file photo taken on June 1, 2018 shows Volkswagen cars waiting to be shipped at the harbour in Bremerhaven, northern Germany. - Germany on November 14, 2019 dodged a technical recession with a slight third-quarter growth, leaving analysts divided over whether sunnier skies or further months flirting with a downturn lie ahead for Europe's biggest economy. (Photo by Patrik STOLLARZ / AFP)

European auto major Volkswagen on Friday said it has partnered ORIX Auto Infrastructure Services for providing car leasing service in India.

The partnership comprises retail leasing solution, which will offer a range of Volkswagen cars catering to start-up entrepreneurs, MSMEs, salaried individual and corporate professionals, the company said in a statement.

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The monthly lease rental for Volkswagen model range will start at 17,647 and will be offered through the Corporate Business Centre (CBC) present in six metro cities -- Delhi, Mumbai, Pune, Chennai, Hyderabad and Bengaluru, it said.

Gradually, the program will be extended to other CBCs as well in the country, it added.

The company is offering customers car leasing from a minimum period of two years to a maximum period of four years.

"With our partnership with ORIX, our customers will have the convenience and flexibility to drive premium mobility at a value for money proposition through a monthly rental," Volkswagen Passenger Cars Director Steffen Knapp said.

This will enhance financial independence for customers with shorter periods of asset holding and no upfront capital requirement, he added.

ORIX Auto Infrastructure Services Managing Director and Chief Executive Officer Sandeep Gambhir said, "We believe this partnership between two leading global brands will fulfil many such dreams by enabling customers to experience Volkswagen premium products through our innovative and curated lease options which would now be available across Volkswagen's Corporate Business Centre (CBC)."

First Published Date: 14 Dec 2019, 10:45 AM IST
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