Carzonrent Value Their Lease Business

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Carzonrent is one of the leading transportation solution in India currently. They offer EasyCabs-Radio Taxi, MYLES-Self Drive, Intra-City, Outstation and Limo services as well. They are currently operational in 39 cities and began business back in 2000.

Carzonrent India Pvt. Ltd. today announced that they have realised the value of their lease business in a deal with Sumitomo Group Japan. They have set up SMAS Auto Leasing India, which gives Carzonrent a fleet strength of 2000 cars and over 135 marquee corporate clients in India.

Rajiv Vij, Managing Director, Carzonrent, commented, "We have identified chauffeur drive and self-drive as core businesses that will drive growth for us in the next decade. Post our agreement with Sumitomo Corporation, our strategic focus will be on expanding our cabs business under ‘Easy Cabs' brand and self-drive business under the ‘MYLES' brand."

He further added, "It's a win-win situation for both the companies, the employees, all stakeholders and the consumers. Sumitomo Corporation's diversified business pedigree and its affiliated funds have made significant investments in growing companies for more than a decade."

The Carzonrent company had recently ordered the single largest luxury car fleet in India. They had ordered several Mercedes-Benz vehicles and offer variety to their customers. They will also be investing over INR 100 crore to further strengthen their luxury car fleet in 2014-2015.

The Indian personal ground transportation company has fleet strength of 7500 cars. Their vehicles range from Maruti Suzuki Dzire even up to Mercedes-Benz. They have the complete solution for every need and want of their customers.

Story first published: Wednesday, October 1, 2014, 14:29 [IST]
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