Hyundai, ALD Automotive launch vehicle leasing service

Hyderabad: Hyundai Motor India Ltd (HMIL) on Thursday announced the launch of its vehicle leasing service in partnership with ALD Automotive India. 'Hyundai Leasing' will offer all of the company's entire model line-up for leasing with no upfront and maintenance costs, HMIL said in a statement.

"The Indian automotive industry is at the cusp of transformation...The vehicle leasing business is rapidly picking pace in India and offers great prospects," HMIL Executive Director (Sales and Marketing) S J Ha said.

As a smart mobility solutions provider, he said Hyundai understands the needs of evolving customers and are committed to making 'Shared Mobility' accessible. Through the collaboration with ALD Automotive, the company will leverage respective strengths to create unique ownership experience for customers, Ha added.

HMIL is targeting salaried individuals, working professionals, small and medium enterprises, corporates and public sector companies. Hyundai Leasing will be available across Delhi-NCR, Mumbai, Chennai, Hyderabad and Bengaluru in the first phase, the company said.