NEW YORK, March 22, 2016 /PRNewswire/ -- This research service covers the vehicle fleet leasing market in India, with special focus on financial and operating lease of passenger vehicles and light commercial vehicles. With leasing companies offering fleet consultancy and fleet management services as per clients' requirements, the demand for leased vehicle as a tool for trade, business vehicle, vehicle as a part of CTC, and vehicle as a perk is growing. The study discusses market segmentation and market potential and compares the vehicle lease suppliers in India. It also includes the Mega Trends that would be impacting the fleet leasing industry, such as car rentals, cab leasing, corporate car sharing, and telematics. Future mobility business models are also discussed.
The Indian fleet leasing market is at a nascent stage; it presents growth opportunities owing to increasing awareness and acceptance among the corporates.
Fleet Leasing Market: Key Takeaways, India, 2015
Passenger Vehicle Fleet Leasing Market—Portfolio
-The Indian passenger vehicle fleet leasing market is untapped, with an active fleet of + vehicles in the organized market.
-The average lease period for a passenger vehicle is approximately years.
-The residual value of the vehicle depends on the lease tenure, the original equipment manufacturer (OEM) of the leased vehicle, and the purpose for which the vehicle is leased (as a tool for trade or for personal use); it may vary from % to % of the vehicle's original price.
Company Car Market
-The company car market contributed to % of the total number of new passenger vehicles registration in 2015.
-Outright purchase dominates the market. Operating lease is expected to drive the growth of the vehicle fleet leasing market.
-There are more than participants in the organized vehicle fleet leasing market who offer one or more services—operating lease, financial lease, and fleet management services.
-Approximately 2.75 L vehicles
As of 2015, financial lease is a Rs. C market, with an active fleet of + passenger vehicles in the organized market.
-Auto Infrastructure Services Ltd (OAIS) and Magma Auto Lease contribute to more than 92% of the total financial lease market.
Key Questions This Study Will Answer
-What is the structure of the Indian fleet leasing industry? Who are the key industry participants?
-What is the size of company car, operating lease, financial lease, and outright purchase markets in India?
-What is the short-to-medium term outlook for the Indian fleet leasing industry?
-What are the main growth drivers and industry challenges?
-How is the business environment of the fleet leasing market in India with regard to market dynamics and trends?
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