Mahindra-Owned Quiklyz to Offer Range of EVs for Leasing, Subscription in India


Mahindra Finance’s vehicle leasing and subscription arm, QuickLease, has said that it will offer a wide range of electric vehicles (EVs) for leasing and subscription to potential customers. Launched in November last year, the Quiklyz digital platform offers a membership program for both retail and corporate customers. This allows customers to access new cars without the hassle of car ownership, as the company takes care of registration, insurance, scheduled and unscheduled maintenance as well as roadside assistance.

The platform, which offers multi-brand vehicles, said it currently has the largest portfolio of EVs on subscription platforms, which includes original equipment manufacturers (OEMs) such as both three- and four-wheelers. Mahindra, Tata Motors, mercedes benz, MG Motors, Audi, A type of animal and Piaggio.

Quiklyz plans to add more EVs to its portfolio as it aims to create exciting EV subscription products for its customers, it said.

“Quikliz will continue to focus on electric vehicles and create an exciting platform for customers to access such vehicles in an affordable and hassle-free manner. All this in keeping with India’s commitment to become carbon-neutral by 2070. Will happen.” Quiklyz Senior Vice President and Head of Business Tura Mohamed said.

According to the platform, customers will have the flexibility to upgrade their vehicle in two to three years, in line with the ever-increasing technology features in new EV launches.

The program offers a monthly subscription fee starting from Rs. 21,399 per month for Electric 4W and Rs. 13,549 for an electric 3W load. This fee includes insurance, maintenance and roadside assistance and flexibility for upgrades.

Suman Mishra, CEO, Mahindra Electric said, “Leasing and subscription are becoming important channels for our Electric 3W in the load segment especially for new age enterprises. We are committed to providing such financing solutions to our customers. Look forward to continuing to work with Quicklys.”


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