Toyota to offer cars in India on lease, subscription

Toyota Motor Corp will offer its cars in India on leases or shorter-term subscriptions, hoping to tap growing demand for private transport as travelers cut down on communal journeys in the COVID-19 pandemic.

The Japanese automaker said on Tuesday it would offer leasing plans to corporate and retail customers of three to five years across its portfolio of cars – including the Glanza hatchback, Yaris sedan and Fortuner sport-utility vehicle – for as little as 21,000 rupees ($281) a month.

Naveen Soni, senior vice president, sales and service at the carmaker’s India unit, said the need for safe transport was growing and leasing or subscription models offered a more cost-effective solution than buying a car.

So far, leasing and subscription services in India have largely focussed on the higher end of the auto market and therefore make up a fraction of the overall numbers, said Soni.



Oman Observer

To get free breaking news and updates from Oman Observer, WhatsApp your name and email to 96473232. is now on Telegram. Join our channel in your Telegram and stay updated

observer has 9413 posts and counting.See all posts by observer