Top 10 Best Car Leasing Companies in India in 2027
Car leasing is becoming an increasingly attractive alternative to purchasing a vehicle in India. With changing consumer preferences, rising vehicle ownership costs, flexible employment arrangements and the growing popularity of subscription-based mobility, individuals and businesses are exploring leasing as a practical way to access cars without making a large upfront investment.
Unlike traditional car financing, where customers purchase a vehicle through a loan and eventually become its owners, leasing allows customers to use a vehicle for an agreed period in exchange for monthly payments. Depending on the leasing arrangement, the package may also cover insurance, scheduled maintenance, roadside assistance, registration-related expenses and other vehicle management services. At the end of the contract, customers generally return the vehicle, renew the arrangement or exercise an available purchase option, depending on the agreement.
India’s car leasing market serves two broad categories of customers. The first includes individual customers who want the convenience of driving a new vehicle without dealing with long-term ownership responsibilities. The second includes companies that need vehicles for employees, senior executives, business travel, sales teams and corporate transportation. Corporate leasing providers often offer fleet management, vehicle maintenance, driver management, replacement vehicles and consolidated billing alongside the lease itself.
Several established financial services companies, automotive mobility providers and international fleet management organisations operate in this space. Their offerings differ in terms of vehicle selection, contract duration, monthly rentals, maintenance coverage, flexibility and customer eligibility.
1. Quiklyz
Quiklyz, a vehicle leasing and subscription platform from Mahindra Finance, is one of the prominent names in India’s personal and corporate vehicle leasing market. The platform focuses on making vehicle access more flexible by allowing customers to use cars through structured monthly payment arrangements rather than purchasing them outright. Its services are designed for customers who want to drive a vehicle for a defined period without taking on all the responsibilities associated with conventional ownership.
The platform’s leasing model is particularly relevant for salaried professionals, young working individuals, corporate employees and businesses that prefer predictable vehicle expenses. Customers can explore different vehicle categories depending on availability, eligibility and the terms of the programme. The offering is intended to make vehicle usage more accessible by reducing the need for a substantial initial investment and replacing several ownership-related expenses with a recurring payment.
One of the important aspects of Quiklyz is its association with Mahindra Finance. This provides the platform with an established financial services background and experience in vehicle financing and mobility-related financial products. Its digital-first approach also makes it relevant to customers who prefer exploring vehicle options and managing their requirements online.
Depending on the selected plan, customers may receive benefits relating to insurance, maintenance and other vehicle-related services. However, the exact inclusions differ between leasing arrangements, and customers should examine the rental quotation and contract before making a commitment. Mileage restrictions, vehicle return conditions, early termination charges and additional usage costs are particularly important considerations.
For corporate customers, leasing can help reduce the administrative burden of maintaining an owned fleet. Companies can plan their vehicle requirements around employee strength, business locations and operational needs. Monthly rentals can also make budgeting easier because the organisation does not have to purchase every vehicle through a large capital expenditure.
Quiklyz is worth considering for individuals and organisations looking for a technology-enabled leasing experience supported by an established financial services company.
2. ORIX India
ORIX India is an established mobility and leasing services provider associated with Japan-based ORIX Corporation. The company has a significant presence in corporate vehicle leasing, fleet management and mobility solutions. Its services are particularly relevant to organisations that need structured vehicle arrangements for employees, executives and business operations.
Corporate car leasing is an important part of ORIX India’s business proposition. Instead of purchasing vehicles and managing their entire lifecycle, companies can obtain vehicles through lease agreements. This arrangement can help businesses manage their transportation requirements while reducing the administrative work associated with vehicle ownership.
ORIX India’s leasing solutions can be relevant to companies operating across multiple cities and requiring different categories of vehicles. Organisations may need compact cars for employees, sedans for management personnel, or larger vehicles for specific operational requirements. A fleet management provider can help coordinate vehicle procurement, deployment, maintenance and other associated services.
Another important feature of corporate leasing is the ability to plan expenses over the contract period. Businesses can work with predictable monthly rentals rather than allocating substantial capital towards vehicle purchases. This can be particularly useful for organisations that want to preserve working capital for their primary business activities.
Fleet management services can also help organisations maintain vehicle availability and operational efficiency. Scheduled maintenance, servicing coordination, documentation and vehicle replacement arrangements may form part of the broader service structure, depending on the agreement. Such services are particularly valuable for businesses with large fleets because managing individual vehicles internally can consume considerable administrative resources.
ORIX’s international experience in leasing and mobility gives it an established position in the corporate segment. Its services are more suitable for businesses with organised fleet requirements than for customers simply looking for a short-term personal car rental.
Companies evaluating ORIX India should compare its lease duration, vehicle categories, maintenance arrangements, insurance coverage, mileage limits and end-of-contract conditions. These factors determine the overall financial and operational value of a corporate leasing agreement.
3. Ayvens India
Ayvens India is a major vehicle leasing and fleet management company formed following the combination of ALD Automotive and LeasePlan. The company brings together the experience and operations of two established international vehicle leasing businesses. Its Indian operations cater to corporate customers, employees, small and medium-sized enterprises, professionals and individual customers seeking long-term vehicle access.
The company offers several types of leasing arrangements, including business car leasing, employee car leasing, private car leasing and pre-leased car subscriptions. Its business leasing solutions are designed for organisations that want to provide vehicles to employees or maintain operational fleets without purchasing every vehicle. The company finances and manages vehicles and can take responsibility for insurance, maintenance, repairs, roadside assistance and accident-related services, depending on the selected package.
One of the important features of Ayvens is its employee car leasing programme. Under this arrangement, organisations can make vehicles available to eligible employees as part of their compensation and mobility benefits. Employees can select vehicles within the company’s permitted car policy, while the leasing provider manages the associated vehicle arrangements. Such programmes can help businesses create structured employee benefits and reduce the administrative work associated with maintaining company-owned vehicles.
Ayvens also offers private leasing options for individual customers. These arrangements allow customers to select a vehicle, agree on a lease period and mileage limit, and pay a predetermined monthly rental. Digital onboarding, flexible mileage options, maintenance support and roadside assistance are among the services associated with its personal leasing proposition.
Its pre-leased vehicle subscription offering provides another alternative for customers who do not necessarily want a brand-new vehicle. Depending on availability and programme conditions, customers can access vehicles that have previously been part of a leasing fleet. This can broaden the range of available options for people looking for a particular vehicle category or a different monthly rental.
The company’s fleet management capabilities are particularly relevant to large organisations operating across multiple locations. Its established supplier network and presence in major Indian business centres help support vehicle servicing and operational requirements. Ayvens has reported managing more than 47,000 vehicles and serving over 1,800 corporate customers across more than 280 locations in India.
Customers considering Ayvens should evaluate the contract’s mileage allowance, vehicle return conditions, insurance provisions, maintenance coverage and early termination charges. Its combination of corporate and individual leasing services makes it a significant option in India’s vehicle leasing market.
4. Avis Lease
Avis Lease is the corporate vehicle leasing business of Avis India and provides structured mobility solutions to businesses, multinational companies, startups and other organisations. The company focuses on corporate car leasing, employee vehicle programmes and fleet management services. Its offering is particularly relevant to organisations that want to provide vehicles to employees without investing substantial capital in purchasing and maintaining an entire fleet.
A major feature of Avis Lease is its fully managed vehicle leasing model. Businesses can obtain vehicles through a structured agreement in which financing, procurement, maintenance and other vehicle-related responsibilities are managed through the leasing provider. This approach can help companies simplify fleet operations and establish predictable monthly transportation expenses.
Avis Lease also supports employee car policies and company-provided vehicle benefits. Organisations can establish vehicle eligibility according to employee grades, job responsibilities and compensation structures. For example, senior management may be eligible for a different category of vehicle from employees in middle management or operational positions. The leasing arrangement can be designed around the organisation’s internal policies.
Another important service is fleet advisory. Businesses often need assistance in selecting appropriate vehicles, deciding the number of cars required and determining the financial implications of different leasing structures. Avis Lease can support these requirements through vehicle selection and fleet planning services. This is particularly useful for organisations that are introducing a formal employee car programme for the first time.
The company also highlights 100 per cent vehicle financing and fixed monthly payments as features of its corporate leasing proposition. Its maintenance services are designed around authorised vehicle service centres, while roadside assistance is available around the clock across India. These arrangements can help businesses maintain vehicle reliability and reduce the inconvenience of coordinating repairs independently.
Avis Lease also manages the broader leasing lifecycle, including vehicle acquisition, delivery, maintenance and end-of-contract return. This is important because corporate fleets involve several administrative responsibilities, including registration documentation, insurance renewals, accident management and vehicle disposal.
Its services are especially relevant for organisations with employees spread across multiple cities. A centralised leasing arrangement can make fleet policies more consistent and simplify expense management.
Businesses evaluating Avis Lease should examine the service-level commitments, vehicle replacement provisions, insurance coverage, permitted mileage and contractual exit conditions. Its emphasis on fully managed corporate mobility makes it a notable choice for companies seeking an organised leasing partner.
5. SMAS Auto Leasing India
SMAS Auto Leasing India is a vehicle leasing and fleet management company established as a joint venture involving Sumitomo Mitsui Auto Service Company and Sumitomo Corporation of Japan. The company focuses on automobile leasing, corporate mobility and commercial fleet management. Its services are particularly relevant to businesses that want to outsource vehicle procurement and management instead of maintaining their own fleet infrastructure.
SMAS provides operating lease and finance lease arrangements. Operating leasing allows businesses to use vehicles for an agreed period without purchasing them outright. The leasing company finances the vehicle and can also provide additional services such as insurance, maintenance and fleet management. Finance leasing follows a different financial structure and may offer an option to acquire the vehicle at the end of the agreement, depending on the contract.
One of the company’s important offerings is corporate car leasing. Businesses can select vehicles according to their operational requirements and employee policies. The company can coordinate vehicle procurement, registration, insurance and maintenance, reducing the administrative workload for corporate customers.
SMAS also provides fleet management services covering the vehicle lifecycle. These can include procurement, servicing, insurance administration, maintenance coordination and asset disposal. Organisations operating large fleets can benefit from having these responsibilities managed through a specialised provider rather than maintaining separate internal teams.
Another important feature is its approach to commercial vehicle leasing. Businesses in logistics, manufacturing, infrastructure and other industries may require vehicles for transportation and operational activities. SMAS caters to commercial fleet owners as well as corporate passenger vehicle requirements.
Its operating lease proposition highlights benefits such as financing without a conventional vehicle down payment, insurance protection, maintenance support and the transfer of residual value risk to the leasing provider. The precise financial and service benefits depend on the structure of the agreement.
SMAS also offers customised vehicle leasing arrangements, allowing businesses to select additional services according to their requirements. An organisation that already has an internal maintenance team, for example, may prefer a financing-focused arrangement, while another business may choose a more comprehensive package.
The company’s association with Japanese automotive service and trading groups gives it international industry experience. Its operations are relevant to businesses looking for structured fleet procurement and long-term mobility arrangements.
SMAS Auto Leasing India is worth considering for companies that require corporate vehicle leasing, commercial fleet management and customised operating or finance lease structures.
6. Myles
Myles is an Indian mobility and car subscription brand operated by the Carzonrent group. It provides vehicle subscription and self-drive rental services, with its subscription products offering an alternative to conventional car ownership. The platform is particularly relevant to individuals who want access to a personal vehicle for several months or years without purchasing it through an outright payment or conventional car loan.
Myles offers different subscription arrangements to accommodate varying customer requirements. Its Smart subscription programme is designed primarily for medium- to long-term usage, with tenures generally ranging from 12 to 48 months. Under this arrangement, new cars are offered with private registration in the subscriber’s name, subject to the applicable programme conditions.
Its Smart Plus subscription provides a more flexible alternative. Customers can select new or used vehicles, depending on availability, and choose from shorter or longer subscription periods. The vehicle is registered in the name of Myles or its business partner under this programme. This arrangement is intended for customers who prefer flexibility and do not want the responsibilities associated with vehicle ownership.
A significant advantage of the Myles model is its bundled approach to vehicle expenses. Subscription payments can cover insurance, maintenance and roadside assistance, depending on the selected plan. This makes it easier for customers to estimate their recurring mobility expenditure rather than separately arranging multiple vehicle-related services.
The company also provides access to different categories of passenger cars. Customers can explore popular models from manufacturers such as Maruti Suzuki, depending on the availability of vehicles and subscription arrangements in their city. Monthly subscription prices depend on the selected model, tenure, mileage allowance and location.
Myles has also become relevant through partnerships with automobile manufacturers. Its involvement in manufacturer-backed subscription programmes gives customers access to vehicles through arrangements supported by established automotive brands. Such partnerships can make the subscription process more accessible because vehicle servicing and other related support can be coordinated through authorised dealer networks.
Myles operates in markets including Delhi NCR, Mumbai, Bengaluru, Pune and Hyderabad for its subscription services. Its separate self-drive rental operations cover additional locations and cater to customers requiring vehicles for shorter durations.
Customers should distinguish between its subscription and self-drive rental offerings because the eligibility conditions, registration arrangements and contract responsibilities differ. Credit checks, documentation, security deposits, kilometre restrictions and early termination conditions should be examined before signing an agreement.
Myles is a useful option for individuals and businesses looking for flexible vehicle access without the full financial commitment of purchasing a car.
7. Mahindra Own Easy and Mahindra Subscription
Mahindra’s vehicle leasing and subscription programmes provide customers with an alternative way to access new Mahindra vehicles without purchasing them outright. Through its leasing and subscription partnerships, the company offers arrangements designed for individuals, professionals, small businesses and corporate customers.
Mahindra Own Easy is intended for customers who want to use a new Mahindra vehicle over a defined period while paying a monthly rental. Customers can select an eligible vehicle, variant, colour, tenure and annual mileage allowance. The vehicle is procured through the leasing partner, and the customer receives it through the authorised dealership network.
The programme offers different tenure and mileage combinations. Depending on the arrangement, customers can select periods such as 24, 36, 48 or 60 months. Annual mileage options can also influence the monthly rental. This allows customers to choose a plan according to their driving habits and expected vehicle usage.
One of the important features of the leasing model is the availability of full-service lease arrangements. These may include insurance, comprehensive maintenance, accident repair assistance, roadside support, towing and vehicle servicing. Certain agreements may also provide tyre and battery replacement benefits, subject to the applicable tenure and conditions.
Mahindra also provides a subscription-by-the-year programme through its mobility partners. This model allows customers to access new vehicles without making a conventional down payment. Customers can select a usage period and pay a monthly fee. At the end of the selected period, they can return the vehicle or exercise an available purchase option by paying the predetermined settlement amount.
The subscription arrangement also provides flexibility to customers who want to experience a different vehicle without remaining committed to long-term ownership. Depending on the programme, customers may be able to extend their usage period or return the car after completing the agreed commitment.
Mahindra’s leasing and subscription ecosystem has involved partners such as ORIX, Quiklyz and other mobility providers. The actual leasing agreement is therefore important because the financial terms, registration category, insurance coverage and vehicle management responsibilities can vary between programmes.
The company has offered these services in major markets including Delhi NCR, Mumbai, Bengaluru, Hyderabad, Pune and Chennai, among other locations, depending on the programme.
Mahindra’s leasing options are particularly relevant to customers interested in its SUV portfolio. They provide a structured way to use a new vehicle while spreading expenses over a predetermined period.
8. Maruti Suzuki Subscribe
Maruti Suzuki Subscribe is a manufacturer-backed vehicle subscription programme that allows customers to drive a new Maruti Suzuki car without purchasing it through conventional financing. The programme is designed for individuals who want the convenience of using a personal vehicle while avoiding a large initial investment and several responsibilities associated with ownership.
The programme provides access to a range of Maruti Suzuki models, including vehicles from its Arena and Nexa portfolios, subject to availability. Depending on the subscription partner and the selected vehicle, customers can explore options such as the Swift, Baleno, Dzire, Brezza, Grand Vitara, Ertiga, XL6 and other eligible models.
One of its key features is the fixed monthly subscription payment. The fee can cover vehicle usage, registration-related expenses, road tax, insurance and maintenance for the agreed tenure. This arrangement allows customers to plan their vehicle expenses more easily because several recurring costs are consolidated into one payment.
Maruti Suzuki Subscribe offers both white-plate and black-plate subscription arrangements. Under the white-plate arrangement, the vehicle is registered in the subscriber’s name, whereas under the black-plate arrangement, registration is in the name of the subscription partner. The choice can influence the applicable terms, usage conditions and customer responsibilities.
The programme offers different tenure options, generally starting from 12 months and extending to 48 months. Customers can also select from available annual kilometre limits. These options help accommodate different usage requirements, whether the vehicle is required for regular commuting, family transportation or professional activities.
Another important aspect is the involvement of subscription partners. Maruti Suzuki works with established leasing and mobility companies, including Ayvens, ORIX, Quiklyz and SMAS. These partners manage financial eligibility, subscription agreements, monthly collections and other operational responsibilities. This model brings together the automobile manufacturer’s dealership and servicing network with the leasing expertise of specialist companies.
Vehicle servicing, maintenance, insurance renewals, accidental repairs and roadside assistance are coordinated through the programme’s authorised service arrangements, subject to the selected plan. This can make the experience more convenient for customers who prefer dealing with authorised dealerships rather than independently arranging vehicle maintenance.
The programme also provides an opportunity to return or upgrade the vehicle after completing the agreed subscription period. Customers who want to continue using a car can explore an extension or another available subscription arrangement.
Maruti Suzuki Subscribe is particularly suitable for customers who prefer mainstream passenger vehicles, predictable monthly payments and manufacturer-backed service support. Before subscribing, customers should carefully review the lock-in period, foreclosure conditions, kilometre limits, refundable deposits and vehicle return requirements.
9. Toyota Subscribe
Toyota Subscribe is Toyota Kirloskar Motor’s vehicle subscription programme, designed to provide customers with access to new Toyota vehicles without requiring conventional outright ownership. The programme combines Toyota’s vehicle portfolio and authorised dealer network with subscription and leasing arrangements managed through its designated mobility partners.
The service is aimed at individuals and professionals who want to use a Toyota vehicle for a predetermined period while paying a fixed monthly subscription fee. It can be useful for customers who prefer not to commit a large amount of money towards purchasing a car or who want to experience a vehicle before making a long-term ownership decision.
Toyota Subscribe has offered vehicles such as the Glanza, Innova Crysta and Fortuner through its subscription portfolio, depending on the availability of the programme and the location. The vehicle selection allows customers to consider different categories, ranging from compact passenger cars to larger family vehicles and premium SUVs.
One of the programme’s major features is its bundled monthly payment structure. The subscription fee can include vehicle usage, registration expenses, road tax, insurance and periodic maintenance. This reduces the need for customers to separately coordinate several ownership-related expenses.
Toyota Subscribe has offered subscription tenures of 12, 24, 36 and 48 months. The monthly rental depends on the selected vehicle, tenure, city and applicable usage conditions. Customers can therefore evaluate different combinations before deciding which arrangement suits their budget and driving requirements.
Another important feature is the involvement of Myles as a subscription partner. The partner manages important operational activities, including monthly invoicing, payment collection and coordination of maintenance and insurance-related requirements. Servicing, maintenance, insurance renewal and accidental repair support are provided through Toyota-authorised dealerships under the applicable programme arrangements.
Customers also benefit from the manufacturer’s established service infrastructure. This is particularly relevant for people who want their vehicles maintained through authorised workshops and genuine replacement parts.
Toyota Subscribe generally provides new vehicles with private registration in the subscriber’s name under the relevant white-plate programme. The exact registration and contractual arrangements should be confirmed before booking.
The programme also provides an alternative for customers who want to use a premium Toyota vehicle without purchasing it immediately. However, customers should understand the lock-in period, foreclosure charges, extension conditions, kilometre restrictions and vehicle return requirements before entering into the agreement.
Toyota Subscribe is a relevant option for customers who prefer Toyota vehicles and want a structured subscription arrangement supported by an established automobile manufacturer and its dealership network.
10. PrimeMover Mobility Technologies
PrimeMover Mobility Technologies is a mobility services provider associated with vehicle subscription and leasing arrangements in India. The company is relevant to customers looking for flexible access to new vehicles without following the traditional car ownership model. Its subscription-based services have been associated with manufacturer-backed vehicle programmes, including Mahindra’s subscription offerings.
The company’s model focuses on providing vehicles for a defined usage period in exchange for recurring payments. Customers can select an eligible vehicle and subscription duration according to their requirements. Rather than purchasing the vehicle through a conventional car loan, the customer pays for access to the vehicle over the agreed period.
An important aspect of this arrangement is the use of a managed subscription structure. The vehicle may be registered in the name of PrimeMover Mobility Technologies or its supply partners under the applicable black-plate subscription programme. This is different from private-registration leasing arrangements in which the vehicle is registered in the customer’s name.
The subscription model can be relevant for customers who want to use a new car for a few years without taking responsibility for its eventual resale. At the end of the agreed period, the vehicle can generally be returned or exchanged according to the programme’s terms.
PrimeMover’s association with manufacturer-backed subscription arrangements also makes it relevant to customers interested in accessing vehicles through an established automobile dealership network. Customers can explore available vehicle models and subscription terms through the relevant programme.
The company has also been associated with arrangements offering a range of vehicle choices and flexible usage periods. Monthly payments can vary according to the selected car, contract duration and other usage parameters. The precise services included in the subscription, such as insurance, maintenance and roadside assistance, must be confirmed under the applicable agreement.
For customers considering a subscription, an important advantage is the ability to avoid the financial commitment associated with purchasing a vehicle. This can be useful for professionals relocating to a new city, employees working on fixed-term assignments and families that do not want to retain a vehicle for an extended period.
However, customers should pay particular attention to registration arrangements, vehicle usage restrictions, security deposits, insurance coverage and early termination conditions. Black-plate vehicles may also be subject to specific usage and permit conditions that differ from those applicable to privately registered cars.
PrimeMover Mobility Technologies is worth considering for customers exploring manufacturer-linked subscription arrangements and alternative ways of accessing new vehicles without conventional ownership.
Important Factors to Consider Before Choosing a Car Leasing Company
Choosing a car leasing company requires more than comparing monthly rental amounts. Customers should evaluate the complete financial arrangement, vehicle-related services and contractual obligations before signing an agreement.
The first consideration should be the total monthly cost. A leasing quotation may include the vehicle rental, insurance, maintenance and other services, but not every provider offers the same inclusions. Customers should request a detailed breakdown of the monthly payment and identify additional expenses such as fuel, tolls, parking, traffic fines, registration-related charges and applicable taxes.
The second consideration is the lease duration. Most long-term vehicle leasing arrangements offer different contract periods, often ranging from one to five years depending on the provider and programme. Customers who expect to relocate, change jobs or require a different vehicle should carefully evaluate the flexibility of the contract.
Mileage restrictions are another important factor. Leasing companies generally establish an annual or overall kilometre allowance. Customers who exceed the permitted distance may have to pay additional charges. It is therefore important to estimate monthly driving requirements before selecting a plan.
Insurance and maintenance coverage should also be examined. Some providers offer comprehensive packages that include insurance renewals, scheduled servicing, breakdown assistance and accident-related repairs. Others provide financing arrangements in which customers remain responsible for certain vehicle expenses.
The vehicle return policy is equally important. At the end of the lease, the company may inspect the vehicle for excessive wear and tear, missing accessories, mechanical damage and mileage beyond the agreed limit. Customers should understand how these conditions are assessed and what deductions may be made from their refundable security deposit.
Finally, customers should understand the difference between a white-plate and black-plate subscription. Under a white-plate arrangement, the vehicle is generally registered for private use in the subscriber’s name. Under a black-plate arrangement, the registration is in the name of the subscription company or its partner, with the applicable commercial registration and usage conditions. These arrangements can have different implications for vehicle usage and contractual responsibilities.
Conclusion
Car leasing is emerging as a practical mobility option for individuals, professionals and businesses in India. It provides an alternative to purchasing a vehicle and can reduce the financial burden of ownership by spreading expenses across a predetermined period. With insurance, maintenance, servicing and roadside assistance available as part of selected packages, leasing can also simplify vehicle management.
Companies such as Quiklyz, ORIX India, Ayvens India, Avis Lease and SMAS Auto Leasing India cater to customers looking for structured vehicle leasing and corporate fleet management. Myles, Maruti Suzuki Subscribe and Toyota Subscribe provide additional subscription-based options for individuals interested in flexible vehicle access. Mahindra’s leasing programmes and PrimeMover Mobility Technologies further expand the available choices.
The right provider ultimately depends on the customer’s requirements. Individuals should prioritise vehicle availability, monthly rental, contract flexibility and maintenance coverage, while businesses should also evaluate fleet management capabilities, nationwide servicing support, employee leasing programmes and long-term operating costs. Comparing these factors can help customers identify a leasing arrangement that provides convenience, financial predictability and dependable mobility.
