The global car leasing market is projected to grow from $82.01 billion in 2022 to $131.10 billion in 2029 at a CAGR of 6.9% in forecast period, 2022-2029
India’s leading car rental, leasing and fleet management provider, Avis India, is a joint venture between Avis Budget Group, Inc. and The Oberoi Group. Avis India has a fleet of around 6,000 premium cars across the country, with a network extending across 50 located rental stations in 20 cities. BW Businessworld caught up with Sunil Gupta, MD & CEO, Avis India who revealed that the car leasing market is worth Rs. 1,500 crore and is poised for 15-20% Compound annual growth rate (CAGR) over the next decade.