Hyundai Cars Will Now Be Available On Subscription Basis
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Hyundai Motor India and self-drive car rental service provider- Revv have tied up to provide Hyundai cars on a subscription basis. On subscription, the customers could opt for a flexible ownership plan which includes both, short term and long term. The customers will also be able to swap cars across Hyundai range and can easily avail it without any down payment. The company will also not charge any amount for insurance or maintenance from the customer who has subscribed for the short term. Hyundai is also assuring new cars to customers who opt for one-year subscription or more.
Commenting on the announcement SJ Ha, Senior Director, Sales & Marketing, Hyundai Motor India Ltd, “We are extremely excited about the Indian mobility landscape currently and foresee great prospects. This strategic alliance will provide a unique opportunity for today’s millennial customers to experience Hyundai’s diverse product offerings that blend with their personality. With our deep understanding of Indian consumers and progressive tech-driven mobility solutions, we aim to forge a new market for the New Age Indians.”
The subscription-based car leasing service has been started as a pilot project. Hyundai and Revv have launched the service only in six cities initially- Delhi-NCR, Mumbai, Pune, Kolkata, Bengaluru and Hyderabad and haven’t mentioned anything about the expansion plan yet. The project will start in Q1 2019.
Questions & Answers
Q.Which specific cities will this car subscription service be available in initially?
Which specific cities will this car subscription service be available in initially?
The service will initially be launched in six cities. These are Delhi-NCR, Mumbai, Pune, Kolkata, Bengaluru, and Hyderabad. No other locations have been mentioned for the pilot project.
Q.What is included in the subscription plan regarding insurance and maintenance costs?
What is included in the subscription plan regarding insurance and maintenance costs?
For customers who opt for a short-term subscription, the company will not charge any amount for insurance or maintenance. This covers these costs for the subscriber.
Q.When is the pilot project for this subscription service expected to commence?
When is the pilot project for this subscription service expected to commence?
The pilot project for the subscription-based car leasing service is scheduled to begin in the first quarter of 2019. It will start simultaneously in the initial six cities.
Q.Are customers guaranteed a new car if they choose a longer subscription period?
Are customers guaranteed a new car if they choose a longer subscription period?
Yes, Hyundai is assuring new cars to customers who choose a subscription period of one year or more. This ensures they receive a new vehicle for longer commitments.
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