As a smart mobility solutions provider, he said Hyundai understands the needs of evolving customers and are committed to making 'Shared Mobility' accessible.
Through the collaboration with ALD Automotive, the company will leverage respective strengths to create unique ownership experience for customers, He added.
HMIL is targeting salaried individuals, working professionals, small and medium enterprises, corporates and public sector companies.
Hyundai Leasing will be available across Delhi-NCR, Mumbai, Chennai, Hyderabad and Bengaluru in the first phase, the company said.
It is offering benefits of leasing such as no upfront cost, no financial risk, efficient tax management, easy upgradation and no maintenance and insurance hassles.
"The leased vehicle will be available for a minimum period of two years going up to five years depending on the city and model selected," the statement said.
ALD Automotive India Chief Executive Officer and Wholetime Director, Suvajit Karmakar said the partnership will take car leasing to the next level in the Indian car market.
"This will further reinforce our position as a leader and we look forward to a mutually beneficial relationship with Hyundai," he added.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.