Hyundai launches subscription-based car ownership in India

Hyundai has partnered with Revv to announce a subscription-based car ownership model in India called Hyundai Subscription. The pilot project will be available in Delhi NCR, Mumbai Kolkata, Pune, Bangalore and Hyderabad in Q1 2019.

Hyundai Subscription offers short and long term ownership plans (up to 48 months) with zero down payment. The short subscription plan includes insurance and maintenance costs. Those opting for the 1-year or more subscription plans will get a brand new vehicle. The car can be returned after 12 months, which is also the lock-in period. After the lock-in period is over, a customer can swap the car for a different model.

Mahindra is also offering leasing options on the KUV100 NXT and the XUV500, while Skoda has partnered with ORIX to offer subscription plans starting from Rs. 19,856 per month.