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Quiklyz to extend the range of EVs for lease and subscription

Quiklyz, Mahindra Finance’s vehicle leasing and subscription arm, has announced that it will offer potential clients the biggest selection of electric cars (EVs) for lease and subscription. Quiklyz’s digital platform, launched in November of last year, offers retail and corporate customers a subscription program. Customers can also get new cars without the inconvenience of owning one because the company handles registration, insurance, scheduled and unplanned maintenance, and roadside assistance, among other services. 

The subscription platform, which offers multi-brand vehicles, claims to have the largest portfolio of electric vehicles on the market, including e-three and four-wheelers from OEMs such as Mahindra, Tata Motors, Mercedes-Benz, MG Motors, Audi, Jaguar, and Piaggio.

Quiklyz intends to expand its EV range to provide clients with new EV subscription options, according to the company.

“Quiklyz will continue to focus on EVs and will create an exciting platform for customers to have access to such vehicles in an affordable and hassle-free manner. All of this will be in keeping with India’s commitment to become carbon-neutral by 2070,” said Turra Mohammed, senior vice-president and business head of Quiklyz.

Customers will be able to upgrade their vehicle every 2-3 years, according to the platform, to stay up with the ever-increasing technical features in newer EV debuts in the future. 

The monthly subscription charge for the program starts at Rs 21,399 for an electric 4W load and Rs 13,549 for an electric 3W load. Insurance, maintenance, and roadside assistance are all included in this charge and the option to upgrade.

Mahindra Electric CEO Suman Mishra said, “Leasing and subscription are becoming important channels for our electric 3W specifically in the load segment to new-age enterprises. We look forward to continuing working with Quiklyz to provide such financing solutions for our customers.”

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