Avis India Plans to Expand Fleet

Avis India plans to invest Rs 200 crore (about $40 million) to increase its fleet size to 5,000 units in the next 12 to 18 months, according to a report by the Press Trust of India (PTI).

Currently, Avis India — a joint venture between Avis Budget Group and The Oberoi Group — has a fleet size of 2,800 cars for short-term rentals and long-term leases. The company plans to add 700 cars in the rental segment and 1,500 cars in the lease segment, says the report.

“We have established a huge network across the country,” Avis India CEO Sunil Gupta told PTI. “We are growing at around 28 to 30% year on year. Currently, we have 42 offices across 19 cities.”

Click here to view the full Press Trust of India report: http://www.business-standard.com/article/pti-stories/avis-india-plans-to-invest-rs-200-cr-to-expand-fleet-114092100131_1.html

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

The Customer Isn’t Always Right

Not caving to a customer with a blatant agenda may have consequences, especially for a small rental company that relies on stellar Yelp ratings to advertise. But business integrity must prevail.

The Truth Behind Compact Van Depreciation

Why are large van values holding up better than their compact counterparts, and will it last?

Car Rental’s Call to Action on Autonomous Vehicles

The car rental industry has built-in advantages to support a world with driverless cars, but it needs to take the next step in partnering with autonomous vehicle stakeholders.

Job Finder: Access Top Talent. Fill Key Positions.