Carzonrent to invest Rs. 400 crore by 2016



Carzonrent plans to aggressively expand its self driven car service with the launch of its own product-Myles and will be investing Rs. 400 crore by end of 2016.

1India’s largest car rental company-Carzonrent, is now on the lines of developed Europe and the US markets and is all set to launch its own service-Myles in order to develop its self driven cars.

Myles would entail an estimated investment of Rs. 400 crore and will have a strong 5,000 car fleet in the next three years. The first to hit the market for self driven cars, the company would start with an initial fleet of 100 cars with brands like Mahindra E2O, MarutiSwift, Volkswagen Polo, Toyota Etios,Nissan Sunny, Mahindra XUV500, Ford Endeavour and Toyota Fortuner.

Any driver with a valid license and credit card can avail services from Rs. 800 to Rs. 4,999 for single day usage.

Besides tapping the fast growing tourism and leisure market, the self-driven cars would be available at the airport, railway station and other central outlets of Carzonrent to provide convenient and affordable mobility. More info