Volkswagen, Orix sign MoU for retail leasing

Volkswagen India and Orix Auto Infra have signed a MoU to offer leasing solutions to Indian customers. Orix is ORIX a wholly owned subsidiary of Orix Corporation, Japan. The collaboration comprises of a retail leasing solution, which will be offered in six cities initially, Delhi, Mumbai, Pune, Chennai, Hyderabad & Bengaluru. Gradually, the program will be extended to other CBCs as well.

This collaborative retail leasing solution will include insurance, Volkswagen’s 4EVER Care program of 4-year standard warranty & RSA, and vehicle registration. The customers have the choice to choose the leasing solution with maintenance or without depending on their requirement. The monthly lease rental for the Volkswagen model range will start at Rs 17,647 and cater to start-up entrepreneurs, MSMEs, salaried individuals and corporate professionals.

Customers can avail the leasing offer from a minimum two-year period to a maximum period of four years. Steffen Knapp, director, Volkswagen said, “With our partnership with Orix, our customers will have the convenience and flexibility to drive premium mobility at a value for money proposition through a monthly rental. This will enhance financial independence for our customers with shorter periods of asset holding and no upfront capital requirement.”

Sandeep Gambhir, managing director and chief executive officer, Orix Auto added that, “We believe this partnership between two leading global brands will fulfill many such dreams by enabling customers to experience Volkswagen premium products through our innovative and curated lease options which would now be available across Volkswagen’s Corporate Business Centre (CBC).”