Sunday, Jan 19 2020 | Time 07:21 Hrs(IST)
  • Govt should increase R&D, offer incentives to energy-efficient manufacturing: CEAMA
  • House Democrats File Trump's Impeachment Trial Memorandum to Senate
  • Target 5 tln shall be met: Gadkari
  • Conceding the first goal changed the match: Sergio Lobera
  • ATK topple Goa in Kolkata to take over the top spot
  • Attack on Yemeni Army Barracks Kills 24 Soldiers, Injures 20 - Military Source
  • Saudi Arabia, Australia enter semis at AFC U23 Champs
  • Iran FM rules out negotiation over new nuke deal
  • Putin Says Better Not to Get Back to Indefinite Terms for Heads of State in Russia
Business Economy

Car2Drive subscription services launches in Hyderabad; 6-more metro cities by next quarter

Hyderabad, Mar 29 (UNI) Bangalore-based Multi-brand luxury car ‘subscription’ services company Car2Drive, powered by Driven, launched its operations in Hyderabad on Friday.

Car2Drive is a start-up offering car subscriptions as an alternative to the traditional purchase option, which involves taking significant loans, the company said in a statement.

The company has delivered more than 45 luxury cars in Bangalore within 3-months of its operations worth over Rs 45 crores and we are planning to expand its operations in another 6 metro cities like Mumbai, Chennai, Pune, Baroda ,Delhi and Jaipur during the next quarter .

The company today also announced its official tie-up with SunRisers Hyderabad, the IPL franchise team from the city.

As its business model, Car2Drive powered by Driven, will be responsible for all the damages, repairs, insurance while the customer can take their favourite car with no hassles of down payment or registration charges, the release said.

Commenting on the launch of services in the city, Driven Managing Director, Ashwin jain, said, the mobility market is ever changing in its character, and new options are emerging by the day. we are expecting to deliver more than 500 vehicles over next three years.

The company is looking to raise USD 100 million from investors to spread our wings pan-India, Driven partner Kedar said on the occasion.

Car2Drive Managing Director Mohammed Asif, said, the company is the world’s first multi-brand car subscription service which is poised to cater to two sets of customers -- Premium, Global citizens, High net-worth jet setters, who can lease and own top-end, high-value cars and the aspiring car-lovers, who can use them on subscription basis.

Car2Drive CEO Neelima Mandava, said, our monthly subscription guarantees warranty, roadside assistance, maintenance, and insurance on a wide range of MUVs, SUVs, cross- overs, sedans, and hatchbacks.
More News

India-Thailand Business Matching and Networking inaugurated

18 Jan 2020 | 10:51 PM

Hyderabad, Jan 18 (UNI) India-Thailand Business Matching and Networking was inaugurated by Telangana Minister for Industries and IT, K T Rama Rao along with Thailand Deputy Prime Minister Jurin Laksanawisit, here on Saturday.

see more..
Ravi Shankar Prasad urges NIC to contribute one trillion USD to economy

Ravi Shankar Prasad urges NIC to contribute one trillion USD to economy

18 Jan 2020 | 7:41 PM

Bengaluru, Jan 18 (UNI) Union Minister for Law and Justice, Communications and Electronics and Information, Ravi Shankar Prasad on Saturday exhorted the National Informatics Center (NIC) officials to work hard to ensure at least one trillion US dollar contribution to the nation’s economy in the next five years through its digital technology support.

see more..

Bengaluru has potential to become Civil Aviation capital of India: Kharola

18 Jan 2020 | 6:47 PM

Bengaluru, Jan 18 (UNI) Union Ministry of Civil Aviation Secretary Pradeep Singh Kharola on Saturday said that the Bengaluru could become the Civil Aviation Capital of India as it has all the potentiality.

see more..

Entrepreneur Kiran Mazumdar-Shaw conferred with Australia's highest civilian award

18 Jan 2020 | 3:57 PM

New Delhi, Jan 18 (UNI) Eminent billionaire entrepreneur Kiran Mazumdar-Shaw has been conferred with the Australia's highest civilian award Honorary Member within the Order of Australia in the General Division by Australia’s High Commissioner to India Harinder Sidhu.

see more..

Chennai Oil Market Rates

18 Jan 2020 | 3:55 PM

Chennai, Jan 18 (UNI) Following are the rates in the
Chennai Oil Market here today.

see more..