M&M enters vehicle leasing business via tie-up with Orix, ALD Automotive

In a first for a passenger vehicle makers in the mass segment, Mahindra & Mahindra (M&M) on Wednesday introduced leasing for retail buyers. 

It has partnered with Orix and ALD Automotive, globally known leasing service companies. A leased vehicle will be available for up to five years, depending on city and model. 

Mercedes-Benz India has been offering leasing schemes to retail buyers for some years  but no company in the mass car segment has till now.

Depending on choice of model, a lessee is to pay a rental that starts from Rs 13,499 a month (KUV 100NX), going up to Rs 32,999 a