Scribd Logo
Upload

Welcome to Scribd!

  • 30 views

    Market Assessment Zoom Car

    Uploaded by

    rahul
    The self-drive car rental market in India is concentrated in major cities but has room for growth to meet demand. The number of self-drive cars is expected to increase by 12.6% annually through more investments and partnerships. Recent years have seen many startups enter this market backed by private funding. Younger Indians aged 25-35 are attracted to car rentals due to urban traffic and preference against ownership, going against traditional norms. Major operators include Zoomcar, Revv, Drivezy and Myles, with Zoomcar having the largest fleet of 10,000 cars serving 45 cities.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Market Assessment Zoom Car

    Uploaded by

    rahul
    30 views1 page
    The self-drive car rental market in India is concentrated in major cities but has room for growth to meet demand. The number of self-drive cars is expected to increase by 12.6% annually through more investments and partnerships. Recent years have seen many startups enter this market backed by private funding. Younger Indians aged 25-35 are attracted to car rentals due to urban traffic and preference against ownership, going against traditional norms. Major operators include Zoomcar, Revv, Drivezy and Myles, with Zoomcar having the largest fleet of 10,000 cars serving 45 cities.

    Original Title

    Market assessment zoom car

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The self-drive car rental market in India is concentrated in major cities but has room for growth to meet demand. The number of self-drive cars is expected to increase by 12.6% annually through more investments and partnerships. Recent years have seen many startups enter this market backed by private funding. Younger Indians aged 25-35 are attracted to car rentals due to urban traffic and preference against ownership, going against traditional norms. Major operators include Zoomcar, Revv, Drivezy and Myles, with Zoomcar having the largest fleet of 10,000 cars serving 45 cities.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    30 views1 page

    Market Assessment Zoom Car

    Uploaded by

    rahul
    The self-drive car rental market in India is concentrated in major cities but has room for growth to meet demand. The number of self-drive cars is expected to increase by 12.6% annually through more investments and partnerships. Recent years have seen many startups enter this market backed by private funding. Younger Indians aged 25-35 are attracted to car rentals due to urban traffic and preference against ownership, going against traditional norms. Major operators include Zoomcar, Revv, Drivezy and Myles, with Zoomcar having the largest fleet of 10,000 cars serving 45 cities.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    The India Self Drive Car Rental Market is heavily concentrated in Tier 1 and the entire major

    cities in India; however, the market has not reached stagnancy in these areas as there is a
    huge gap in demand and supply. Self-Drive car Fleet in India is expected to increase in the
    future, thus growing at a positive CAGR of approximately 12.6%, due to increased level of
    Investments and Strategic Partnerships of the players with other Service Providers. Last
    couple of years saw the establishment of various start-ups and small private companies due
    to heavy investments by Private equity and VC firms. India is expected to emerge as the
    world’s third-largest passenger-vehicle market by 2022 in terms of sales. Renting a car and
    driving it yourself is still a rudimentary concept that negates the need for buying a car. India
    being a developing country with infrastructure being still a big issue, most cities in India are
    still facing issues of traffic congestions and limited parking spaces. Therefore, it has been
    seen that our younger generation in the age group of 25-35 years is particularly attracted to
    this idea of car rentals, defying the orthodox Indian household desire of owning at least one
    car in the house. This is also to do with the fact that a large share of this population is
    working in their non-native cities, and therefore investing in the liability of a car does not
    really appeal to them. To satiate the demand of this emerging trend, various companies are
    putting their hands into this business of self drive rental. Self-drive cars on rent is a popular
    concept in the West and like all other things, has been well imitated in India by a few early
    startup companies like Zoom car, drivezy, Revv and Myles. The time-based and on-demand
    car rental service is great for those who have to make multiple stops while driving across the
    city.

    Sr Operator Fleet size (approx.) Presence in Number of cities


    no.
    1 Zoom Car 10000 45
    2 Revv 8000 22
    3 Drivezy 4000 20
    4 Myles 7000 21

    This table lists the leading operators in this industry in India, together with the size of their
    fleets and the number of cities where they operate. Zoomcar has a fleet of 10,000 cars and
    operates in 45 cities across India, whereas Revv has 8000 cars and operates in 22 cities,
    Drivezy has 4000 cars and operates in 20 cities, and Myles has 7000 cars and operates in 21
    cities.

    You might also like