THE CRAZE OF THE CAR RENTAL SERVICE BUSINESS IN INDIA
The first car rental business was started in 1912 in Germany with Sixt’s name. It is one of the largest car rental companies in the world. Then in 1916, Joe Saunders began renting a Ford Model T and a local car rental business was founded in Nebraska. The basic idea was to provide private transportation for local businesses and visitors. So that they could travel comfortably and privately on their business trips.
This is the beginning of the American car rental business and some of it is now history. In 2016 the global car rental industry was worth $ 58.26 billion. And is predicted to grow to more than $ 124.56 billion by 2022.
Until 2010 and 2011 the car rental business in India was completely discontinuous and unmanaged. People rely on hyperlocal taxis and cab aggregators for outdoor trips. Ola started working for people within 2010 and became the first major player in the car rental business in India. However, there was still a gap in transit services between cities.
Car Rental Companies in India
Companies such as Aurangabad Car Rental, etc have been in India for some time but were not widely known as self-drive car rental companies. In 2013 Zoomcar came into being and that’s when the self-driving car business starting to explode. All the other companies were striving to acquire a large portion of this lucrative business. That was still in use in a large country like India.
These private car rental companies have come in and closed the gap for people. Who likes to travel to remote areas but do not have cars. Today, there are many car rental services in India that serve drivers and self-driving cars. Spectator making it one of the speedy and zippy growing industries in India. According to the report the car rental industry in India is growing at an annual growth rate of 35%. And is expected to accelerate significantly. It is expected to cost more than INR 1000 billion by 2022.
General Gamester in the Car Rental Service Business
Some of the general gamesters in the car rental industry in India are Aurangabad Car Rental, Zoomcar, Avis, Myles, Mychoize, Revv, etc. These are some Car Rental Services Provider Companies that fetching modernness beget user curiosity to keep customer satisfaction, security, and service first. Companies like Avis and Zoomcar makes a huge share of the car rental business in India.
Aurangabad Car Rental Service
Aurangabad Car Rental entered the car rental business in India in 2015. And has been the leading car rental company in Aurangabad. It offers driver-driving services cars. And offer a variety of cars from small ones like the Swift to luxury ones. It settled the feature of free car delivery and the collection of chauffeur-driving.
We remember customer needs with the aim of providing seamless service. 19 driver-friendly locations throughout India give Aurangabad Car Rental a pan-India presence making it a popular choice for its customers. Mr. Shoaib Shaikh, MD & CEO of Aurangabad Car Rental.
Unborn of the Car Rental Service in India
The car rental service market is extending expeditiously in India. Due to the many factors associated with the easy availability of cars without the hassle of owning one.
According to the Statistical analytics report of the Indian car rental industry, revenues from the car rental business was more than US $ 250 million in 2018. are expected to grow up by 14.3% to US $ 570 million by 2023 of current car rental users approximately. 12 million by 21018 and that number is predicted to rise to more than 16 million by 2023.
All these facts raise and confirm the hope surrounding the car rental industry in India. And the limits of its growth making it a lucrative industry to invest in. Also, the user entry rate was only 0.8% in 2017. Which indicates that there is a high chance that all gamesters in the business will grow.
The vast majority of people no longer pay attention to the idea of renting cars for the purpose of driving themselves. And where these companies can jump to raise awareness about the concept and thus be able to quickly expand their users. If all the numbers and speculation are to be calculated, then the car rental area is a must-have place for new investors and businesses.