India Vehicle Leasing Market 2025 | Share, Demand, and Forecast Till 2033

India Vehicle Leasing Market Overview

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Growth Rate: 6.20% (2025-2033)

The vehicle leasing industry in India is growing steadily. This growth comes from the rising demand for affordable and flexible mobility options. Increasing corporate adoption and evolving consumer preferences are further fueling market expansion. According to the latest report by IMARC Group, the India vehicle leasing market size reached USD 48.22 billion in 2024. Looking forward, IMARC Group expects the market to reach USD 88.00 billion by 2033, exhibiting a growth rate (CAGR) of 6.20% during 2025-2033.

Download a sample copy of the Report: https://www.imarcgroup.com/india-vehicle-leasing-market/requestsample

India Vehicle Leasing Trends and Drivers:

The India vehicle leasing market is growing fast. Corporations, SMEs, and individuals want flexible mobility solutions. They prefer leasing over ownership. More companies are choosing leased vehicles. This helps them cut costs, manage cash flow, and avoid depreciation risks. The trend is strong in cities. Businesses often lease fleets for employee transport, logistics, and sales. The rise of electric vehicles (EVs) is changing leasing. Leasing providers now offer EV fleets to meet sustainability goals. The government is pushing for cleaner mobility with policies like FAME II. This is speeding up the shift even more. Start-ups and established leasing companies are using digital platforms. They aim to simplify leasing. These platforms offer custom plans, real-time tracking, and easy maintenance services. This digital shift improves customer experience. It also makes vehicle leasing easier for more people.

A key trend in the India vehicle leasing market is the rise of subscription models. These offer more flexibility than traditional leases. Customers can choose short-term leases. These last from a few months to a year. They can also switch vehicles or end contracts without long-term commitments. This model is popular with millennials and gig economy workers. They like mobility-as-a-service more than owning vehicles. Global leasing companies and partnerships with automakers are increasing competition. This drives more innovative and cost-effective solutions. Additionally, the used-car leasing segment is expanding, offering affordable options for budget-conscious consumers. Leasing companies are using telematics and IoT to boost fleet management. This helps cut downtime and improve efficiency. The vehicle leasing market in India is set to grow. Urbanization and corporate mobility needs are increasing. This expansion is driven by changing consumer preferences and new technology.

The India vehicle leasing market forecast offers insights into future opportunities and challenges, drawing on historical data and predictive modeling.

India Vehicle Leasing Industry Segmentation:

The report has segmented the market into the following categories:

Type Insights:

• Passenger Cars
• Commercial Vehicles

Mode of Booking Insights:

• Online
• Offline

Regional Insights:

• North India
• South India
• East India
• West India

Competitive Landscape:

The competitive landscape of the industry has also been examined, along with the profiles of the key players.

Key highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current, and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, benchmarking analyses, pricing and cost research, and procurement research.

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