By : Admin
By : Admin
Based on the recent report it is estimated that Indian car rental will grow at a projected CAGR of 9.38% making it a valuation of $2.03 billion by 2026. Indian car rental services have shown promising growth since the pandemic. The rental industry is very exciting and holds significant growth. A great thanks to the technology that made it easier to book a car with a certain click on the phone. India, a leading urbanisation country increasing the presence of digital connectivity which drives unique opportunities and challenges for the car rental industry. The trends and innovations in the car rental industry are in favour of growing success in the country.
To meet the rising demand and adoption of sustainable modes of transportation in the urban population has spiked the trend of car rental services. The main reasons behind the increased acceptance of car rental services are its subscription service over ownership, shifting towards sustainable and environment-friendly modes of transportation, and integration of AI, ML, and IoT to deliver complete reliability and safety to customers.
Exploring the article will let you know the several factors that are responsible for the sustainable growth of car rental services in India.
Factors Favour in the Growth of Car Rental Services
Easy Availability
India is a nation of youth the population are devastatingly increasing so to meet the demand of the population, availability has a crucial role. People are always in search of a reliable vehicle that meets their requirements. Car rental services are one of the best options for reliable and affordable vehicles. The option is best for renting a vehicle for city view, attending events or meetings, or travelling out of the city. It offers a complete range of vehicles for users' requirements.
Better Accommodation
A typical car is only suitable for the accommodation of 5 to 7 people but what for those who want to travel with their friends and family. So, for them, a car rental service is best fitted. Users can select the vehicles of their choice which suit their requirements most. Car rental services allow individuals to choose any vehicle. However, they also have dedicated professionals to carry out the needs of individuals.
Limited Responsibility
A car hire service sorted the worst scenario for users i.e. the responsibility of repair and maintenance. This is one of the biggest advantages of renting a car as it has limited scope for repair and maintenance. However, most car rental company have their guidelines in case of accidental damage. They take a small amount as a security deposit
Cost-effective
When it comes to pocket-friendly travel, car rental services are best. It offers reasonable prices to the customers while saving them a lot of money and offering a hassle-free travelling experience.
Why Only Ajay Car Rental?
It has a one-stop solution for every need. It offers all the segments of vehicles like luxury and XUV at an affordable rate. It includes quality and safety to enhance the overall experience of users.
Conclusion
Car rental services are booming around the nation. The reasons are availability, better accommodation, and cost-effectiveness. It gives you the freedom to move anywhere in the city or out of the city. Ajay Car Rental serves all the requirements of customers, providing them with advanced in-car facilities, and ensuring their safety.