{"id":378,"date":"2016-09-25T14:16:26","date_gmt":"2016-09-25T08:46:26","guid":{"rendered":"https:\/\/www.avis.co.in\/blog\/?p=378"},"modified":"2026-02-19T18:18:55","modified_gmt":"2026-02-19T12:48:55","slug":"car-rental-firm-avis-on-expansion-drive-in-india","status":"publish","type":"post","link":"https:\/\/www.avis.co.in\/blog\/car-rental-firm-avis-on-expansion-drive-in-india\/","title":{"rendered":"CAR RENTAL FIRM AVIS ON EXPANSION DRIVE IN INDIA"},"content":{"rendered":"

Avis India plans to expand its fleet to up to 8,000 cars in the next three years, entailing investment of around Rs 450 crore<\/p>\n

\"Avis
Avis India is looking at doubling revenue to Rs 700 crore in the next three years.<\/figcaption><\/figure>\n

New Delhi:<\/strong>\u00a0Car rental firm Avis India plans to expand its fleet to up to 8,000 cars in the next three years, entailing an investment of around Rs 450 crore, as it looks to double revenues to Rs 700 crore.<\/p>\n

The company, which has been providing service to hospitality sector and corporate clients, is also expanding its offering by adding self-drive car rentals in over 168 countries to their customers travelling for business or leisure from India.<\/p>\n

\u201cIn 2010, we had a revenue of Rs 70 crore. Our target is to clock Rs 350 crore in March 2017. We need to keep growing at twice the market rate and in the next three years after 2017 our aim is to have a revenue of Rs 700 crore,\u201d Avis India managing director and CEO Sunil Gupta told\u00a0PTI<\/em>.<\/p>\n

When asked about the expansion of the company\u2019s fleet in order to meet the target, he said, \u201cWe keep adding cars. It will be around 7,000-8,000 as compared to the current 5,000 cars.\u201d<\/p>\n

On the investment front, he did not share an exact number but said for the vehicles the company uses, the cost per car is around Rs 14 lakh to Rs 15 lakh.<\/p>\n

For an additional 3,000 units, it translates to around Rs 450 crore. Bullish on growing at a healthy rate, he said the entire car rental and hire sector has been growing at around 12% and the company has been growing at 25%.<\/p>\n

\u201cWe have been focusing on the usage of technology and getting into new segments that have enabled us to grow at a healthy pace,\u201d Gupta said.<\/p>\n

He said usage of satellite-based tracking system has helped in preventing wrong billing and that has made it completely transparent while dealing with the clients. \u201cMoreover, cars in our fleet are safety compliant and in some cases even ahead of safety regulatory requirements. As a result, our corporate clients, mostly the MNCs which are particular about these issues, continue to take our services for their employees,\u201d he said.<\/p>\n

On the company\u2019s expansion into the new area of self-drive car rentals for customers in India, while travelling abroad, he said it has been done keeping in mind the changing nature of Indian customers, who are now more willing to drive themselves.<\/p>\n

\u201cWe plan to engage with travel agents, tour operator, and travel management companies who have a strong focus on outbound travel,\u201d Gupta said. Indians travelling abroad can use Avis\u2019 self-drive car rentals in over 168 countries, he added.<\/p>\n

News Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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