Email Learn the basics about starting this business from our guide. A car or fleet of cars for rental. Look for marketing tie -ups. Proper attention must be given to branding like dress-code for chauffeur, car bills, newspapers and water bottles inside the cars etc. We are truly an authority in this field; we can provide you with a wide range of vehicles at the best prices in the area and -- to make things even better -- all our cars come with a designated driver.
The organized sector differentiates itself from the unorganized sector in terms of its service parameters like quality of service, reliability, etc.
People who go to these places have one thing in common: Going forward, the players which give a unique and consistent service will rule the roost.
The organized sector has a small portion of the pie and is expected to grow in the future. Supplier relationship- Building a long term relationship with your car owner partners and encouraging them to continue doing business with you when more players enter the market Going forward Car rental business in India is estimated to be worth around crores.
Do you live in an area that is a tourist destination, near the airport, a busy commercial center or terminal? It is not advisable to use the public transportation system, because it is crowded and, to be honest, not very reliable.
These services will make the customer experience delightful and will encourage them to not only use but also refer the services to others.
Another challenging aspect of this kind of startup is getting your service known.
These companies mostly rely on the fleet of the existing operators and bring them on board with proper training so as to deliver a consistent service experience. OlaCabs, a popular car rental agency recently raised fund from Tiger Global.
You must be able to accept credit and debit card payments, which is the usual method of paying for this business. Combine your car rental business with tour packages to nearby cities. You can buy your own fleet which is might be expensive or enter into a contract with car agencies or companies that can rent their vehicle to you.
Fleet decisions should not only be based on a good deal, but also whether there is customer demand for those cars ii.
They charge service premium from the high end customers who do not mind paying for a flawless service. In such a case, a company which expands rapidly will have a fast mover advantage iii.Car rental business becomes more popular in India day by day. MyOnlineCA says: The car rental market in India is booming with the creation of new opportunities as several international and national companies are entering the market in major cities.
Car rental business in India is growing rapidly at a CAGR of around 12% in a market that is currently dominated by the unorganized sector. The organized sector has a small portion of the pie and is expected to grow in the future.
Dear sir, I would like to start a car rental business in chennai. so i need some of travels to come guide me and take my vehicle as a contract basis. Manimaran said on December 16, I want to give my chevrolet travera car for rent to IT companies, mint-body.comsted parties pls contact In your car rental business plan, you will need to supply information about the key management personnel of the business, operations, sales and marketing and the financial projections of the car rental business.
Car Rental Business Plan: Create a detailed plan of your car rental business. In writing a business plan you must include the target market, your start-up investment, supplies. Indian Car rental Industry is expected to grow at % over next few years Car Rental Segments Organized Car Rental Market Car Rentals CAGR- 30% 35 30 Business Leisure Rentals 25 Rentals 20 Leisure Rentals account for almost 89% of the total Car rental 15 market in India.Download