The leading vehicle subscription and sharing start-up, Myles, has announced an offering, allowing customers to change their car every year with subscriptions starting at INR 14,990 per month.
Under the programme, the customers have to choose a car, select a suitable tenure (between one and four years) and pay the fee, a press release from the company said.
The predetermined amount for temporarily owning/changing/returning the vehicle includes insurance cover on scheduled unscheduled maintenance covers, two roadside assistance per year at zero cost, FASTag, and standard car accessories, the release added.
The company plans to add 5,000 cars in the next 12 months under the offering.
Sakshi Vij, Founder & CEO, Myles, said, “Millennials are shifting towards a subscription economy that helps them to maintain their finances. And now with the younger generation realising the liabilities of owning a car, they are willing to subscribe to vehicles as well.”