A vast majority of the consumers for car subscription in india comes from working-class professionals and small and medium scale business people, whereas the largest OEM partners for subscription model cars are Maruti, Hyundai, Ford, Mahindra and Tata. ZAP Subscribe is an innovative way to get a personal car, without the hassles of down payment, service, and insurance and the subscription model will help bring together additional flexibility and an accessibility for renters to have easy access to cars in their neighborhood.
Zoomcar, India’s largest self-drive shared mobility platform, introduced car subscription model in the city with fully-developed operations. ZAP Subscribe is the leading fractional sharing program of Zoomcar where one can subscribe a car for 6, 12 or 24 months and technically have the flexibility of having a new car whenever they want, a Zoomcar release said. Coimbatore is one of the largest markets for Zoomcar today in the state as the subscriber base has doubled ever since the launch of ZAP Subscribe, the company said adding the number of registered users in the city is 1,000+ with almost 50+ pre-books.
It has been effective in over 35 cities including Coimbatore, Delhi, Mumbai, Chennai and Bengaluru with more than 1,000 subscribers making more than 25 percent of the Zoomcar’s fleet via subscribed cars. “With ZAP Subscribe, Zoomcar is introducing the first-of-its-kind car subscription models in India. In the last several years, India has witnessed a remarkable mindset shift; and now access is more valued over ownership,” Zoomcar CEO and co-founder, Greg Moran said in the release.
Customers need to pay a monthly subscription fee for using the services and need to register themselves, select the vehicle of their choice and reserve it by paying a refundable security deposit of Rs 2,100 only. Once the car is secured, a one-month payment needs to be done in advance. The car is then provided within 48 hours of successful payment. Subscribers can list the car on ZAP when the car is idle, by sharing the car with other customers one can save on the monthly subscription fees, it said.
Key features of the ZAP subscription model:
- Zero down payment and instead pay only Rs. 18,999 per month to get a car of your choice.
- Get your personal car within 48 hours – With ZAP Subscribe a car is gets delivered within 48 hours of making the payment.
- No maintenance – With ZAP Subscribe you do not have to pay anything additional to keep your car on road. The maintenance cost is included in your monthly subscription fee.
- Limited damage liability – With ZAP Subscribe, in the event of an accident, the individual’s maximum liability is just Rs. 10,000.
- Flexibility of having new car whenever you want – ZAP Subscribe offers you the flexibility and lets you opt for a 6, 12, 18 or 24-month tenure.
- Unlimited km – There is no restriction on the kms.
Switch By Revv
Switch is a car subscription model. Instead of buying an entire car by paying down payment and EMI, you sign up with Switch and pay a monthly rent for the car.
Switch lets you use their cars for the month. You have to pay for fuel, toll, interstate tax etc whereas insurance and maintenance will be taken care by Switch. You can return the car if you don’t need it for a while, you can change cities and car types based on need (subject to various conditions and fees)
How much is the rental?
Varies by car type. Small cars like Swift start at 25000 per month, more expensive duster and Ecosport cost 34000 per month in rental. If you subscribe for yearly scheme, per month rent comes down a bit, but each switch will cost you 2000 Rs.
What is the difference between Revv-Switch vs Zoomcar ZAP?
While under Switch you don’t own the car but rent it on need basis, ZAP and Angels work the opposite- you own the car but when not in use, car will be deployed on Zoomcar/Myles fleet and you get to earn a share of the revenue it generates.
Having nearly tripled its fleet and geographical presence in the last five months, Revv now intends to expand its product portfolio to address needs and use cases of shared mobility that are not being addressed by any other available products.
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