Quiklyz, the vehicle leasing and subscription business of Mahindra & Mahindra Financial Services Limited (Mahindra Finance / MMFSL), today announced its tie-up with BluSmart Mobility, India's first and largest zero-emission ride-hailing service and platform. As part of this arrangement, Quiklyz will provide customized Lease for up to 500 Electric Vehicles (EVs) which will be deployed on BluSmart's 100% EV fleet.
These vehicles would be deployed in the Delhi NCR region and would be used for the BluSmart all Electric ride hailing services plying currently in NCR through the BluSmart app.
Quiklyz is the new age vehicle leasing and subscription platform having broad product offerings across various customer segments for passenger and commercial vehicles from all leading OEMs in India.
Anmol Singh Jaggi, Founder & CEO, BluSmart said, "BluSmart, through its all-electric fleet, provides zero-ride denial, zero-surge and zero-tailpipe emission ride-hailing service to make mobility smarter and sustainable for a better future. We needed a partner who could create bespoke financing structures, industry-best service levels and in Quiklyz we found the ideal leasing partner fulfilling these requirements. We look forward to our continued partnership with Quiklyz which would be a win-win for all".
Mohammad Turra, Senior VP & Head, Quiklyz mentioned, "We are committed to providing innovative leasing solutions to popularize Electric Vehicles in India and are delighted to be the leasing partner of choice for BluSmart which has built a remarkable portfolio of EV fleet. We will continue to create necessary leasing products across EV segments to drive the change towards a more sustainable future".
BluSmart currently operates in Delhi NCR region and the company plans to expand its network into other major cities across India. It also operates large EV charging Superhubs powering its own EV fleet as well as offering services to others.
Quiklyz currently has the largest portfolio of electric vehicles (EVs) on its leasing and subscription platform. It provides both Electric 4W as well Electric 3Ws across OEMs including Mahindra, Tata Motors, Piaggio, Mercedes-Benz etc. Quiklyz's value proposition for its customers includes zero down payment schemes, flexible tenure options, no resale or maintenance hassle, and much more.
Shares of Mahindra & Mahindra Financial Services Limited was last trading in BSE at Rs. 157.35 as compared to the previous close of Rs. 157.85. The total number of shares traded during the day was 136383 in over 1398 trades.
The stock hit an intraday high of Rs. 158.75 and intraday low of 155.95. The net turnover during the day was Rs. 21430421.00.