Tuesday, July 15, 2025

Toyota Announced Car Leasing And Subscription Programme

Toyota Kirloskar Motor (TKM) has launched a new Toyota’s Mobility Service (TMS) – a new initiative to offer car leasing and subscription services in India. In the first phase, these mobility services will be available in Delhi-NCR, Bengaluru, and Mumbai only. The company will extend its range to 10 major cities in India in the first year.

toyota subscription and leasing programme

For this, the Japnese carmaker has tied up with Kinto under Toyota financial services, ALD Automotive India, and SMAS Auto Leasing India. This program is available on all the Toyota cars including Fortuner, Innova Crysta, Yaris, Glanza.

This service will also be available on the upcoming Urban Cruiser sub-compact SUV. 

Toyota’s Mobility Service: Leasing and subscription programme

Under the program, corporates can choose the car of their preference for a tenure of 3 to 5 years on a fixed monthly fee on lease. This monthly fee will also include vehicle maintenance, insurance, and roadside assistance charges.

For individual customers, Toyota has provided a subscription scheme. Under this, customers will be having the flexibility to opt for a period of 2 years to 4 years. 

toyota innova crysta price

Also Read: MG Hector, Hector Plus And ZS EV Are Now Available On Zoomcar's Subscription Plan

What are the monthly charges?

Well, the monthly charges vary as per the tenure, model, and city you choose. For example:- The entry-level Toyota Glanza's G variant (manual) will cost you Rs 30,848 / month for the tenure of 2 years in Bengaluru. While for the 4 years tenure the monthly fees will be Rs 23,116 for the same model. These charges are inclusive of GST. 

Click here to see the subscription or leasing fees for your preferred car.

toyota fortuner price in india

Toyota's Official Comment

Commenting on the launch, Naveen Soni, Senior Vice President, Sales, and Service, Toyota Kirloskar Motor, said:- 

The automotive industry globally is experiencing a ‘once-in-a-century’ profound transformation and it is imperative that we as automobile manufacturers, transform ourselves from a traditional car company to a mobility company. Be it product or services, as a customer-centric company, it has always been our endeavour to introduce products and services in line with the evolving customer needs. The role of Toyota’s Mobility Service is aimed at providing one such solution catering to emerging mobility needs of the customers. Both leasing and subscription are expected to grow significantly in the coming years. In time, we want to provide all possible models of mobility service by working closely with our corporate, fleet customers and subscribers to understand their needs and offer customized and futuristic solutions such as Mobility-as-a-Service and connected cars.

However, there is a need to create more awareness among customers as they may not be cognizant of the many benefits. For instance, customers may not be aware that they can lease new vehicles as per their preferences – models, variants, maintenance packages. Further, the main advantage of corporate leasing is that it enables tax merit for corporate employees.

Author's Take

Subscription plans have their own perks and cons. It allows the owners to upgrade their cars as per their needs. It gives hassle-free ownership experience without worrying about the long term commitments and the expenses that we spend on the service/maintenance. However, in some cases, the subscription fees touch almost the actual cost of the vehicle. Hence, perhaps companies should also pay attention to this.

Subscription-based ownership is a good option for those customers who frequently change their cars in 2-3 years or who have to constantly pack their bags in order to cater to their job demands.

Anyways, Would you consider owning a new car on a subscription basis? Write to us on our social media handles: InstagramTwitter, and YouTube.

Car News

Toyota Glanza Gets Prestige Accessory Package; Six Airbags Now Standard

0
Toyota India has made six airbags a standard fitment across all variants of the Glanza, enhancing safety for both the driver and the passengers....

Bajaj Pulsar N150 Discontinued In India

0
Bajaj Auto has discontinued the Pulsar N150 from its Indian lineup. The bike has also been removed from the official website. The Pulsar N150...

Bajaj Pulsar N160 Gets New Single Seater, Dual-Channel ABS Variant

0
After launching the single-seat variant of the Pulsar N160 earlier this year, Bajaj Auto has now introduced another single-seat variant with dual-channel ABS. It...

Mahindra To Debut These SUV Concepts on August 15

0
Mahindra has just dropped fresh teasers for four upcoming SUV concepts — Vision.T, Vision.S, Vision.SXT, and Vision.X — all set to be unveiled at...

Related Articles

VinFast VF6 and VF7 Bookings Now Underway In India

VinFast showcased its range of global products at the 2025 Auto Expo, and two of them, the VF6 and VF7, are set to foray...

Tesla Model Y Launched In India At Rs 59.89 Lakh; Bookings Now Open

The wait for EV enthusiasts is finally over, as Tesla has officially made its India debut with the Model Y, priced from Rs 59.89...

Kia Carens Clavis EV Launched At Rs 17.99 Lakh; Booking Starting From July 22

The Kia Carens Clavis EV has finally been launched in India, with prices ranging between Rs 17.99 lakh and Rs 24.49 lakh (introductory, ex-showroom),...

Maruti eVitara Range and Charging Time Revealed

While the Maruti e-Vitara's India debut is still awaited, the brand has now revealed its range figures and charging time in the United Kingdom....

Hyundai Aura S Now Available With AMT; Slashes Entry Price By Rs 87,000

Hyundai India has expanded the variant lineup of the Aura sub-4m sedan by introducing the S AMT variant at Rs 8.08 lakh (ex-showroom). Earlier,...