Zoomcar set to revive auto industry with car subscription model

New Delhi: Zoomcar’s shared subscription marketplace is currently moving about 12 per cent of the total urban passenger car units moved per year and is only behind Maruti Suzuki and Hyundai Motors in terms of volume. Riding on the mega trend of the mass consumer psyche of ‘accessibility over complete ownership of a car’, Zoomcar hits a massive 15000 car subscription run-rate through its shared mobility platform in Aug 2019 alone.

This feat makes it the third largest automobile player in India in terms of volume moved, just next to Maruti Suzuki and Hyundai Motor India by taking the August 2019 sale numbers. Notably Zoomcar also broke a record in March this year by driving 3,200 car subscriptions and becoming two-times larger than the largest car dealership of the country.