India Car Leasing Market: Size, Growth & Trends 2025

India Car Leasing Market Overview

Base Year: 2024
Forecast Years: 2025–2033
Historical Years: 2019–2024
Market Size in 2024: USD 20.50 Billion
Market Forecast in 2033: USD 32.55 Billion
Market Growth Rate: 5.27% (2025–2033)

The India car leasing market is expanding due to rising corporate adoption, rental fleet growth, and tax incentives. Businesses prefer leasing for cost-effective mobility, while employer-sponsored tax benefits drive demand. Increasing flexibility, reduced ownership costs, and enhanced vehicle availability are shaping the market’s long-term growth. The market size reached USD 20.50 billion in 2024. Looking forward, IMARC Group expects the market to reach USD 32.55 billion by 2033, exhibiting a growth rate (CAGR) of 5.27% during 2025-2033.

India Car Leasing Market Trends and Drivers:

The India Car Leasing Market is currently on a high-growth trajectory. It could primarily be due to several key drivers changing the demography of vehicle ownership and mobility. One such key driver would perhaps be the growing interest in car leasing by businesses. Companies seem to value the cost-effectiveness and flexibility that comes with leasing as opposed to ownership.

In a way, leasing allows businesses to simply acquire a fleet of vehicles without incurring the hefty upfront costs associated with outright purchases. Furthermore, some attractive features of automobile leasing have been made available to businesses, such as flexible payment structures, shorter lease periods, among others, compelling making up for businesses that are very much seeking mobility solutions. Hence, the influx of corporations is again significant in the expansion of the market.

In addition to the corporate uptake, the other propellant adding thrust to the growth of the Indian car leasing market is the burgeoning rental fleet market. Increasingly, individuals and companies are opting for flexible vehicle options process through which car leasing is gaining ground as one of the most attractive options to conventional ownership.

The demand for rental vehicles keeps rising; hence, companies will continue building their fleet to meet the requirements of clients who need mobility solutions for the short term. In addition, tax perks along with employer-sponsored leasing programs are highly influencing consumer behavior. These incentives, particularly in the form of reduced tax liabilities for businesses leasing vehicles, have mushroomed the usage of car leasing among different sectors. Thus, a transition is being witnessed toward a more ubiquitous use of the leased vehicles.

The burgeoning availability of cars by means of leasing is another reason contributing to the long-term growth of the India car leasing business. Leasing minimizes overall vehicle ownership costs and permits access to an array of vehicles without the long-term commitment. This kind of flexibility is immensely attractive in urban locales, where the demand for short-term, economical mobility solutions is on the rise.

Meanwhile, increasing disposable income levels, a change in consumer preferences, and greater awareness of the advantages of leasing over ownership are further driving this market. The more consumers and businesses recognize the advantages of car leasing, the stronger the market will become, creating opportunities for service providers to further broaden their offerings to service this rising demand.

India Car Leasing Market Report Segmentation:

The report provides an analysis of the key trends in each segment of the market, including the India car leasing market size, along with forecasts at the country level for 2025–2033. Our report has categorized the market based on type, lease type, service provider type, tenure, and region.

Type Insights:

• Operational Lease
• Financial Lease

Lease Type Insights:

• Open-End Lease
• Close-End Lease

Service Provider Type Insights:

• OEMs
• Banks and NBFCs
• Dealers and Brokers

Tenure Insights:

• Short-Term (12 Months)
• Medium-Term (13–36 Months)
• Long-Term (36+ Months)

Regional Insights:

• North India
• West and Central India
• South India
• East and Northeast India

For an in-depth analysis, you can refer to a sample copy of the report:

https://www.imarcgroup.com/india-car-leasing-market/requestsample

Competitive Landscape

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Key Highlights of the Report:

• Market Performance (2018–2023)
• Market Outlook (2024–2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current, and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note:

If you need specific information that is not currently within the scope of the report, we can provide it as part of the customization.

About Us:

IMARC Group is a leading market research company offering management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic, and technological developments for pharmaceutical, industrial, and high-technology business leaders. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:
IMARC Group
134 N 4th St, Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No: (D) +91 120 433 0800
United States: +1-631-791-1145