Leasing is like subscribing to any service, for example, Netflix, Newspaper, Wifi service, etc. In the case of EV leasing, you don’t pay the total upfront cost but own the EV by paying monthly subscription (Lease) charges. Although this is a monthly/yearly owning experience, you can also have 100% vehicle ownership while getting the Zecat leasing benefits.
EV leasing is a legal tender between a corporate or an individual where one owns an electric vehicle by paying monthly subscription charges with the boundation of 2-3 years after which you can hand back the vehicle, with an optional revert program.
EV leasing in India
EV leasing is fairly new for the Indian audience, and this concept is mostly popular in Europe and America. Compared to other countries, this market is fairly young for India, and it has a large scope to grow and attract a massive audience. Currently, there are very few auto lease companies in India dealing specifically with electric vehicles and Zecat is one of those few companies dedicated to electrifying India by removing all the resistance and promoting a green future.
Top E-vehicles to lease in India:
- Tata Nexon EV:
Specifications | Nexon EV |
Range | 465 |
Top Speed | 120km/h |
Charging time | 6 hour |
Battery | 40.5kWh |
Lease Nexon EV Now | |
- MG ZS EV:
Specifications | ZS EV |
Range | 461km |
Top Speed | 175kmph |
Charging time | 9 hours |
Battery | 50kWh |
Lease MG ZS EV Now | |
- Ola S1 Pro:
Specifications | S1 Pro |
Range | 180km |
Top Speed | 120kmph |
Charging time | 6 hours |
Battery | 4kWh |
Lease S1 pro Now | |
- Ather 450X:
Specifications | Ather 450X |
Range | 146km |
Top Speed | 90kmph |
Charging time | 5hours |
Battery | 3.5kWh |
Lease Ather 450X Now | |
- TVS iQube S
Specifications | iQube S |
Range | 100km |
Top Speed | 78kkmph |
Charging time | 4.5hours |
Battery | 3.04kWh |
Lease iQube S Now | |
Benefits of EV Leasing over Buying one:
Leasing an EV is a financially uplifting decision and gives you various other perks to smooth your EV-owning experience. Here’s a list of all the benefits of EV leasing and its comparison with buying one.
- Tax benefits: EV leasing gets tax benefits because our government considers leasing under non-luxury spending.
- Convenient budgeting: With EV leasing, monthly budgeting gets very easy and doesn’t put a sudden burden of high upfront costs.
- No Upfront cost: While buying a car have to put your years of savings or get into the debt trap of a car loan. Whereas Leasing gives you freedom from all that and provides you more perks on top of that.
- Flexibility to switch the vehicle in case purchasing goes away.
Why to lease an EV from Zecat:
The motto of Zecat is depicted in its name, i.e. Zero carbon transport (Zecat), and we aim to make the EV transition as smooth as possible by removing all the resistance in front of EV enthusiasts.
The real issue that the Indian EV market faces is:
- Myths about Electric vehicles
- Charging infrastructures
- Upfront cost
- Maintenance
- Servicing
- Accessories
- Spare parts
- Expert EV consultation
Being a one-shop shop for all the EV needs, Zecat is working towards solving all the issues and problems related to electric vehicles.
Here’s how Zecat is saving the EV users:
- Providing EV on lease: It significantly reduces the upfront cost of electric vehicles and improves its affordability for giving away vehicles at a subscription price of ₹6000 only.
- On-demand EV charger installation: Another vertical Zecat is working on is a growing charging network. Zecat will install a reliable charging point without any added cost.
- Free Doorstep maintenance: The biggest issue of every EV owner is serving and maintenance. As EVs are new to the market and very few local shops provide EV spare parts and repair services, EV users are bound to visit the company’s service centre for even a small repair. Zecat provides doorstep repair and EV servicing services.
- Free expert consultation: Countless myths revolve around the market about electric vehicles that don’t even have a solid base to remove the confusion and provide crystal-clear information. Zecat provides free EV consultation.
- Roadside Assistance
- Mobile Charging (EV charging on demand)
- lifetime free expert EV consultation.
Zecat is one of India’s few EV leasing companies with a robust network with various dealerships and a deep understanding of customer’s needs and pain points. With the relevant experience and unbreakable spirit, Zecat is moving strongly to solve all customers’ pain points and provide our audience with a great EV-owning experience.
Conclusion:
EV leasing is an innovative new option for consumers in India looking to switch to electric vehicles. It provides several key benefits over traditional vehicle purchases, including lower upfront costs, tax benefits, easy budgeting, and flexibility.
Companies like Zecat aim to accelerate India’s EV transition by offering affordable monthly lease options and addressing common consumer concerns around charging infrastructure, maintenance, servicing, and myths about EVs. By providing end-to-end solutions that remove adoption barriers, EV leasing has the potential to increase mainstream EV ownership in India rapidly. With supportive government policies and consumer-friendly business models, India’s transport sector appears poised for rapid electrification, supporting national sustainability goals while benefitting consumers.
