a car driving down a street

© Provided by The Financial Express

Toyota Kirloskar Motor (TKM) has announced its tie-up with Myles Automotive Technologies Pvt Ltd in order to expand its car subscription service for customers in Delhi-NCR, Mumbai and Bangalore. With the said collaboration, TKM has announced some steps to provide better convenience to the customers as it has introduced shorter subscription periods of 12 and 18 months. Thanks to this, the customers can now choose from flexible subscription tenures of 12, 18, 24, 36 or 48 months and also annual running kilometre usage for a fixed monthly rental with Myles. The company said that the monthly rental includes vehicle usage cost, road tax, registration, insurance coverage and maintenance for kilometres opted along with 24×7 roadside assistance and the same will be handled by Myles in association with Toyota dealers.

The company says that the monthly rental varies depending on the model, kilometres opted and the tenure. For instance, the subscription rental in Delhi for the Toyota Glanza starts at Rs 19,808 a month while for the Innova, it is Rs 45,721 a month. TKM-Myles subscription service also offers a tenure extension along with buy-back options to customers. That said, the customers can choose new cars from the company’s range that include Glanza, Yaris, Innova Crysta, Fortuner and also, the recently launched Urban Cruiser.

Commenting on the tie-up with Myles, Naveen Soni, Senior Vice President, Sales and Service, TKM said that the company has been experiencing a good response for its subscription service since the launch in August 2020. He adds that Toyota is optimistic with the tie-up with Myles as it believes that the association will provide the subscription service further impetus. Earlier, Toyota announced partnerships with its existing brand KINTO under Toyota Financial Services, ALD Automotive India and SMAS Auto Leasing India Pvt Ltd in order to provide leasing and subscription service to corporate and individual customers.