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Car rental services

Carzonrent India Private Limited

  • Area Req
    - Sq.ft
  • Investment Range
    INR 5lac - 10lac
  • Franchise Outlets
    Less than 10
Business Details

ABOUT MYLES

Myles is India's premier self-drive service available across 21 cities with 250+ convenient pick-up locations. Myles' wide range of cars includes more than 38 car models from a Mahindra e2o to a Mercedez.

Myles has grown from 14 cars to 1200+ cars in the last three years. To further cater to the growing demand for self-drive, Myles plans to bring together a fleet of 50,000 cars in 50 cities spread across over 5000 locations. in the next few years. The idea is to provide a Myles car every 400 meters in a city.

Self-drive through Myles is making sure that greater flexibility, convenience and affordability is available to any individual looking to buy a car. We use sophisticated telematics solutions to enable all cars to be available on a single web and mobile platform. Today, Myles is changing the way young urban Indians are buying cars.

Investment Details

Commenced Operations

Operations Commenced On 2013

Franchising / Distribution Commenced On 2013

Franchise Details
Units

Investment INR 5lac - 10lac

Expansion Locations
North

Haryana, Delhi, Uttar Pradesh

South

Karnataka, Tamil Nadu, Telangana

East

- NA -

West

Maharashtra, Rajasthan

Central

- NA -

Union Territories

Chandigarh

Franchise Details

Anticipated percentage return on investment 25 %

Likely pay back period of capital for a unit franchise -

Other investment requirements -

Property Details

Type of property required for this franchise opportunity Others

Floor area requirement - Sq.ft

Preferred location of unit franchise outlet -

Training Details

Detailed operating manuals for franchisees Yes

Franchisee training location Head Office

Is field assistance available for franchisee ? Yes

Expert guidance from Head Office to franchisee in opening the franchise Yes

Current IT systems will be included in the franchise Yes

Agreement & Term Details

Do you have a standard franchise agreement? Yes

How long is the franchise term for? 3 Years

Is the term renewable? Yes

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