How To Start Car Rental Business In India?

If a company wants to rent private cars for self-driving, what are the current rules and regulations and is there any bill pending in the parliament wherein private white and black coloured number plates can also be used for self-driving rentals?

Answer (1)

Arshi Noor

Arshi Noor

  • Sector-1, Noida

For starting a Car Rental Business in India, you have to create the best business plan for the car rental company. There are many types of car rental business plan like you can start a Rental Fleet Business (owned the Fleet) or you can act as Cab Aggregators like Ola or Uber even you can attach your Car with Ola Cabs & start the business from Small investment. Even India’s leading Cab Aggregators like Ola or Meru Cabs started from the rental fleet business and on a later stage, they change their business model into an app-based cab aggregation service (similar to Uber) and the rest is history. A Car Rental Business in India has following revenus lines – Fleet Management via Tele Sales Percentage Commission from Trips being served through its platform (Trip Based Commissions) Corporate Tie-Ups / Event Tie-Ups Vehicle On-Boarding Fee In-Cab Advertisements Fleet Leasing (To Drivers) Car Type Peak Time Charges In a best car rental business plan you have to include target market, your start-up investment, supplies. How you access the market considering the demand, projected annual revenues and expenses. 

Consult a startup lawyer in India to start your business.

Answered on 28 Nov 2019

Was this answer helpful?

Didn't find the answer you are looking for?

Talk to experienced lawyer online and get your answered in minutes.

Advocate Suhasini SAdvocate Taji GeorgeAdvocate Dilpreet S GandhiAdvocate Aashish Srivastava+50