Quiklyz to Offer Widest Range of Electric Vehicles (EVs) for Leasing and Subscription in India
Quiklyz, the vehicle leasing and subscription business vertical of Mahindra & Mahindra Financial Services Limited (Mahindra Finance/ MMFSL), today announced that it will offer the widest range of electric vehicles (EVs) for leasing and subscription to potential customers. Quiklyz is a new-age digital born vehicle leasing and subscription platform that offers great convenience, flexibility, and choice to customers across Indian cities.
Quiklyz currently has the largest portfolio of EVs on the subscription platform. The portfolio spans across electric 4W from the leading OEMs offering electric vehicles including Mahindra, Tata Motors, Mercedes-Benz, MG Motors, Audi, and Jaguar as well as electric 3W load vehicles from Mahindra and Piaggio for e-commerce fleet operators.
Customers will have the flexibility to upgrade their vehicle in 2-3 years keeping in tune with ever increasing technology features in newer EV launches going forward.
The EVs on-road price is currently higher than petrol and diesel vehicles, although the running cost is much lower. The customers intending to purchase EV vehicles through bank loans therefore must pay very high down payment. However, with Quiklyz there is no requirement for down payment, and monthly subscription charges for EV 4W starts from as low as INR 21,399 / per month.
Turra Mohammed, SVP & Business Head – Quiklyz mentioned, “As the world is moving on from conventional fuels to alternative sources of energy for powering transport, electric vehicles are emerging as a popular choice among the planet conscious customers. Quiklyz will continue to focus on EVs and will create an exciting platform for customers to have access to EVs in an affordable and hassle-free manner. All of this will be in keeping with India’s commitment to become carbon-neutral by 2070”.
Quiklyz is also the leading provider for subscription of Electric 3Ws used in last mile delivery by e-commerce companies. Suman Mishra - CEO Mahindra Electric added, “Leasing & Subscription is becoming an important channel for our Electric 3W specifically in load segment to new age enterprises. We look forward to continuing working with Quiklyz to provide such innovative financing solutions for our customers.”
The company plans to add more EVs in its portfolio, as it aims to create exciting EV subscription products for its customers. Quiklyz’s vehicle subscription model ensures that there’s no risk or uncertainty about maintenance, battery life, resale value, etc. when it comes to adopting a new technology
The customers can access various offerings and book their dream vehicle on Quiklyz.com. The website will facilitate an extremely simple vehicle booking and delivery journey for the customer. Additionally, customers can also reach out to Quiklyz over email at quiklyz.service@mahindra.com or call at 1800-209-7845 for support
Bank of Maharashtra to transform its customer communications with WhatsApp Banking Service using Route Mobile Limited's CPaaS solutions
Route Mobile Limited ("Route Mobile"), one of the leading CPaaS (Communication Platform as a Service) providers to enterprises, over-the-top ("OTT") players, and mobile network operators, announced that it enabled Bank of Maharashtra transform its customer communications with WhatsApp Banking Service using it CPaaS solutions.
WhatsApp banking services to be available to both Bank of Maharashtra's customers as well as non-customers, with basic banking facilities and information about banks products and services. These services will include balance inquiry, mini statement, cheque status inquiry, cheque book request, locate branch/ ATM, opt-in, optout, contact us information. It will be available on Android and iOS devices.
A. S. Rajeev, Managing Director and Chief Executive Officer, Bank of Maharashtra, said, "With the growing prominence of social media, we believe that WhatsApp banking service will offer more convenience to our customers for day-to-day banking requirements. The WhatsApp banking service will not only enhance customer experience, but will also provide a seamless and personalized experience to all our customers, as well as non-customers."
Rajdipkumar Gupta, Managing Director & Group CEO, Route Mobile Limited, said, "In the world of omnichannel communications, engaging with your customers using their most preferred channel of communications is extremely critical to deliver a seamless & connected customer experience. We are extremely happy to enable Bank of Maharashtra with their vision to transform their customer communications by implementing WhatsApp Business Platform."
This service can be used by customers as well as non-customers to know more regarding their banking services and products of the bank. It can be activated by saving 7066036640, which is Bank of Maharashtra's WhatsApp Numbers and sending a "Hi" message.
EASEMYTRIP DECLARES 1:1 BONUS SHARES ON THE BACK OF CONSISTENT PROFITABILITY
EaseMyTrip, India’s second-largest online travel platform, has announced that the Board of Directors at its meeting held on 12 th January 2022, have approved and recommended the issuance of fully paid-up Bonus Shares in the ratio of 1:1 out of its free reserves created out of profit, subject to the shareholders' approval through postal ballot. The record date will be announced in due course
The pre-bonus issue paid-up equity share capital as of date is Rs. 217,290,000/- divided into 108,645,000 Equity Shares of Rs 2/- each. The post-bonus paid-up share capital Rs. 434,580,000/- divided into 217,290,000/- equity shares of Rs. 2/- each.
The bonus shares come on the heels of remarkable results for the company, where it achieved a profit jump of more than four-fold in Q2FY22, generating strong and sustainable value for its stakeholders. In an effort to strengthen the non-air segment, EaseMyTrip has also recently announced acquiring companies like Spree Hospitality, Traviate and Yolobus. On the back of this phenomenal growth across all segments, the company has also declared interim dividends twice since its listing in March 2021.
Commenting on the issuance of bonus shares, Nishant Pitti, CEO and Co-Founder, EaseMyTrip said, “Despite the challenges faced due to the pandemic, EaseMyTrip has consistently recorded profitable results due to a sustainable and resilient business model. Looking at the new avenues for growth from the non-airsegment and our continued focus on financial and operational efficiency, we will continue to generate value for ourstakeholders. Through the issuance of bonus shares, we want to reward our existing shareholders, allowing them to increase their equity in the group and gain greater exposure to our future growth.”
EaseMyTrip is one of the very few e-commerce platforms in the world that bootstrapped itself to the IPO. In the last 13 years of its existence, EaseMyTrip has never raised capital from any external sources and has grown market-share via profits and internal accruals. The company has been profitable since its inception and continues to have very strong plans for this year as well.