Top 10 Car and Taxi Rental Services Franchise Business In Delhi For 2024
Written By: Shruti Agrawal
In the busy metropolis of Delhi, where every street seems to beat with life and energy, the need for efficient and reliable transportation is paramount. From daily commutes to special occasions, the people of Delhi rely on car and taxi rental services franchises to navigate the city's intricate web of roads and avenues.
These car and taxi rental services franchises are the folks who can turn your daily commute into a thrilling adventure and transform your ride into a magic carpet, ready to whisk you away to your destination.
In this dynamic and competitive market, certain car and taxi rental services franchise businesses have emerged as the cream of the crop, offering exceptional services that cater to the diverse needs of Delhi's denizens.
Here, we will embark on a journey to explore the top 10 car and taxi rental franchises in Delhi, each distinguished by its commitment to customer satisfaction, affordability, and a fleet of vehicles that can turn any journey into a memorable experience. So, the key players shaping the transportation landscape of India's capital city.
Top 10 Car And Taxi Rental Services Franchises in Delhi 2024
Here are the best car and taxi rental service franchises to choose in Delhi.
Commenced in the year 2013 by David Back and Greg Mohan, it is headquartered in Bangalore, India. It operates in over 34 cities and has more than 3 million active users.
It allows users to rent cars by month, week, day, or even hour. The platform connects vehicle owners with guests who need a car, offering a wide variety of use cases for private car usage. It operates in several countries other than India.
It has partnered with auto manufacturers like Ford and Mahindra, enabling it to become the first car rental company in India to offer an electric vehicle.
The brand has been focused on expanding its car-sharing marketplace to new markets and exploring the public markets.
Investment Required: INR 32 lakhs-57 lakhs
Avis Car Rental
It's a leading global provider of vehicle rental and car-sharing services, operating in more than 165 countries with approximately 5,500 locations. It has been operating in India for more than 14 years, with a fleet of approximately 2,000 premium cars, through a joint venture of Avis Budget Group, Inc.
Avis offers car rental services to both business and leisure travellers. The company provides rental cars to the commercial segment as well as individuals.
Investment Required: Not Specified
Carzonrent (Easy Cabs)
It is the country's leading chauffeur-driven cab service and monthly car rental company. The company was founded by Rajiv Kumar Vij in 2000, with its headquarters in New Delhi.
Initially, it offered chauffeur-driven cars for hire, primarily catering to corporate clients. In 2006, the company launched its radio taxi service, Easy Cabs, and became the first Indian company to offer car leasing and taxi services. It later expanded its services to include self-drive car rentals under the brand name Myles. They have franchise options for interested entrepreneurs.
Investment Required: INR 5 lakhs-10 lakhs
Drivezy was founded in 2015 by Abhishek Mahajan, Hemant Sah, and Vasant Verma, headquartered in Bangalore. It aims to transform the way vehicles are used and shared in India.
It is India's largest vehicle-sharing platform, connecting existing vendors in the car rental industry to end-users through a hyperlocal service network.
The company offers a one-stop shop for car and bike rental services, providing a range of vehicles for customers to choose from. It is the leading car and bike rental franchise business in the country.
Investment Required: INR 25 lakhs-1 cr.
It is an app-based online taxi booking service that offers a user-friendly and simple interface for both drivers and passengers. The brand provides a convenient and efficient way to book rides, making it a popular choice for customers in need of transportation services.
The brand is described as one of the fastest-growing online app-based taxi services, indicating that it has a significant presence in the market. Ridezoo Cabs offers the opportunity to start your own on-demand taxi business, that's how you can be your boss and potentially earn more in a growing industry.
Investment Required: INR 10 lakhs-15 lakhs.
Ola, is an Indian multinational ridesharing company founded in 2010 by Bhavish Aggarwal and Ankit Bhati, both graduates of the Indian Institute of Technology Bombay. The company is headquartered in Bangalore.
More than 250 cities in India, Australia, New Zealand, and the United Kingdom are serviced by Ola, making it the largest mobility platform in India and one of the top ride-hailing firms in the world.
Ola Cabs franchise business provides a reliable and profitable franchise business opportunity to the entrepreneur.
Investment Required: INR 15 lakhs-50 lakhs
The brand is a part of MLL Mobility Private Limited, which belongs to the Mahindra Group lineage. The company was founded in 2006 by Neeraj Gupta and is headquartered in Mumbai. It operates in 24 cities across India, providing services for local, outstation, and airport rides.
It was the first company in India to offer air-conditioned taxis with electronic meters and GPS/GPRS systems, enabling customers to hire AC taxis over the phone. It has also introduced electric vehicles in its fleet through a partnership with Mahindra Electric.
Partnering with Meru Cabs as a franchisee can provide individuals with the opportunity to benefit from the brand recognition and marketing support of Meru Cabs.
Investment Required: INR 20 lakhs-40 lakhs
It is an Indian cab service that offers a variety of rental fleet cars to its customers. The brand provides hassle-free rides, allowing users to choose from a range of cab options for their transportation needs. VU Cabs operates through a mobile app, allowing customers to book rides conveniently.
VU Cabs offers a range of cab options, including Micro and Mini, to cater to the diverse needs of its customers. It also provides affordable luxury wedding cars, allowing customers to make their special day more memorable and beautiful.
As a franchisee of VU Cabs, you can benefit from the company's experience in the industry and its range of services.
Investment Required: INR 10 lakhs-20 lakhs
The brand was founded by CEO Kajal Dubey and is a Delhi-based transport technology provider startup that operates as a radio-taxi booking platform, supporting drivers and cabs from various taxi operators and aggregators.
It aims to provide the best taxi hiring experience for both passengers and drivers, with rigorous driver vetting and no surge. As a franchisee of TaxiPixi, you can benefit from the company's experience in the industry and its range of services.
Investment Required: INR 10 lakhs-20 lakhs
Flexi Cabs is an American company with an Indian subsidiary. Earlier, their working model ranked among the top 5 startups in India. The brand offers competitive pricing for its car rental and taxi services, making it an attractive option for customers looking for affordable transportation solutions.
As a franchisee of Flexi Cabs, you can benefit from the company's experience in the industry and its range of services. The transportation sector is a growing industry, and with the increasing demand for airport transfers, a Flexi Cabs franchise can be a potentially lucrative business opportunity.
Investment Required: INR 20 lakhs-30 lakhs
Why Start A Car And Taxi Rental Service Franchise Business In Delhi?
- Delhi's bustling population and tourism industry ensure a constant demand for transportation services.
- Advanced Technology allows access to booking systems, mobile apps, and GPS tracking enhances efficiency and customer experience.
- Franchises provide access to well-maintained, up-to-date vehicles, reducing maintenance costs.
- Franchisors possess knowledge of the local market, including customer preferences and regulatory requirements.
- They provide diversified Services like some franchises offer additional services like airport transfers and corporate accounts, expanding revenue streams.
- Since pollution is one of the biggest problems of Delhi. Certain franchises offer eco-friendly vehicles, aligning with the growing trend towards sustainable mobility.
To Sum Up,
The India Taxi Market is expected to register a robust Compound Annual Growth Rate (CAGR) in terms of value by 2028. The increasing adoption of smartphones and internet access has led to the growth of the taxi market in India.
The Indian taxi market is expected to reach USD 253.27 billion in 2023 and grow at a CAGR of 8.95% to reach USD 388.79 billion by 2028. The organized taxi market only constitutes about four to five per cent of the total share.
In metro cities, around 35% of the taxi business comes from the corporate sector. Taxi companies are becoming more tech-savvy.
The car and taxi rental industry in Delhi offers a range of franchise opportunities for aspiring entrepreneurs and investors.
Therefore, individuals interested in starting a car or taxi rental franchise in Delhi should conduct thorough research and reach out directly to these companies for the most up-to-date information on franchise availability, terms, and conditions.
With Delhi's growing population and increasing mobility needs, the car and taxi rental industry in the city continues to offer opportunities for entrepreneurs to thrive. However, thorough due diligence, a solid business plan, and a commitment to meeting customer expectations are crucial for long-term success in this competitive market. Call us at FranchiseBazar to get started with a rental service franchise anywhere in Delhi.
Disclaimer: The brands mentioned in this blog are the recommendations provided by the author. FranchiseBAZAR does not claim to work with these brands / represent them / or are associated with them in any manner. Investors and prospective franchisees are to do their own due diligence before investing in any franchise business at their own risk and discretion. FranchiseBAZAR or its Directors disclaim any liability or risks arising out of any transactions that may take place due to the information provided in this blog.
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