Mahindra & Mahindra Financial Services Limited announced the official launch of its leasing and subscription business `Quiklyz'. This venture is a new-age digital platform for vehicle leasing and subscription, that aims to provide great convenience, flexibility and choice to customers across cities. Mahindra Finance sees this as a great opportunity to create value for its stakeholders with a profitable business model and build a strong balance sheet out of emerging opportunities in this adjacent business vertical. Quiklyz is the digital journey on car usership with which the customer can access a brand-new car without all the hassles of car ownership. Quiklyz will take care of registration, insurance, scheduled and unscheduled maintenance, road-side assistance etc. In the initial phase Quiklyz will launch its services in metro cities like Bengaluru, Chennai, Delhi, Gurugram, Hyderabad, Mumbai, Noida, Pune, and will further expand it to other cities across India, including tier II cities, covering 30 locations over the next one year. Quiklyz is also in discussions with several automotive OEMs and will announce partnerships with them on Leasing and subscription shortly. Quiklyz will be available for both corporate (B2B) and retail (B2C) customers. Under the B2B segment, the Company aims to offer services to corporates and fleet operators, while in B2C segment it will target customers with millennial mindset. It will cover vehicles across all major auto OEMs, with wide range of choice in terms of vehicle models, variants and colors. Quiklyz will leverage Mahindra Finance's expertise as India's Leading NBFC as well as #1 NBFC in Car Financing driven by a passionate base of 7.3 million customers as well as an extensive reach of 1,380+ branches pan India. The Quiklyz value proposition will offer the individual multi-faceted benefits including: Zero Down Payment and lower monthly outflow vs. Loan. No uncertainty on vehicle maintenance costs, resale price etc. with a fixed monthly fee. White number plate & RC book in individual's name. No resale or maintenance hassles. Wide range of options for customer at end of tenure - Return/Extend/Buy/Upgrade.