India’s Eco Rent a Car enters global foray with Europcar

Indian customers of Eco would be able to avail the services of Europcar during their trips abroad.

Autocar Pro News Desk By Autocar Pro News Desk calendar 19 Dec 2018 Views icon19242 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp

L- R: Marcus Bernhardt, managing director international coverage, Europcar Mobility Group,  Fabrizio Ruggiero, deputy CEO, Europcar Mobility Group, Rajesh Loomba, managing director, ECOS (India) Mobility & Hospitality and Aditya Loomba, joint managing director, ECOS (India) Mobility & Hospitality

The French car rental company Europcar Mobility Group announced its new strategic partnership with ECO Rent a Car in India. With this partnership, ECO customers will now be able to access Europcar’s global car rental services directly from ECO’s website. In the same way, Europcar customers will have access to ECO’s premium services through Europcar’s website and will be able to either rent a car or book a chauffeur driven service in India.

This new partnership will enable Eco Rent a Car to offer their services in India with their self-drive and chauffeur-driven products under the aegis of a global brand. For this, Eco will be making various technology and service enhancements to its current product. At the same time, Eco’s customers will also see the comfort and familiarity of the Eco brand embedded in over 3,700 rental stations in over 130 countries across the globe.

Efficient and optimised shared mobility is one of the largest areas of investment globally. Renting cars – with or without drivers is considered to be the fastest disruptor to car ownership in the world today. Millennials are moving away from car ownership and the associated liabilities and headaches of ownership to renting cars. 

Speaking about the joint venture,  Fabrizio Ruggiero, deputy CEO, Europcar Mobility Group, said, “We are delighted to enter the Indian market in partnership with ECO Rent a Car. Having collaborated with the company, they were our first choice as partners as we share the same vision, mission, and functionality. The Indian car rental market has a lot of potentials and is growing at a brisk rate. The mobility business in India grew with a CAGR of 24.6 percent from FY15 to FY19. With this venture, we aim to propel the growth and development of this industry in India and abroad.”

Rajesh Loomba, managing director, ECOS (India)mobility and hospitality, said, “We feel proud to be the first Indian car rental company to partner with an international brand which will embed the Eco Rent a Car brand in over 3700 locations across 130 countries. While the global car rental market is expected to register a CAGR of 17.52 percent during 2018-2023, this partnership with Europcar, Europe’s largest and the world’s third  largest car rental and mobility group will bring global standards to India for the 9 m + people travelling to India every year and at the same time give the 22m + Indians now travelling across the world the comfort to connect with the Europcar brand in India and book their favourite Self Drive cars with confidence. We, however, look to grow beyond cars to cater to the entire mobility needs of our customers who may be institutions, individuals or even Public transport. Technology and a shared value for a fanatical zeal for quality are what will make us the first choice for our customers.”

RELATED ARTICLES
Hero MotoCorp partners Paralympic Committee of India

auther Autocar Pro News Desk calendar03 Dec 2022

Two-wheeler major to provide professional training and coaching facilities for para-athletes.

Battery Smart to expand to 25 cities across India by end-FY2023

auther Autocar Pro News Desk calendar03 Dec 2022

Gurugam-based battery swapping start-up Battery Smart is leveraging existing infrastructure by virtue of its lean, partn...

Amara Raja to invest Rs 9,500 crore in lithium-ion battery gigafactory in Telangana

auther Autocar Pro News Desk calendar02 Dec 2022

Lithium-cell gigafactory with capacity up to 16 GWh and battery pack assembly unit up to 5 GWh to come up in the Mahbubn...