Main menu
Myles, a leading car sharing and car subscription company, has entered into a strategic alliance with MG Motor India
Myles, a leading car sharing and car subscription company, has entered into a strategic alliance with MG Motor India with an estimated value of USD 35 m in the first phase. This partnership will enable MG Motor India to leverage the existing network of Myles across 21 cities in addition to its own network of 110 sales and service touchpoints. It will enable the customers to experience MG’s upcoming SUV - MG Hector on a subscription basis, book test drives of the car and avail courtesy car benefits through the Myles platform. The Hector will be produced at the manufacturing facility in Halol, India, and will kick off the company’s India journey by the second quarter of 2019.
IEG – India Managing Director, Mihir Kapoor, underlines this by explaining: “Myles has established itself as a revolutionary model in providing car rental solutions and is therefore well on its way to achieve market leadership in the segment."
IEG India Corporate Finance, under the leadership of Managing Director Mihir Kapoor, has acted as a financial advisor to Myles Automotive Technologies.
Header Pic © Sapsiwai via Fotolia