| || ||Thread Tools||Search this Thread|
|4th August 2014, 18:24||#1|
Join Date: Nov 2013
Thanked: 1,180 Times
Carzonrent to sell its 'Operating Lease Business' to Sumitomo Mitsui
Carzonrent (India) Private Limited has entered into an agreement for the sale and transfer of its operating lease business with M/s. Sumitomo Mitsui Auto Service Co. Ltd (SMAS)of Japan for an undisclosed amount.
It is learnt that Carzonrent (India) Private Limited has already sent letters to its existing customers seeking their consent for unconditional and irrevocable sale and transfer of their business to SMAS. It has also issued forms to the existing clients to transfer the cars to SMAS.
SMAS in India will be known as SMAS Auto Leasing India Private Limited. SMAI will be a joint venture between Sumitomo Mitsui Auto Service (Investment ratio 60%) and Sumitomo Corporation (40%).
SMAS manages 5,60,000 vehicles as a globally consolidated group and was established in the year 1981. As of march 2014 it employees 1464 employees with its head quarters in Tokyo, Japan.
|5th August 2014, 12:37||#2|
Join Date: Feb 2004
Thanked: 89,028 Times
Re: Carzonrent to sell its 'Operating Lease Business' to Sumitomo Mitsui
Thread moved from the Assembly Line (The "Assembly Line" Forum section) to the Indian Car Scene. Thanks for sharing!
|Thread Tools||Search this Thread|
|Thread||Thread Starter||Forum||Replies||Last Post|
|Review: Self-Drive Car Rental from Myles, Carzonrent||GTO||Street Experiences||266||29th November 2017 23:11|
|Carzonrent, Tata Motors pact: Rent a Nano at just Rs 399/day||Y@SH||The Indian Car Scene||16||11th October 2014 15:45|
|To sell or not to sell - '09 Bolero with 3 accidents||lucifer1881||Shifting gears||32||9th June 2011 15:58|
|2011 i10 Asta A/T - its Korean, its new, its fast, its red, and its coming.||nirupesh||Test-Drives & Initial Ownership Reports||1||8th January 2011 10:45|
|FIAT readying for sell-off/merger of Auto business!||Steeroid||The International Automotive Scene||10||14th December 2008 21:20|