Zoomcar has introduced that its subscription-based possession programme, ZAP Subscribe, has recorded Three,200 subscriptions within the month of March 2019 alone. The corporate that provides self-drive providers additionally stated that the service had recorded over 7,000 subscriptions in its first yr of operation, which had begun in April 2018.
The corporate stated that 80 % of the over 7,000 subscribers had been first-time patrons who weren’t trying to purchase new automobiles owing to excessive downpayments, EMIs, upkeep prices and different such components.
"We strongly imagine that by way of ZAP Subscribe we will seize 15 % to 20 % of India’s private automobile buy market over subsequent 2-Three years. We’re strongly dedicated to the Indian market with regards to mobility options and can proceed to offer the final word in comfort, flexibility, and affordability to the patron," stated Zoomcar founder and CEO, Greg Moran, in a press release.
The corporate has stated that it aimes to usher in 5 lakh ZAP automobiles to its subscription platform over the subsequent two years and obtain a 20 million bookings milestone throughout the identical interval.