Latest Developments in Global Car Rental Market

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Latest Developments in Global Car Rental Market

  • Semiconductors and Electronics
  • Apr 2025
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

  • In November 2023, MakeMyTrip made a strategic entry into the car rental space by acquiring Savaari, an Indian intercity car rental company, through a small ticket investment to broaden its travel services portfolio. This move strengthens MakeMyTrip’s presence in the domestic mobility segment and positions it for integrated travel offerings
  • In August 2023, Avis Budget Group partnered with Albatha Automotive Group to bring the Budget Rent a Car and Payless Car Rental brands under Albatha’s mobility division, offering both self-drive and chauffeur-driven rental and leasing services for passenger and commercial vehicles. This collaboration boosts brand visibility and service diversification across the Gulf region
  • In March 2023, IndusGo, supported by its parent company Indus Motors, raised INR 200 crore to expand its self-drive car rental services from South India to Bengaluru and Hyderabad, reinforcing its presence in key urban markets. The funding allows IndusGo to accelerate growth and strengthen regional competitiveness
  • In April 2022, SIXT expanded its operations in the U.S. by opening new branches in Charlotte and Baltimore, aiming to enhance rental accessibility and convenience on the East Coast as part of its global expansion strategy. This initiative reinforces SIXT’s footprint in a competitive and high-demand rental market
  • In May 2021, Uber introduced Uber Rent in Washington DC, marking its foray into the car rental space, along with the expansion of Uber Reserve to major U.S. airports, with initial services focused on the capital city. These launches reflect Uber’s intent to diversify mobility services and offer end-to-end travel solutions