With temporary subscription options offered by leading brands in India, owning and driving a car may get significantly easier.

The subscription model completely eliminates the high upfront purchase cost of a car. It calls for low or no down payment at all. It reduces the dependence on loans, thus saving interest, and opens up the possibility of a whole lot others buying one. The temporary ownership programmes, typically offered by commercial rentals such as Zoomcar and Revv are now offered in various lucrative forms by OEMs.

Maruti Suzuki, for example, offers a subscription option on all 10 models it sells – including the Swift, the Vitara Brezza and the XL6. The company also offers CNG variants of the WagonR and the Ertiga under the subscription model. Potential subscribers can pick a car best suited for their requirements (depending on the seating capacity, comfort and performance). The company also offers AT (automatic transmission) and MT (manual transmission) variants of most of its models, which the subscribers can always warm up to. They can, depending on their aspirational needs and usage, select a car or upgrade to one at the end of the current tenure.

Under ‘Maruti Suzuki Subscribe’, a customer can choose a tenure of between 12 months (minimum tenure period) and 48 months. During this period, he or she will have to pay an all-inclusive fixed monthly fee that covers the complete maintenance of the vehicle.  Service and repairs (including the parts and consumables) are also covered. The monthly fee will also include zero depreciation insurance, 24x7 roadside assistance and registration fees. At the end of the selected tenure, subscribers can upgrade to a new vehicle or extend the tenure up to four years. They can also buy the subscribed car permanently based on its market assessment.

Maruti also offers a choice between a white plate registration and a black plate. White plate cars are registered in the name of the subscriber. The black plate cars carry the name of the corporate subscription partner. Both options offer a starting tenure of 12 months (with an option to extend to 48 months).

For either plate car, customers can choose the colour of their choice. They can choose an annual kilometre package (10,000 km, 15,000 km, 20,000 km or 25,000 km) allowed by the company. Subscribers clocking additional kilometres are charged between INR 3 and INR 5 (taxes extra) for each kilometre covered in the case of black plate cars. In the case of white plate cars, it is INR 5 plus taxes. While Maruti models are available for subscriptions starting at INR 12,868 per month for the WagonR LXi 1.0L MT and INR 33,676 per month for the S-Cross Alpha AT, there are other manufacturers who are known to offer similar packages for their brand of cars. Among these are Toyota, Hyundai and Mahindra & Mahindra.

Regardless of the brand, what the subscription model achieves is to provide a better opportunity to get hold of a car – to use one. Making it financially easy for one to possess a car, the subscription model does away with the worries of securing a loan and about the depreciation the car will incur over a period of time. Involving no down payment in most cases, the subscription model helps the user to save on interest. Apart from fuel costs, expenses like insurance, maintenance and road taxes are conveniently included in the monthly fee. With dedicated OEM verticals for subscription models, a subscriber can easily seek assistance, modify or change the plans too. (MT)     

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Global NCAP, the automotive safety watchdog, has announced the latest results for its #SaferCarsForIndia campaign, with two models from Maruti Suzuki India, the country's largest passenger vehicle manufacturer, receiving mixed results.

The latest crash test result saw Global NCAP awarding the Maruti Suzuki Celerio a three-star rating for adult occupant protection following the inclusion of six airbags as standard. A previous version of the vehicle, equipped with two airbags, had received two stars for adult occupant safety and one star for child protection.

The technical evaluations of the six-airbag Celerio indicated protection levels ranging from good to marginal. The assessment noted that both the footwell and the bodyshell were unstable. Tests also showed exposure of children’s heads during front and side impacts.

On the other hand, the company’s popular sedan model the Maruti Suzuki Ciaz received a 1-star rating in the same assessment. The report for this model highlighted:

• The absence of side head protection.
• An unstable footwell and bodyshell.
• A lack of three-point seatbelts in all seating positions.

In contrast, Global NCAP reported that the new Dzire and Victoris models achieved five-star ratings.

Richard Woods, Chief Executive Officer of Global NCAP, said, “We are encouraged that Maruti Suzuki is committed to improving safety with five star performance for new models like the Dzire and Victoris, it remains disappointing however that some legacy models fall short.”

The results follow a commitment from Maruti Suzuki to increase safety standards across its future vehicle range.

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CARS24 has announced the promotion of Divanshu Saxena to Chief Business Officer (CBO) of its NBFC arm, CARS24 Financial Services.

In his new role, Saxena will oversee the strategy, growth and execution of the financial services division. His responsibilities include scaling lending operations, managing risk and maintaining profitability as the company develops its financial services platform.

Saxena previously managed the consumer financing business for LOANS24. During his tenure, the division recorded growth in finance penetration and contributions from non-retail lending. The company noted that his work focused on unit economics and portfolio quality.

Ruchit Agarwal, Co-Founder & Group CFO, CARS24, said, “Divanshu has played a pivotal role in building CARS24 Financial Services into a strong and institutionally sound business. His disciplined approach to growth, deep understanding of lending economics, and consistent execution have laid a solid foundation for scale. We are proud to elevate leaders from within, and as CBO, Divanshu will be central to shaping the next phase of growth for LOANS24.”

Before joining CARS24, Saxena served as a Project Leader at Boston Consulting Group (BCG) within the Financial Services and Industrial Goods practice. He is an alumnus of IIM Calcutta, where he graduated with a silver medal, and Shri Ram College of Commerce (SRCC), University of Delhi.

Divanshu Saxena said, “Building LOANS24 has been about creating a lending business that balances speed with discipline and growth with resilience. As CBO, my focus will be on scaling responsibly, strengthening our fundamentals, and continuing to build a financial services platform that earns long-term trust from customers and partners.”

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South Korean auto major Hyundai Motor Group has announced executive appointments effective from 1st January 2026. The changes focus on the transition to software-defined vehicles (SDV) and the development of manufacturing technology.

In total, 219 executives have been promoted across the Group, comprising four Presidents, 14 Executive Vice Presidents, 25 Senior Vice-Presidents and 176 Vice Presidents. Approximately 30 percent of these promotions are within R&D and technology sectors.

Manfred Harrer has been promoted to President and Head of the R&D Division. Since joining in 2024, Harrer has managed vehicle development. His new role focuses on SDV competitiveness and development projects.

Juncheul Jung is promoted to President. Jung currently manages the Manufacturing Solutions and Procurement Divisions. His remit involves the Group's Software-Defined Factory (SDF) approach and the integration of robotics into production systems.

Yeong Il Choi becomes Executive Vice President and Head of Domestic Production. Choi also takes the role of Chief Safety Officer (CSO) for production facilities in South Korea.

The company also announced revamping leadership positions in its regional business, where it has appointed Seung Kyu Yoon as President of Kia North America Operations, Bo-Ryong Lee as President and CEO of Hyundai Steel Operations, Gang Hyun Seo as Head of Corporate Planning, Affiliate Business Optimisation, Sungwon Jee as Executive Vice-President, Hyundai Brand Marketing and Yongseok Shin as Executive Vice-President of HMG Business Intelligence Institute.

Hyundai Motor Group has internalised technologies including the 'Pleos Connect' infotainment system and 'Atria AI' for autonomous driving. Appointments in engineering include Jeonghun Seo in Battery Engineering and Duckhwan Kim in Hydrogen and Fuel Cell Engineering.

Jaehoon Chang, Vice Chair, continues to oversee the direction for mobility, hydrogen energy and robotics. Within the financial sector, Chang Hyun Cho (Hyundai Card) and Si Woo Jeon (Hyundai Commercial) have been promoted to Executive Vice-President.

"The appointments are intended to strengthen organisational resilience and expand the leadership pipeline across functions. In addition, the appointments reflect the Group’s commitment to turning global uncertainties into opportunities for renewal and growth. It will continue to advance bold leadership transformation and secure strong competitiveness in the SDV era," the company said.

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Maruti Suzuki India has attained a production milestone of 3.5 million units for the popular hatchback the WagonR.

The model, which spans three generations, was first launched in India in December 1999 and is currently manufactured at the company's facilities in Gurgaon and Manesar, Haryana.

The WagonR joins the Alto and Swift as models within the Maruti Suzuki portfolio to reach this volume. Globally, the Suzuki WagonR was first introduced in Japan in September 1993 and is now sold in over 75 countries. In August 2025, the model reached 100 million units in cumulative global sales.

The current WagonR is built on the fifth-generation Heartect platform. Standard safety features include six airbags, Anti-lock Braking System (ABS) with Electronic Brakeforce Distribution (EBD) and Electronic Stability Program (ESP).

On the inside, it comes with a 7-inch touchscreen infotainment system. Connectivity via Apple CarPlay and Android Auto. Bluetooth and voice command functionality.

The vehicle has been the highest-selling car in India for the previous four financial years.

Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki India, said, “This achievement is not just a production milestone, but reflects the enduring love and confidence that generations of customers have shown towards brand WagonR. It is rare for a vehicle to receive such acceptance even after 25 years since its launch. The WagonR kept evolving with the introduction of new technology and features over time, while retaining its original DNA. The WagonR has been highly appreciated for aspects like its iconic tall-boy design, spacious interiors and fuel efficiency, which aptly reflect our customers’ needs and expectations. We are deeply grateful for their continued support and remain committed to providing ‘Joy of Mobility’ for generations to come.”

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