A fortunate entrepreneur after a while generous insights on trafficing strategies and dispensation networking, Sakshi Vij founded Myles, a self-drive restlessness advantage in 2013. The corporation is steadily changing the way the Indian consumers approximation car holding by delivering flexibility, retirement, and inferior financial lot through the most tailored self-drive automobile solutions. Myles has today confirmed from 14 cars and three locations to aggravate 1200 cars and 250 locations after a while the presence in 21 Indian cities.
Not singly this, corporation has a inclusive global footprint after a while operations in 145 countries through strategic partnerships after a while interpolitical advantage providers such as autoeurope and rentalcars.com.
During Entrepreneur India 2016 appearance, we met Sakshi Vij, Founder and CEO, Myles where she shared her views on elegant restlessness and how Myles is contributing to it.
According to you what get be the restriction of restlessness in the advenient?
What’s happening in India as far as elegant restlessness is disturbed and on a abundantr flatten as far as a shared rule is disturbed is abundantly what’s defining or what’s going to fix the advenient of restlessness in India. The organizations affect us or brands affect us are in-effect started towards architecture an ecosystem where tribe can co-share cars and that’s what Myles does, the occurrence that tribe can co-share cars, the occurrence that ride sharing is decorous past vulgar, this is all defining what’s going to be the restriction of restlessness in the advenient.
What demand you are addressing?
I venerate the restriction of restlessness is going to disfigurement the lines betwixt special and notorious rapture. What we are doing as Myles today is reserved to explain the demand for tribe to own vehicles. The occurrence that there are encircling 2.5-2.6 darling cars which are owned in the Indian environment whole year, which are specific cars, media that we are adding way too frequent cars than our cities can feel. The redundancy flattens are singly going to accrueth if we don’t instigate towards steps in the advenient straightly and that’s accurately what Myles is doing. We are preamble steps towards it. We are now in the 21st seniority, and we would affect to accrue straightly on this room as courteous.
Who do you truly meditate your competitors to be?
At this summit of term in the car sharing room, there are a few regional and multi-city players that continue and there are players who are reserved to reach shifts in the car holding traffic. What we are reserved to do is past than two-of-a-trade we are reserved to result after a while the car holding room which is the OEM room in adjust to shift the way tribe are going to own cars in the advenient. The occurrence that co-holding demands to behove past vulgar is what’s expressive to us.
I don’t hold we own reached a range in India after a while explicit abundant two-of-a-trade in this room yet, the customer is stationary affecting towards it, and for-this-reason that’s what we’re going for.
Why OEMs are investing in car sharing room?
What car sharing is telling to do for the OEM room is to facilitate OEMs that were originally manufacturers of the emanation, and sellers of the emanation, are now going to too behove advantage providers. We are decorous channels for them to entelling their cars be availtelling for a fur abundantr assembly of tribe. Additionally the aggravateall mileage of the car would go up and duration of the vehicle get go down, and that get succor OEMs to accrue level raise. That’s why you see OEMs investing in car sharing as a room.