Hertz India to invest big on expansion

Hertz India to invest big on expansion

Hertz India has announced their plans to invest Rs 1,000 crore over the next three years as they aim to expand in the Indian market.

They are now aiming to have a fleet size of 25,000 cars by 2011. This would be a ten time increase in the size of their fleet in India.

Hertz India Chief Executive Officer Rajiv K Vij spoke on these plans: “The car rental market in India is expanding exponentially and offers huge opportunities. To keep up with the growing demand from the market, we have earmarked Rs 1,000 crore to expand our fleet to 25,000 cars by 2011.”

He added: “Tourists now want to hire cars and travel without a driver as is prevalent in west. We are targeting such tourists and would open up 25 exclusive outlets specifically for this purpose.”