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Zoomcar targets atleast 30% rise in margins as it gets asset light

Zoomcar targets atleast 30% rise in margins as it gets asset light

Wednesday, March 15, 2017, 5:21 PM

Banking on an asset light model to increase net margins by 30-40%. Zoomcar, is planning to more than triple its fleet size this year and expand its presence across 30 cities. Currently, the company's fleet comprises of 3,000 cars across 17 cities of which it owns around 2,000 cars and hopes to take the total fleet size to 10,000 by the end of 2017.
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