Business Categories
Car Rental Services

Myles Cars Franchise Cost – How to get, Contact, Apply, Fee

  • Area Req
    100 - 200 Sq.ft
  • Investment Range
    INR 5 Lakh - 10 Lakh
  • No. Of Franchise Outlets
    Less than 10

About brand - Myles Cars

Myles Franchise Overview

Myles is India's premier self-drive car rental service, revolutionizing the way people use cars. The company is already present across 21 cities with more than 250 convenient pick-up locations and offers a diverse fleet of over 38 car models, ranging from economical cars like the Mahindra e2o to luxury options like Mercedes. As demand for self-drive services grows, Myles aims to expand further, creating a nationwide network of 50,000 cars across 50 cities with over 5,000 locations in the coming years.

Key Features of Myles Franchise:

  • Expansive and Growing Network:
    • Myles currently operates across 21 cities, with plans to expand to 50 cities and over 5000 locations. This rapid growth offers substantial market opportunities for franchisees.
    • The aim is to make Myles cars available every 400 meters within urban areas, ensuring high accessibility for customers.
  • Wide Range of Car Models:
    • Franchisees can offer a diverse selection of cars, catering to a broad customer base—from those seeking affordable options like the Mahindra e2o to premium vehicles such as the Mercedes-Benz.
    • The wide variety ensures that Myles can cater to various customer needs, whether for short city drives or longer trips.
  • Technology-Driven Services:
    • Myles uses advanced telematics solutions, making it easy for customers to access cars through a centralized web and mobile platform.
    • The seamless integration of technology helps in providing a hassle-free, self-drive experience and enhances customer convenience.
  • Affordable Franchise Investment:
    • The cost of opening a Myles franchise ranges from 5 lakh to Rs. 10 lakh, making it an affordable option for entrepreneurs interested in entering the self-drive car rental space.
    • The investment covers setup costs, branding, and necessary resources to run the franchise smoothly.
  • High Growth Potential:
    • Myles has grown from a fleet of 14 cars to over 1,200 cars in just three years, indicating strong demand for self-drive services in India.
    • The company’s plan to expand to 50,000 cars across multiple cities highlights the significant opportunity for franchisees to benefit from the growing trend of self-drive rentals.
  • Flexibility and Convenience for Customers:
    • Myles provides greater flexibility, convenience, and affordability compared to traditional car ownership. This model appeals particularly to urban dwellers who prefer to pay only for car usage without the financial burden of owning a vehicle.
    • Myles caters to a wide range of customers, from tourists and business travelers to individuals who need a car for short durations.
  • Support and Training for Franchisees:
    • Myles offers comprehensive support to its franchisees, including training on operations, marketing, and customer service. Franchisees will also benefit from the established Myles brand reputation and an integrated platform for managing bookings and fleet.

Myles presents an exciting franchise opportunity with a low initial investment and high growth potential. The company’s innovative business model and rapid expansion plans make it an attractive option for entrepreneurs interested in the self-drive car rental industry. With a focus on technology, convenience, and flexibility, Myles is set to transform urban mobility in India.

Myles Cars Franchise Cost & Investment

Commenced Operations

Operations Commenced On 2013

Franchise Commenced On 2013

Franchise Details
Units

Investment INR 5lakh - 10lakh

Franchise/Brand Fee INR 000

Details

Anticipated percentage return on investment 25 %

Likely pay back period of capital for a Unit Franchise 1-2 Years

Other investment requirements -

Myles Cars Expansion Plans

North

Delhi, Haryana, Uttar Pradesh

South

Karnataka, Tamil Nadu, Telangana

East

- NA -

West

Rajasthan, Maharashtra

Central

- NA -

Union Territories

Chandigarh

 

Tags: Hotel, Travel & Tourism Business Franchise in Delhi   |   Hotel, Travel & Tourism Business Franchise in Haryana   |   Hotel, Travel & Tourism Business Franchise in Uttar Pradesh   |   Hotel, Travel & Tourism Business Franchise in Rajasthan   |   Hotel, Travel & Tourism Business Franchise in Maharashtra   |   Show more...

Myles Cars Franchise Requirements

Floor area requirement 100 - 200 Sq.ft

Preferred location of unit franchise outlet -

Myles Cars Franchise Training

Detailed operating manuals for franchisees Yes

Franchisee training location Head Office

Is field assistance available for franchisee ? Yes

Expert guidance from Head Office to franchisee in opening the franchise Yes

Current IT systems will be included in the franchise Yes

Myles Cars Franchise Agreement Details

Do you have a standard franchise agreement? Yes

How long is the franchise term for? 3 Years

Is the term renewable? Yes

Disclaimer: Franchise India is an integrated franchise solution company since 1999, and an absolute authority on franchising and licensing. FIHL (www.franchiseindia.com) and the site sponsors accept no liability for the accuracy of any information contained on this site or on other linked sites. We recommend you take advice from a lawyer, accountant and franchise consultant experienced in franchising before you commit yourself. It is user’s responsibility to satisfy yourself as to the accuracy and reliability of the information supplied. Please read the terms & conditions on Franchise India.

How to get Myles Cars Franchise

Franchise India stands as a premier platform offering a wide spectrum of franchise opportunities across diverse industries. Embarking on your entrepreneurial journey through a franchise presents a promising venture. To get information about Myles Cars franchise, you can fill up the application form provided on the website and get all the details viz. Myles Cars franchise fee, Myles Cars franchise cost, Myles Cars apply process and more.

Interested in Myles Cars Franchise? Apply here

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