Avis India is looking at doubling revenue to Rs700 crore in the next three years. New Delhi: Car rental firm Avis India plans to expand its fleet to up to 8,000 cars in the next three years, entailing investment of around Rs450 crore, as it looks to double revenues to Rs700 crore. We need to keep growing at twice the market rate and in the next three years after 2017 our aim is to have a revenue of Rs700 crore,” Avis India managing director and CEO Sunil Gupta told PTI. On the company’s expansion into new area of self-drive car rentals for customers in India while travelling abroad, he said it has been done keeping in mind the changing nature of Indian customers, who are now more willing to drive themselves. Indians travelling abroad can use Avis’ self-drive car rentals in over 168 countries, he added.

Source: Mint September 25, 2016 14:03 UTC