The India car rental market was valued at USD 3.10 Billion in 2025. The industry is expected to grow at a CAGR of 12.60% during the forecast period of 2026-2035 to attain a valuation of USD 10.16 Billion by 2035.
Base Year
Historical Period
Forecast Period
As per the Ministry of Tourism in India, in 2022, foreign tourist arrivals (FTAs) in India increased to 6.44 million.
In 2022, foreign exchange earnings from tourism were estimated to be US $ 17.611 billion by the Ministry of Tourism.
As of 2022, India received 1,731.1 million domestic tourist visits, an increase of 155.45 % from 677.63 million in 2021.
Compound Annual Growth Rate
12.6%
Value in USD Billion
2026-2035
*this image is indicative*
The boost in the India car rental market comes from SUVs as a leading choice among customers seeking versatility and spaciousness.
Economy/budget car rentals are tailored for budget-conscious individuals seeking practical transportation solutions for everyday or short-distance travel. These options offer fuel-efficient vehicles with essential amenities, providing reliable and economical choices for students, families, or those on a tight budget. They prioritize affordability and easy access. They have modest features but provide essential convenience for everyday travel needs.
In February 2024, Savaari Car Rentals Private Limited and MakeMyTrip, an Indian online travel company, forged a partnership to expand the road travel network. MakeMyTrip had acquired a majority stake in Savaari Car Rentals, initiating the company's transformative venture into the unorganized and fragmented inter-city cab rental market. This strategic move was anticipated to facilitate the company's penetration into previously untouched regions of the country, particularly tier 2 and tier 3 cities.
SUV rentals appeal to customers seeking outdoor adventures, versatility, and spaciousness in their rental cars. These rentals offer cargo space, comfortable seating, and diverse models that are suited for numerous travel scenarios and terrains. Ideal for various travel scenarios, SUVs provide reliability, performance, and flexibility in rental experiences.
India Car Rental Market Report and Forecast 2026-2035 offers a detailed analysis of the market based on the following segments:
Market Breakup by Booking Type
Market Breakup by Rental Length Type
Market Breakup by Application Type
Market Breakup by Vehicle Type
Market Breakup by Region
Leisure and tourism lead the India car rental market since travellers rent cars to explore tourist destinations, go on road trips and visit historical sites. Car rental companies let tourists pace out their travel plans with flexibility, convenience, and autonomy. In the domestic region car rental companies offer leisure travellers many options like SUVs, MUVs, and budget cars to choose from.
The car rental industry in India adopts online platforms, self-drive choices, electric vehicle integration, AI technology, customer-focused services, corporate rentals, regional expansion, partnerships, safety protocols, and regulatory adjustments, highlighting its evolving dynamics and robust growth.
Mergers, acquisitions, and rising investment in technological innovation and digital infrastructure help major market players expand their outreach.
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The market is projected to grow at a CAGR of 12.60% between 2026 and 2035.
The car rental market is categorised according to booking type, which includes online modes of booking and offline modes of booking.
The car rental market key players are Avia Budget Group Inc., ORIX Corporation (MyChoize), Eco Mobility, Myles Automotive Technologies Private Limited, ANI Technologies Private Limited (Ola), Carzonrent India Private Limited, Zoom Cars Ltd., Pluto Travels India Pvt. Ltd., DriveEazy India Private Limited, and Girnar Software Private Limited, among others.
Based on the end use, the market is divided into leisure/tourism and business.
The market is broken down into luxury/premium cars, economy/budget cars, SUVs and MUVs.
The market is broken down into North India, East and Central India, West India, and South India.
In 2025, the market attained a value of nearly USD 3.10 Billion.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach about USD 10.16 Billion by 2035.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Booking Type |
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| Breakup by Rental Length Type |
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| Breakup by Application Type |
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| Breakup by Vehicle Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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