ISLAMABAD: Islamabad’s car rental business shows good growth. The industry is now booming due to the growing tourism and business travel.
Various types of vehicles satisfy the different needs of customers. Economic cars are still very popular among the commuters of the city.
Automobiles such as the Toyota Corolla have an affordable initial cost of about Rs. 5,000 per day. Nonetheless, luxury SUVs and 4×4 cars attract high prices.
Such higher packages can be over Rs. 20,000 per day. The professional driver is provided in most bookings, which is convenient.
A great deal of this contemporary development is stimulated by technology. Using online platforms, it is much easier to book.
Leading Competitors
Hertz and Europcar are international companies that are now active in the local market. As a result, there is an increase in the efficiency of the market.
The mean that is charged daily on rent is approximately 19,420, which shows the variety of the fleet.
The market is challenged by inflation and an increase in fuel prices. Fares are also increased by vehicle maintenance.
Others have used a 25-30 per cent. rise in rental rates in two years. As such, clients prefer low-cost economy.
Experts in the industry have indicated further expansion because business and leisure travel are growing.
The industry continues to be an important part of the transport infrastructure in Islamabad.
Also Read: Budget-Friendly Cars Dominate Pakistan’s Auto Market
