Expect automotive leasing in India to account for up to 8 pc of total sales in 5-8 yrs: ORIX

ORIX Corporation India Ltd anticipates the automobile leasing market in India to rise to 7-8% of total vehicle sales in the next 5-7 years. Younger professionals' rental preferences and increased travel contribute to this trend, with the company's profits expected to surge by 30-35% this fiscal year.