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Understanding the Value of Corporate Cars for Businesses

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In the challenging world of business, corporate cab services are no longer just a means of transportation. They can also play a significant role in creating the right impression for your business. Let us understand how in the article below:

 

The importance of corporate cabs in day-to-day business operations can not be overstated. These vehicles serve a purpose that is beyond mere transportation. They also help shape the perception of a company, its employees as well as their professionalism.

 

Utilising corporate car rental services also serves as a tangible way of representing a company alongside:

 

  • Establishing brand identity
  • Characterising the employees’ integrity
  • Exhibiting company values
  • Marketing the brand, and
  • Instilling confidence in major stakeholders

 

As such, they are responsible for creating a lasting impression on the clients, partners, and investors. 

Additionally, they play a crucial role in enhancing the mobility of the employees travelling for work, facilitating seamless business trips. Their practical advantage thus ensures that company executives are effectively able to manage their schedules. Hence, by recognising the multifaceted potential of business cabs, companies can enhance their reputation and stand apart from the competition.


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Let us understand their advantages in detail:

 

Advantages of Providing Corporate Cab Service to Employees:

 

Here are the key benefits of using these cars for work trips in the competitive world of business travel:

 

  1. Enhancing Professional Image:

    Opting for corporate taxi services can enhance the company's professional image. When business travellers are organised and arrive professionally at corporate events and meetings, it creates an impression of reliability and professionalism. This boosts the company’s image and leaves a lasting impression on the clients.

     
  2. Increasing the Productivity of the Employees:

    When employees travel efficiently and conveniently, it directly impacts their productivity. By allowing business travellers to choose corporate transportation services, companies can ensure that their employees not only arrive on time but also skip the stress of delayed transits. This, in turn, enables them to optimise their working hours with enhanced productivity.

     
  3. Inexpensive Travel Solutions:

    Many companies shy away from opting for monthly cabs because it seems to be a significant expense. However, corporate car rental in India can be cost-effective, especially in the long run. By opting for car rental services or leases, businesses can enjoy discounted rates and offers, thus increasing savings.

     
  4. Increasing Employees’ Flexibility:

    Corporate car rental in Mumbai or any other metropolitan city enables convenient access to employees travelling for meetings or events. It removes their dependence on public transportation or the stress of getting stuck in traffic and parking hassles. They, therefore, enjoy greater flexibility to schedule client appointments or even line up multiple meet and greets in a day. This enhanced accessibility further serves to increase business operations and growth.

     
  5. Scaling Employees’ Satisfaction:

    With easy pick-and-drop facilities, companies can not only attract but also retain the top talents in the industry. Businesses choosing corporate cab services in Chennai and other business hubs can attest to a company’s dedication towards employees’ well-being. It is an investment towards the employees’ comfort and convenience that can make them feel valued while differentiating the company from its competitors, thereby increasing employee loyalty.

     


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Selecting the Right Corporate Car Rental Service:

 

When it comes to selecting the right corporate cab services for your business, here are the primary considerations one needs to be mindful of:

 

  1. Business Needs and Objectives-

    Analyse the commuting patterns of your employees along with their travel requirements. One must also consider the frequency of the business travellers’ visit to the clients, partners, and investors to arrive at the right decision.

     
  2. Budget Considerations-

    Acquiring corporate cab services in Hyderabad and other such business hubs in India requires budgetary considerations by the company for the leasing or acquisition costs.

     
  3. Evaluating Options Available-

    Post the budget allocation, evaluate the different options available. For instance, depending on the needs of the company’s travellers, assess the availability of:

     

    • Outstation cabs
    • Airport cabs
    • Hourly rentals

     

    Tailor the options depending upon the employee’s role and requirement to align with their professional image. Furthermore, the security of the travellers must be given top priority alongside other important aspects like the vehicle’s fuel efficiency and environmental impact.

     

    While making these decisions, it might be wise to partner with a comprehensive business travel management solution like myBiz that offers corporate cab services in Pune, Bangalore, Delhi, Mumbai and more business hubs, along with serving every other travel needs of the employees. It meets the specific needs of the employees travelling to promote your business, like:

     

    • Complete safety with trained and expert drivers
    • Schedules pick up and drop services
    • Fast bookings
    • Easy tracking
    • On-time arrival 
    • End-to-end logistical management
    • 24/7 Support, among others.
     


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Frequently Asked Questions (FAQs) 

 

Q1. What is the meaning of corporate car?

Ans. Corporate cars refer to vehicles that belong to a company or another organisation. These cars are specifically used to fulfil work-related tasks and are often paid for by the employees’ company.

Q2. What is corporate car rental?

Ans. Corporate car rentals refer to renting cars for business purposes. Several companies rent cars, vans, and other vehicles for a range of reasons like employee’s travel, client transfers, deliveries, and more.

Q3. What is cab in GST?

Ans. The GST rate applicable on corporate car rental India are 5%. However, cab service providers can choose to pay GST at the rate of 12%. This amount can later be claimed as Input Tax Credit.

Q4. Who is eligible for corporate discount on car?

Ans. Corporate discounts are offered to attract employees working in large organisations. This is due to the potential of bulk orders. Hence, employees working for large conglomerates, PSUs, or MNCs should ask their suppliers for discount offers.


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