Sikhar fleet partners with MBSI to boost vehicle leasing in India

Sikhar Fleet and Moto Business Service India (MBSI), a Yamaha Motor Co. subsidiary, have announced a partnership to develop a structured vehicle leasing ecosystem in India. The announcement was made on May 13, 2026, in New Delhi. The collaboration aims to serve ride-hailing platforms, gig economy drivers, and institutional fleet operators by offering structured leasing and asset management services.

Key Highlights

• Sikhar Fleet and MBSI announce partnership for structured vehicle leasing in India
• Initiative targets ride-hailing platforms' gig economy drivers and institutional fleet operators
• Sikhar Fleet plans to expand from 100 to over 1000 vehicles in 12 months
• MBSI offers leasing across ICE EV and CNG vehicle categories
• Partnership aims to improve driver income and promote sustainable mobility

Partnership Details and Objectives

The partnership combines Sikhar Fleet's operational expertise with MBSI's strengths in vehicle leasing, asset management, and financial services. The goal is to address gaps in India's vehicle leasing sector by introducing standardized financial frameworks and technology-driven solutions. Both companies aim to provide transparent leasing terms, low upfront costs, and fixed payment structures for drivers and fleet operators.

Dharampal Jadoun, Co-Founder at Sikhar Fleet, stated that the partnership focuses on helping drivers earn more with clarity and stability. By reducing hidden costs and ensuring better vehicle uptime and support, the initiative seeks to improve driver take-home income. Drivers will benefit from transparent terms, allowing them to start earning quickly and grow their businesses with confidence.

Expansion Plans and Sustainability Focus

Sikhar Fleet currently operates over 100 cabs and plans to scale its fleet to more than 1,000 vehicles within the next 12 months. The company will focus on expanding its electric vehicle offerings as part of this growth strategy. MBSI, established in March 2021, leases two-, three-, and four-wheeled vehicles across internal combustion engine (ICE), electric vehicle (EV), and compressed natural gas (CNG) categories. MBSI serves a range of mobility service operators, including those in taxis, logistics, last-mile delivery, and employee transportation.

Kobayashi Masaharu, CEO and Managing Director of MBSI, emphasized the importance of sustainability in transportation. He highlighted the deployment of Tata Express-T CNG vehicles as a significant step toward cleaner technology and improved quality of life. The initiative aims to provide easy access to mobility solutions and support employment opportunities in communities across India.

Industry Context

The partnership addresses the need for formalized vehicle leasing in India's growing mobility sector. By leveraging technology and standardized processes, Sikhar Fleet and MBSI aim to support drivers, fleet operators, and mobility platforms with reliable and transparent leasing options. The companies expect these efforts to contribute to the sector's growth and the adoption of sustainable transportation solutions.

CarBike 360 Says

The collaboration between Sikhar Fleet and MBSI marks a significant step toward strengthening India’s mobility ecosystem through scalable leasing solutions. By combining operational expertise with financial backing, the partnership is poised to address rising demand for flexible vehicle ownership. As mobility needs evolve, such alliances will play a crucial role in shaping efficient and sustainable transportation models across the country.