New Delhi: 15.05.2026: Sikhar Fleet, a leading mobility solutions provider, has announced a strategic partnership with Moto Business Service India (MBSI), a Yamaha Motor subsidiary, to build a scalable and structured vehicle leasing ecosystem in India. The collaboration brings together Sikhar Fleet on-ground operational expertise and MBSI’s global capabilities in vehicle leasing, asset management, and financial services, with the aim of addressing long-standing challenges in India’s vehicle leasing sector.
The partnership focuses on transforming the shared mobility and driver leasing landscape by introducing globally benchmarked practices, stronger financial frameworks, and technology-driven solutions. This India-first, segment-focused initiative seeks to create a more reliable and transparent ecosystem that supports driver-partners, strengthens fleet operators, and improves efficiency across the mobility value chain. As an India-focused initiative, the collaboration is designed to cater to the evolving needs of ride-hailing platforms, mobility aggregators, gig economy drivers, and institutional fleet operators.
Dharampal Jadoun, Co-Founder at Sikhar Fleet said “This partnership is focused on helping drivers earn more with clarity and stability. By offering vehicles on transparent leasing terms, low upfront cost, and fixed payment structures, drivers will know exactly what they earn and what they pay. Our aim is to improve driver take-home income by reducing hidden costs and ensuring better vehicle uptime and support. With this model, a driver can start earning quickly and grow with confidence, instead of dealing with uncertain and informal rental systems.”
Kobayashi Masaharu, CEO and Managing Director of MBSI, said, “At MBSI, we believe that sustainability is the only path to a successful future for transportation. Our partnership with Sikhar Fleet and the deployment of Tata Express-T CNG vehicles marks a significant step in this journey. This initiative isn’t just about cleaner technology; it’s about improving the quality of life of people across India by providing easy access to mobility solutions and supporting meaningful employment opportunities in the communities we serve.”
ABOUT SIKHAR FLEET
Sikhar Fleet is a mobility solutions company offering Vehicle-as-a-Service (VaaS), enabling drivers and businesses to access fully managed vehicles without the need for ownership. The company currently operates 100+ cabs and is rapidly expanding across key urban markets.
Through its VaaS model, Sikhar Fleet provides ready-to-drive vehicles with transparent leasing, maintenance, insurance, and operational support, allowing driver-partners to focus on maximizing their earnings while minimizing upfront investment and financial risk.
With a strong focus on driver income stability, high vehicle uptime, and efficient fleet operations, Sikhar Fleet serves ride-hailing, corporate mobility, and urban logistics segments. The company plans to scale to 1,000+ vehicles over the next 12 months, with a growing emphasis on electric vehicles.
About MBSI: Moto Business Service India Private Limited (MBSI) was established in March 2021. Its shareholders include Yamaha Motor Co., Ltd, Japan, and Yamaha Motor Biz Partner Co., Ltd, Japan. MBSI operates as a prominent mobility solutions company, specializing in asset management and services, with a strategic focus on expanding mobility service businesses throughout the country. Functioning primarily as an asset management entity, MBSI leases 2 wheelers, 3 wheelers and 4 wheelers ( ICE, EV and CNG) to Mobility as a Service (MaaS) operators, enabling vehicle sharing across diverse sectors such as rentals, taxis, logistics, last mile delivery, employee transportation and more.Through its operations, MBSI not only facilitates these services but also plays a significant role in creating job opportunities. This contribution aligns with the company’s broader goal of enhancing the overall standard of living for people across India.
