India has close to 60 million small business owners who run kirana stores, salons, apparel shops, bakeries, chemists, dry cleaning units. Financial needs of insurance and loans are largely underserved in this big segment

Along with the collaboration with Myles, the company also announced steps to provide more convenience to customers with the introduction of shorter subscription periods of 12 and 18 months, TKM said in a statement

Self-driven cars companies like Revv, Zoomcar and Myles allow the luxury of a holiday trip. Some even offer 24x7 road-side assistance, making the experience less stressful.

According to a report by research and information company Ken Research, the car rental market in India will exceed Rs 800 billion by 2019.