chennai global lease mobility player ald automotive has successfully completed the acquisition of 100 of leaseplan one of the worlds leading fleet management and mobility companies from a consortium led by tdr capital post acquisition the combined entity will boast a total fleet of 33 1 million vehicles managed worldwide following the completion of this acquisition ald automotive and leaseplan in india will begin the process of integrating into one company subject to regulatory approval to lead strategic development of the combined entity in india tim albertsen ceo of ald automotiveleaseplan has appointed suvajit karmakar previously gm of ald automotive in india as country md and asia subregional director overseeing business activities in malaysia and thailand effective immediatelythe acquisition will improve the entitys scale and presence in india said karmakar we now have a combined fleet of more than 38000 vehicles across india and this makes us the 1 mobility player in the country as a combined entity we will leverage our scale and complementary capabilities to strengthen our competitiveness given that fullservice leasing has now become a mainstream product and the market will grow substantially in the future he said