Ola to add more than 5000 CNG Cabs on its platform in the next one week

New Delhi, March 17, 2016: Ola, India’s leading mobile app for transportation is planning to expand its fleet of CNG cabs in Delhi by adding more than 5000 CNG cabs in the next one week. For the same, the Company has brought together car manufacturers, banks & financiers and valuation platforms to enable heavy discounts, attractive loan offers and on spot valuation and exchange. Drivers across Delhi NCR stand to benefit from savings of up to INR 1,50,000 on exchanging their old diesel vehicles for a new CNG one. This is the largest amongst a series of programs rolled out by Ola to encourage CNG adoption in Delhi NCR. Currently, there are more than 20,000 CNG cabs registered on the Ola platform in Delhi NCR and by the next week; Company intends to ramp it up by at least 25%. Ola also plans to invest INR 200 crore for CNG adoption in Delhi NCR.

According to Pranay Jivrajka, COO @ Ola – "Ola is bringing a great opportunity for driver partners across Delhi NCR to benefit from heavy discounts on new CNG vehicles, optimum on-spot valuation & exchange and a lot more. Through this mega event, we intend adding 5000 new CNG vehicles on our platform in the region, which would in turn contribute to a clean and green Delhi NCR.” Pranay further added, “Ola has rolled out to a number of programs that help driver partners take the first step towards entrepreneurship by bringing the best deals for them through backward integration with car manufacturers, banking and financial institutions and other ecosystem partners.

Ola has partnered with dealers of leading car manufacturers including Maruti, Tata, Hyundai, Chevrolet, Nissan amongst others. The Company has also on-boarded banking and financial institutions including State Bank of India, IDBI, Shri Ram Finance amongst others. For optimum valuations and on-spot exchange, Ola has also forged tie-ups with leading vehicle valuation and exchange platforms.