Ola unveils ‘Ola Cars’ for vehicle buying, here’s how new platform will work


New Delhi: Ride-hailing platform Ola on Thursday introduced the launch of its car commerce platform that may allow prospects to purchase new and pre-owned autos by means of the Ola app. The Bengaluru-based firm can also be scaling the attain of the platform ? Ola Cars – to 100 cities by subsequent yr.

“Ola Cars will begin with pre-owned and, over time, Ola will open it up for new vehicles from Ola Electric and other automotive brands as well…Starting with 30 cities, Ola Cars will soon scale up to over 100 cities by next year,” it mentioned in an announcement on Thursday.

Ola Cars will provide a bouquet of providers to prospects, starting with buy, car finance and insurance coverage, registration, upkeep, together with car well being diagnostics and repair, equipment and eventually, resale of the car again to Ola Cars, the assertion added. 

“It will be a one-stop-shop for customers looking at hassle-free buying, selling and managing their cars,” it added. (Also Read: Bank of Baroda slashes rate of interest on residence loans: Check and examine newest price with SBI, LIC)

Ola Cars will compete with gamers like Droom, CarDekho and Cars24, amongst others.

The firm has additionally introduced the appointment of former Amazon India and Reliance Trends govt Arun Sirdeshmukh as Chief Executive Officer of Ola Cars.

He brings greater than 30 years of expertise within the shopper web, FMCG, retail and style industries. He will oversee your complete gross sales and distribution, service, advertising and marketing, buyer assist, and go-to-market technique for the enterprise.

In August, Ola Electric unveiled its Ola S1 electrical scooter in two variants — S1 and S1 Pro.

Ola founder and CEO Bhavish Aggarwal mentioned prospects are in search of a brand new method to purchase, service and promote their autos. (Also Read: Alia Bhatt invests in IIT-Kanpur backed startup, verify different startups backed by actor)

“They are no longer satisfied with the archaic retail store mode. They want more transparency and a digital experience. With Ola Cars, we are bringing a completely new experience for buying, selling and overall ownership for both new and owned vehicles,” he added.

Sirdeshmukh mentioned with Ola Cars, the corporate is totally reimagining not simply shopping for and promoting but in addition car finance, insurance coverage, in addition to upkeep – end-to-end digital-first expertise for patrons.

“We have plans to develop aggressively over the subsequent few months throughout India and worldwide markets and likewise launch new verticals on this enterprise, together with pre-owned two-wheelers and new autos,? he mentioned.

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