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  1. Ola Cabs to expand Delhi CNG fleet with 5,000 more cars

Ola Cabs to expand Delhi CNG fleet with 5,000 more cars

The online taxi aggregator Ola will expand its fleet of CNG cabs in Delhi by 25% in the next one week.

By: | Bangalore | Updated: April 16, 2016 8:41 AM
OLA, Ola cabs, ola app, ola delhi, Japan's Softbank Corp, japan softbank, business news, india news, nation news Currently, there are about 20,000 CNG cabs registered on the Ola platform in Delhi NCR and by next week the company intends to ramp it up for CNG adoption in the region. (Reuters)

The online taxi aggregator Ola will expand its fleet of CNG cabs in Delhi by 25% in the next one week. It intends to add around 5,000 cabs in the next one week at an investment of Rs 200 crore, the company announced on Friday.
Currently, there are about 20,000 CNG cabs registered on the Ola platform in Delhi NCR and by next week the company intends to ramp it up for CNG adoption in the region.

Commenting on the development, Pranay Jivrajka, COO at Ola said: “Ola is bringing an 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 to add 5,000 new CNG vehicles on our platform in the region, which would in turn contribute to a clean and green Delhi NCR.”

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, the company said.

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