• Rajasthan

    Cong 99
    BJP 73
    RLM 3
    OTH 24
  • Madhya Pradesh

    Cong 114
    BJP 109
    BSP 2
    OTH 5
  • Chhattisgarh

    Cong 67
    BJP 15
    JCC 7
    OTH 0
  • Telangana

    TRS-AIMIM 95
    TDP-Cong 21
    BJP 1
    OTH 2
  • Mizoram

    MNF 26
    Cong 5
    BJP 1
    OTH 8

* Total Tally Reflects Leads + Wins

Ola partners Shriram Group for CNG car financing for drivers

By: | Published: October 4, 2015 1:18 PM

Taxi aggregator Ola has partnered with Shriram Automall India and Shriram Transport Finance Company (STFC) to enable exchange of diesel cars and financing for CNG cars in the city.

ola funding newsOla has been expanding the fleet of CNG vehicles on its platform following the crackdown on diesel taxis plying in the Capital after court orders.

Taxi aggregator Ola has partnered with Shriram Automall India and Shriram Transport Finance Company (STFC) to enable exchange of diesel cars and financing for CNG cars in the city.

Ola has been expanding the fleet of CNG vehicles on its platform following the crackdown on diesel taxis plying in the Capital after court orders.

The SoftBank-backed company has over 25,000 cabs registered in Delhi on its platform.

“Drivers will benefit from efficient exchange mechanism and optimum price advisory for their old cars through Shriram Automall as well as attractive finance schemes with convenient repayment options from Shriram Transport Finance Company,” Ola said in a statement.

The company expects thousands of drivers in Delhi to exchange their diesel vehicles for CNG vehicles over the next few months under this scheme, it added.

The Delhi High Court, in its July 29 order, said the court cannot remain a “bystander” while an online taxi aggregator “pollutes the city”.

Ola has tie-ups with car manufacturers like Maruti, Hyundai, Mahindra and Toyota for facilitating car purchases for its driver partners.

“We are committed to ensuring CNG adoption on our platform in Delhi. Over the past few months we have come up with various initiatives to increase the number of CNG vehicles on our platform,” Ola Chief Operating Officer Pranay Jivrajka said.

At the same time, these partnerships have gone a long way in protecting the interests and livelihoods of tens of thousands of driver entrepreneurs in the state, giving them the benefit of smooth transition on the platform, he added.

Earlier in August, Ola had announced the launch of ‘Ola Green Pragati Week’ through which it made available an opportunity for drivers in the city to purchase a new CNG car with benefits of up to Rs one lakh, including a discount of up to Rs 60,000 in partnership with dealers of manufacturers like Maruti, Hyundai and Tata Motors.

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