Ola teams up with Shriram Groups to exchange and finance CNG cars

By | October 5, 2015
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Ola, the taxi-hailing app has teamed up with Shriram Automall India and Shriram Transport Finance Company to allow exchange of diesel cars and financing for CNG cars in the city.



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Further to the new partnership deal, drivers will benefit from efficient exchange mechanism and optimum price advisory for their old cars through Shriram Automall and attractive finance schemes with convenient repayment options from Shriram Transport Finance Company. With Ola’s old existing partnerships with top car manufacturers like Maruti, Hyundai, Mahindra and Toyota, the whole process of selling and buying a new car seems to be done with ease for drivers. Lot of drivers are expected to be benefited through this scheme in the coming months.



Till date, Softbank funded company has more than 25,000 cabs registered in Delhi. “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.

Pranay Jivrajka, Chief Operating Officer from Ola said, “We are committed to ensuring CNG adoption on our platform in the state of Delhi. Over the past few months we have come up with various initiatives to increase the number of CNG vehicles on our platform, to ensure consumers have access to mobility within minutes at all times. 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. We urge citizens and driver-entrepreneurs in the city to continue their commitment towards a cleaner and greener Delhi, as we bring together more such partnerships benefitting drivers and users alike.”
Sameer Malhotra, Chief Operating Officer from Shriram Automall India Limited, said, “We are happy to be associated with Ola in enabling drivers of Delhi to adopt CNG. We are creating a marketplace for old diesel vehicles through our transparent and dedicated disposal platforms (i.e., Physical & Online Bidding, Private Treaty & Onestop Classified Kiosk) which will enable drivers to dispose their vehicles with ease and derive fair deals. We also strive to make available optimum price advisory for their existing vehicles as well as expedite attractive financing options through Shriram Transport Finance Company allowing them to immediately purchase new CNG vehicle(s). Ola’s cutting edge technology and focus on the ecosystem to promote CNG adoption in the state of Delhi is indeed commendable.”