Ola to add CNG cabs fleet, to invest Rs 200 crore for cabs in Delhi-NCR

Mobile app for transportation Ola is all se to expand its fleet of CNG cabs in Delhi by adding more than 5000 cabs in the span of next one week to invest around Rs. 200 crore in the Delhi-NCR.

The company has brought together car manufacturers, banks and financiers and valuation platforms to enable heavy discounts, attractive loan offers and on spot valuation and exchange.

"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 and 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," said COO Ola Pranay Jivrajka.

"We have 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," Pranay further added.

The taxi aggregator has partnered with dealers of leading car manufacturers including Maruti, Tata, Hyundai, Chevrolet, Nissan amongst others.

It has also on-boarded banking and financial institutions including State Bank of India, IDBI, Shri Ram Finance amongst others.

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.

Earlier in August 2015, Ola had organized 'Ola Green Pragati Week' to bring together thousands of driver-partners as well as financing and car manufacturer partners under one roof. Under this initiative, Ola enabled drivers in the city to purchase a new CNG car with benefits of up to Rs 100,000.

It also partnered with Indian Oil to enable fuelling cash-back for drivers across India; also rolled out an extensive driver outreach program for CNG adoption in Delhi in September 2015.

Ola announced a first of its kind partnership with Indian Oil Corporation Limited (IOCL) to offer cash backs to all its drivers on fueling up their vehicles at Indian Oil fuel stations across the country.

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