Ola steps into the used car market in India and will expand its business to 100 cities till next year

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OLA

Ola steps into the used car market Ola India has recently announced the launch of Ola Cars, a new platform app for buying and selling vehicles. It will be easy to buy and sell used cars through this Ola app.

Ola, the country's leading cab provider, has announced the launch of Ola Cars, a new platform for buying and selling vehicles. It will be easy to buy and sell used cars through this Ola app. The company will initially cater to the sales of used cars in the market, and later new cars will also be included in it. Ola Cars will include services ranging from vehicle finance and insurance, registration, maintenance to vehicle health diagnostics and service, accessories, and resale of vehicles to Ola Cars. This service has been started in 30 cities. Ola has promised to expand this to over 100 cities by next year.

Ola cars will start with pre-owned and with time, Ola will also open it up to new vehicles from Ola Electric and other automotive brands. The company also plans to launch new verticals for the retail sale of used two-wheelers under this brand. The company also announced the appointment of Arun Sirdeshmukh as Chief Executive Officer of Ola Cars. Sirdeshmukh has over 30 years of experience in the consumer internet, FMCG, retail, and fashion industries, including Amazon India, Reliance Trends, and IBM Global Services.

In a press note, the company clarified that Ola Cars is part of its larger vision of 'New Mobility', which includes three key pillars - expansion of new mobility services from 150 to 500 cities and from 100 million people to 500 million people. increasing reach; New energy vehicles with EVs in existing and new vehicle form factors, and improving the life cycle of vehicle ownership for the customer in new auto retail.

Arun Sirdeshmukh said that with Ola Cars, we are completely re-imagining not only buying and selling but also vehicle finance, insurance, as well as maintenance, thereby giving our customers an end-to-end digital-first experience. be received. Ola Cars CEO said, “We plan to aggressively expand in India and international markets over the next few months and also plan to launch new verticals in this business including old 2W and new vehicles.