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Nissan and Ola enter into strategic partnership for India's first cab leasing program

Nissan and Ola enter into strategic partnership for India's first cab leasing program
Nikhil Puthran Nikhil Puthran Tuesday 03 November 2015, 17:54 PM

The Ola mobile app by Ola Fleet Technology Pvt Ltd has been steadily gaining popularity among the Indian masses. Moving ahead in a positive direction, Ola has announced first of its kind strategic partnership with Nissan Motor India Pvt Ltd. The program allows driver-partners to purchase vehicles from both Datsun and Nissan brands. More such partnerships with leading manufacturers shall be rolled out soon to enable Ola to add over 100,000 vehicles on its platform through its cab-leasing unit by end of 2016. This would indeed help to create immense entrepreneurial opportunities for drivers, who can now take a cab on lease and work like entrepreneurs with Ola.

Speaking more on the occasion, Rahul Maroli, Vice President, Strategic Supply Initiatives at Ola said, “We are excited about our partnership with Nissan, which is growing as one of the preferred brands amongst cab drivers in the country. Through this partnership, Ola's subsidiary will make available best in class vehicles to Ola driver partners, creating employment and subsequently entrepreneurial opportunities for hundreds of thousands of them. We are excited about working with Nissan, known for its cutting edge technology and look forward to more such partnerships in the coming months, to creating mobility options customized for the Indian market."

Adding to this Arun Malhotra, Managing Director, Nissan Motor India said, “The growth in the cab industry has been remarkable in the past couple of years in India and Ola, has revolutionized this space, impacting millions of customers and driver partners. Nissan has a strong presence in the fleet segment globally and in India, we see great potential. Our flagship models from both Nissan and Datsun brands are well equipped to cater to the fleet segment offering the much sought after features like space and fuel efficiency. We expect this partnership to further contribute to the growing personal transportation ecosystem in India.”

The cab-leasing program offers flexibility for drivers to lease a car for a minimal initial deposit and monthly lease rentals that will also include routine maintenance of the vehicle, as against high down payments and monthly instalments for a loan. This gives drivers the flexibility of not having to seek any loan or financing of their own and an opportunity to become the owner of the car after a period of 3 years,while giving them instant access to a stable income on the Ola platform.

 

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