Ola Cars draws up growth plans to eye market leadership position of $2 Billion in GMV, to hire 10,000 people
- 5,000 vehicles sold on the platform in one month
- Started pre-owned vehicle sales in 7 cities – Delhi, Mumbai, Pune, Bengaluru, Chennai, Hyderabad, and Ahmedabad
- To expand this week to 4 more cities – Chandigarh, Jaipur, Kolkata, and Indore
Bengaluru, 21 October 2021: Ola, India’s largest mobility platform, plans to hire 10,000 new people, as it eyes a market leadership position with $2 Billion Gross Market Value for its vehicle commerce platform Ola Cars over the next 12 months. Ola Cars have already sold 5,000 pre-owned cars in its first full month of operation, the fastest growth achieved in this category for a new entrant.
In the middle of the ongoing festive season, Ola Cars have started pre-owned vehicle sales in Delhi, Mumbai, Pune, Bengaluru, Chennai, Hyderabad, and Ahmedabad and will also expand to Chandigarh, Jaipur, Kolkata, and Indore by end of this week, all through the Ola app, to provide customers a reimagined vehicle commerce experience.
Over the next two months, Ola Cars will be operational in 30 cities and expand to 100 cities by next year. As a digital-first platform, Ola Cars offers a dramatically better ownership experience superior to that of new car ownership, with innovations such as doorstep test drive, 7 days no questions asked return of a purchased vehicle.
Arun Sirdeshmukh, the CEO, Ola Cars, said, “With Ola Cars, we are redefining the entire car buying, ownership, and resale experience. Our ‘better than new’ buying experience is driving tremendous demand with over 5,000 cars already sold in our first full month of operation. We are rapidly expanding to 100 cities in the coming months and are adding 10,000 people across key areas including sales and service centers”.
As part of Ola Cars, Ola is also setting up service centers across the country to provide a dramatically better experience through advanced telematics, AI, and Vision-based systems that ensure high-quality repair work and advanced robotic paint shops will provide paintwork that will match OEM factory finish, as well as the promise of genuine auto parts.
As part of its longer-term plans, Ola will open this platform up for new vehicles from other automotive brands as well, providing them a seamless, trusted platform with unprecedented reach and understanding of consumers and their mobility needs.
Ola is India’s largest mobility platform. Ola revolutionized urban mobility by making it available on-demand for over a billion people across 3 continents. Today, Ola continues to move the world to sustainable mobility through its ride-hailing platform as well as through advanced electric vehicles manufactured at its Futurefactory, the largest, most advanced, and sustainable two-wheeler factory in the world. Ola also operates its new vehicle commerce platform with Ola Cars bringing seamless, digital buying, selling, and ownership of vehicles to consumers. Ola is dedicated to transitioning the world to sustainable mobility and making the world better than we found it.