Uber’s biggest rival in India, Ola may have cracked a way to lure more drivers to join its cab-hailing platform.
SEE ALSO:Uber finally gets its big automotive partner: ToyotaOla announced today that it has entered into a strategic alliance with Mahindra, one of India’s largest automakers, to make it easier and more affordable for its drivers to buy a car.As part of the partnership, Ola’s driver partners will be offered Mahindra-Olapackage, which would let them purchase Mahindra cars at special prices, avail discounted loans at zero down payment, insurance premiums at subsidized cost, and comprehensive maintenance packages. The two companies believe the deal would generate revenues to the tune of $400 million over the next two years via vehicle sales and financing.The announcement comes as competition in India's cab aggregation market heats up, which is valued at $12 billion. Both Ola and Uber are trying to get more drivers to sign up for their platforms and become exclusive partners."To me, this is an important strategic alliance for the Mahindra Group, one that I believe will change the contours of our industry, while giving us the first mover advantage in the fast growing Sharing Economy of India," said Anand Mahindra, Chairman, Mahindra Group."As part of the strategic alliance between the two companies, we have created a unique solution to help tens of thousands of aspiring driver-entrepreneurs realize their dreams," Bhavish Aggarwal, co-founder and CEO of Ola said.Last year, Ola partnered with Nissan Motor India to buy and lend cars to its drivers. Uber interestingly hasn’t made any similar moves in India just yet though it has a global partnership with Toyota for leasing cars.Lyft, one of Uber’s chief rivals in the U.S. market also has a similar partnership with Volkswagen and General Motors.
TopicsUber
(责任编辑：娛樂)
5 people Tim Cook calls for advice on running the biggest company in the worldUK officials lay down new drone rules for amateur usersElon Musk is so worried about the threat of AI, he wants government to regulate itAll the times Trump has refused to acknowledge Russia hacked the U.S.How Hyperloop One went off the railsDramatic photo captures nun texting friends after Italy earthquake
The image of an injured, bloodied nun, calmly texting friends and family in the wake of the deadly e
...[详细]It is Hobby Lobby's duty to rebuild Nergal’s ancient Irkalla Gate
FROM: Green, DavidTO: Hobby Lobby Store ManagersSUBJ: We Are Restructuring Our Mission Statement (an
...[详细]Where’s Superman in that ‘Justice League’ trailer?
The 。 Justice League
。Comic-Con trailer makes a big deal out of uniting the DC superheroes. But it doe
...[详细]9 awful things Sean Spicer was cool with, but his new boss? Nope, nope, nope
Sean Spicer is gone.Not like dead-gone just quit-his-job-gone. But in the vacuum left by his exit, w
...[详细]Xiaomi accused of copying again, this time by Jawbone
Imitation is not always the best form of flattery.
。 SEE ALSO:Xiaomi's MacBook Air clone is called, w
...[详细]Spotify is testing out a new driving mode, some users say
Spotify may be testing out driving features that could make listening on the road a whole lot easier
...[详细]'Game of Thrones' Season 7 premiere photos are here
The Game of Thrones premiere is almost here -- we're talking days, people! -- and HBO has released a
...[详细]Kevin Durant welcomed Nick Young to the Warriors with a perfect tweet
Nick Young spawned one of the most legendary lowlights in NBA history back in 2014 when he preemptiv
...[详细]Major earthquake and multiple aftershocks rock central Italy
UPDATE: Aug. 25, 2016, 8:22 a.m. BST。 Death toll is now at least 247 dead: 190 in Rieti province and
...[详细]Someone should maybe check on German Chancellor Angela Merkel's eyeballs, because we're afraid they
...[详细]