Ola announces big foray into self-drive car rental business, aims for fleet of 20,000 by 2020
Ola said it plans to offer more flexibility to users by giving them freedom to design their own package, and control everything from the number of kilometres and hours, to fuel inclusion
- Oct 17, 2019,
- Updated Oct 17, 2019 9:41 PM IST
India's largest cab aggregator Ola on Thursday announced its big foray into self-drive car rental business where it intends to disrupt the market and host a fleet of 20,000 cars by next year. The company said this would be more than 50 per cent of the fleet size of the entire industry put together.
Currently the self-drive car rental segment is dominated by the likes of Zoomcar, Revv, Drivezy, Avis, Voler and Myles. Zoomcar with a fleet of over 10,000 cars is the biggest in the business. According to a report by Statista, the revenue generated from car rental business in India was over $250 million in 2018 and is expected to grow at a rate of 14.3 per cent to $570 million in 2023. It also said the number of users at present for car rentals is approximately 12 million in 2018 and that number is expected to grow to over 16 million by 2023.
Mahindra SUVs now available on monthly subscription of Rs 19,720
India's largest cab aggregator Ola on Thursday announced its big foray into self-drive car rental business where it intends to disrupt the market and host a fleet of 20,000 cars by next year. The company said this would be more than 50 per cent of the fleet size of the entire industry put together.
Currently the self-drive car rental segment is dominated by the likes of Zoomcar, Revv, Drivezy, Avis, Voler and Myles. Zoomcar with a fleet of over 10,000 cars is the biggest in the business. According to a report by Statista, the revenue generated from car rental business in India was over $250 million in 2018 and is expected to grow at a rate of 14.3 per cent to $570 million in 2023. It also said the number of users at present for car rentals is approximately 12 million in 2018 and that number is expected to grow to over 16 million by 2023.
Mahindra SUVs now available on monthly subscription of Rs 19,720