KARNATAKA: Cars24, CarDekho, Spinny, Droom, CarTrade now comes the turn of Ola to enter into used cars marketplace.
The multinational ride sharing company, Ola unveiled used cars marketplace as “Ola cars”. They are offering EMI options, services from home to try and buy, a year warranty.
The Ola Cars will help the users to buy and sell second-hand cars. This comes at a time when there is huge demand for purchase and selling of second-hand cars.
Research firm, P&S study says that India’s used-car market value was at $18.3 billion in 2020 which might stand at $70.8 billion by 2030.
To recall, Ola launched S1 and S1 Pro escooters recently.
Also, Ola has decided to setup world’s largest two-wheeler factory in the state of Tamil Nadu at Krishnagiri. They are looking to roll out one crore vehicles from this factory annually.