Ola sells 5,000 pre-owned cars in first month of operations in 7 cities

Less than a month after Ola announced the launch of its used vehicle sales platform ‘Ola Cars’ in 30 markets and 6 cities, the company claims it has sold more than 5,000 vehicles. It also plans to hire 10,000 new people, and attain an ambitious $2 billion (Rs 14,802 crore) Gross Merchandise Value (GMV) for Ola Cars in the next 12 months.

At present, the used car sales platform is active in Delhi, Mumbai, Pune, Bengaluru, Chennai, Hyderabad and Ahmedabad and will also expand to Chandigarh, Jaipur, Kolkata and Indore by end of this week. 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, the company is banking on its wide network and millions of active users to fulfill their mobility needs. The platform also offers a 7-day no questions asked return of a purchased vehicle.

Arun Sirdeshmukh, 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 its vision, Ola is also setting up service centres 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.