ADVERTISEMENT
GaadiKey
  • Car News
    • Maruti Suzuki
    • Hyundai
    • Mahindra
    • Tata
    • Toyota
    • Ford
    • Nissan
    • Honda
    • Volkswagen
    • Renault
    • Kia
    • MG
    • Skoda
    • Fiat
    • Datsun
    • Mercedes-Benz
    • Volvo
    • BMW
    • Audi
    • Jaguar Land Rover
    • Lexus
    • Ferrari
    • Lamborghini
    • Maserati
    • Pininfarina
    • Tesla
  • Bike News
    • Hero
    • Bajaj
    • TVS
    • Honda
    • Yamaha
    • Suzuki
    • KTM
    • Royal Enfield
    • Mahindra
    • Harley Davidson
    • Ducati
    • DSK Benelli
    • Indian
    • Kawasaki
    • Piaggio
    • Triumph Motorcycles
    • UM Motorcycles
  • Reviews
    • Bike Reviews
    • Car Reviews
  • Photos
  • About
  • Advertise
  • Contact us
No Result
View All Result
GaadiKey
No Result
View All Result
ADVERTISEMENT
Home Cars

Hyundai and Kia Invest $300M in Ola

Partnershipwith Ola to nurture micro-entrepreneurship opportunities by providing access to customized Hyundai and Kia vehicles

Chethan Thimmappa by Chethan Thimmappa
March 19, 2019
in Cars, Hyundai, Kia
0
Hyundai and Kia Invest $300M in Ola
127
VIEWS
Share on WhatsappShare on FacebookShare on Twitter

Hyundai Motor Group (the Group) and Ola ― one of the world’s largest ride-hailing platforms ― today announced a strategic partnership under which Hyundai Motor Company (Hyundai) and Kia Motors Corporation (Kia) will make their biggest combined investment to date, as part the Group’s continued efforts to become a Smart Mobility Solutions Provider.

ADVERTISEMENT


The agreement will see the three companies extensively collaborate on developing unique fleet and mobility solutions; building India-specific electric vehicles and infrastructure; as well as nurturing best in class opportunities and offerings for aspiring driver partners with customized vehicles, on the Ola platform. Hyundai and Kia will invest a total of USD 300 million in Ola.

ADVERTISEMENT

India is the centerpiece of Hyundai Motor Group’s strategy to gain leadership in the global mobility market and our partnership with Ola will certainly accelerate our efforts to transform into a Smart Mobility Solutions Provider,

said Euisun Chung, Executive Vice Chairman of Hyundai Motor Group.

Hyundai will proactively respond to market changes and persistently innovate to deliver greater value to our customers.”

Bhavish Aggarwal, Co-founder and CEO of Ola said,

We’re very excited about our partnership with Hyundai, as Ola progresses to build innovative and cutting-edge mobility solutions for a billion people. Together, we will bring to market a new generation of mobility solutions, as we constantly expand our range of offerings for our consumers.

He added,

ADVERTISEMENT

This partnership will also significantly benefit driver-partners on our platform, as we collaborate with Hyundai to build vehicles and solutions that enable sustainable earnings for millions of them, in the time to come.

As part of the strategic collaboration, the companies have agreed to co-create solutions to operate and manage fleet vehicles, marking the Group’s first foray into the industry, as they expand operations from automobile manufacturing and sales to total fleet solutions.

The partnership will offer Ola drivers various financial services, including lease and instalment payments, while vehicle maintenance and repair services are expected to enhance customer satisfaction.

Hyundai, Kia and Ola have also agreed to coordinate efforts to develop cars and specifications that reflect the needs of the ride hailing market (both users and drivers). Data accumulated during service operation will allow the companies to make constant vehicle improvements to better meet local needs and specifications.

Hyundai Motor Group expects to accelerate its transition from a ‘car manufacturer’ into a ‘Smart Mobility Solutions Provider’, as the partnership’s initiatives will allow it to engage in all aspects across the entire mobility value chain ― including vehicle production, fleet operation and mobility services.

Ola aims to create over two million livelihood opportunities in the mobility ecosystem by 2022. This partnership will help accelerate micro-entrepreneurship in India’s growing pool of aspiring driver-partners. Ola already hosts over 1.3 million partners on its platform and will further empower hundreds of thousands more, with access to tailored offerings across vehicles, financing, insurance and more, substantially bringing down the total cost of ownership for partners.

Highlights

  • Companies to collaborate on building unique fleet and jointly explore mobility solutions in global markets
  • Strategic partnership also aims to develop EVs and charging infrastructure customized for Indian market
  • Partnership to nurture micro-entrepreneurship opportunities by providing access to customized Hyundai and Kia vehicles as well as financing and insurance benefits for driver-partners

You can add more to this story by commenting below.

SendShare1Tweet
ADVERTISEMENT
Previous Post

Hyundai India organizes Mega ‘Experience Hyundai’ Camp

Next Post

Ather Partners with Godrej Nature’s Basket; Expands AtherGrid

Chethan Thimmappa

Chethan Thimmappa

I cover latest automobile news in India with special focus on cars and bikes. Please send me an email to reach@gaadikey.com for any enquiries.

Related Posts

Toyota Smiles Plus
Cars

Toyota launches new pre-paid service package – Smiles Plus

by Chethan Thimmappa
April 9, 2021
0

In pursuance of its Customer First philosophy and sustained commitment of providing unique customer experience through value-added services, Toyota Kirloskar Motor (TKM) has...

Read more
Renault India partners with CERO Recycling to support Scrappage Policy

Renault India partners with CERO Recycling to support Scrappage Policy

April 8, 2021
Ford opens new showroom in Goa – Kings Ford

Ford opens 2 new showrooms in Delhi NCR – Adiv Ford and Shree Pawan Ford

April 8, 2021
New BMW 6 Series

New BMW 6 Series launched in India at Rs 67.9 lakhs

April 8, 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

Jeep Financial Services

Jeep partners with Axis Bank to launch ‘Jeep Financial Services’

April 9, 2021
Toyota Smiles Plus

Toyota launches new pre-paid service package – Smiles Plus

April 9, 2021
Renault India partners with CERO Recycling to support Scrappage Policy

Renault India partners with CERO Recycling to support Scrappage Policy

April 8, 2021
Ford opens new showroom in Goa – Kings Ford

Ford opens 2 new showrooms in Delhi NCR – Adiv Ford and Shree Pawan Ford

April 8, 2021
New BMW 6 Series

New BMW 6 Series launched in India at Rs 67.9 lakhs

April 8, 2021
Mahindra XUV700

Mahindra XUV700 (XUV, 7 double ‘Oh’) SUV brand name revealed

April 8, 2021
Mercedes-Benz India sold 3193 new cars in Jan-March 2021 period

Mercedes-Benz India sold 3193 new cars in Jan-March 2021 period

April 7, 2021
Mahindra to offer Vehicle Scrapping Solution – Signs MoU with  MMRPL

Mahindra to offer Vehicle Scrapping Solution – Signs MoU with MMRPL

April 7, 2021




Archives

Test Driven

2021 Royal Enfield Himalayan Review
Bike Reviews

2021 Royal Enfield Himalayan Review

March 8, 2021
Renault Kiger Review – Is it better than Magnite?
Car Reviews

Renault Kiger Review – Is it better than Magnite?

February 22, 2021
The Royal Enfield Meteor 350 Review
Bike Reviews

The Royal Enfield Meteor 350 Review

February 17, 2021
Citroen C5 Aircross Review – Comfort Car from France
Car Reviews

Citroen C5 Aircross Review – Comfort Car from France

February 15, 2021

Search this Website

No Result
View All Result

Archives

Recent Posts

  • Jeep partners with Axis Bank to launch ‘Jeep Financial Services’
  • Toyota launches new pre-paid service package – Smiles Plus
  • Renault India partners with CERO Recycling to support Scrappage Policy
  • Ford opens 2 new showrooms in Delhi NCR – Adiv Ford and Shree Pawan Ford
  • New BMW 6 Series launched in India at Rs 67.9 lakhs

About

GaadiKey

GaadiKey blog is a one stop portal for all the latest in the automobile industry. We are a bunch of people who are passionate about bikes and cars. We share the experience, reviews and stuff connected to Gaadis.

© 2021 GaadiKey - Prime GaadiKey.

No Result
View All Result
  • Car News
    • Maruti Suzuki
    • Hyundai
    • Mahindra
    • Tata
    • Toyota
    • Ford
    • Nissan
    • Honda
    • Volkswagen
    • Renault
    • Kia
    • MG
    • Skoda
    • Fiat
    • Datsun
    • Mercedes-Benz
    • Volvo
    • BMW
    • Audi
    • Jaguar Land Rover
    • Lexus
    • Ferrari
    • Lamborghini
    • Maserati
    • Pininfarina
    • Tesla
  • Bike News
    • Hero
    • Bajaj
    • TVS
    • Honda
    • Yamaha
    • Suzuki
    • KTM
    • Royal Enfield
    • Mahindra
    • Harley Davidson
    • Ducati
    • DSK Benelli
    • Indian
    • Kawasaki
    • Piaggio
    • Triumph Motorcycles
    • UM Motorcycles
  • Reviews
    • Bike Reviews
    • Car Reviews
  • Photos
  • About
  • Advertise
  • Contact us

© 2021 GaadiKey - Prime GaadiKey.