Ola partners Shriram Group for CNG car financing

Taxi aggregator Ola has partnered with Shriram Automall India and Shriram Transport Finance Company (STFC) to enable <g data-gr-id="21">exchange</g> of diesel cars and financing for CNG cars in the city. Ola has been expanding the fleet of CNG vehicles on its platform following the crackdown on diesel taxis 

<g data-gr-id="20">plying</g> in the Capital after court orders.

The SoftBank-backed company has over 25,000 cabs registered in Delhi on its platform. "Drivers will benefit from efficient exchange mechanism and optimum price advisory for their old cars through Shriram. Automall as well as attractive finance schemes with convenient repayment options from Shriram Transport Finance Company," Ola said in a statement.

The company expects thousands of drivers in Delhi to exchange their diesel vehicles for CNG vehicles over the next few months under this scheme, it added. The Delhi High Court, in its July 29 order, said the court cannot remain a "bystander" while an online taxi aggregator "pollutes the city".

Ola has tie-ups with car manufacturers like Maruti, Hyundai, Mahindra and Toyota for facilitating car purchases for its driver partners. "We are committed to <g data-gr-id="19">ensuring</g> CNG adoption on our platform in Delhi. Over the past few months we have come up with various initiatives to increase the number of CNG vehicles on our platform," Ola Chief Operating Officer Pranay Jivrajka said.