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Ola
expects to sign similar partnerships with other carmakers to
achieve its target of adding 100,000 vehicles by end-2016 to its
car leasing program, the company said in an emailed statement.
The company, through its subsidiary Ola Fleet Technology Pvt
Ltd, will lease cars to its driver partners against a deposit
and monthly rental that would include the vehicle's maintenance
cost. After three years the driver has the option to own the
car, it said in the statement.
Ola, backed by Japan's Softbank Group Corp, will purchase
vehicles from Nissan and its affiliate Datsun, but it did not
specify the number of cars to be bought.
Nissan is struggling to grow its sales in India which fell 24
percent to less than 20,000 vehicles in the six months between
April and September, during which time total passenger vehicles
grew 6 percent to 1.3 million, industry data showed.
(Reporting by Aditi Shah; Editing by Sunil Nair)
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