Ola enters into strategic partnership with DBest Cars India, India’s leading commercial used car trading start-up
According to Dbest, it aims to streamline India’s sprawling used car sector. This is done by providing a platform for all Indian car dealers and service companies to buy and access the best-used commercial vehicles directly.
Indian mobility platform Ola Fleet Technologies has partnered with Dbest Cars India to sell pre-owned commercial vehicles from existing fleets in deals worth more than Rs 1.25 crore.
All rental companies or taxi companies must decommission existing vehicles and replace them with new modern vehicles. Fleets of used cars that are being phased out will be replaced by fleets of new cars. Ola Fleet Technologies, India’s largest radio taxi company, has handled the disposal process for over 5000 used commercial vehicles through the services of DBest Cars India.
Gulshan Rao, Director of Ola (Risk and Brand Protection), said selling used commercial vehicles is completely different from selling regular used cars (with white license plates). When buying or selling a used commercial vehicle, there are many obligations that need to be taken care of. As a responsible company, we must choose the right partners to avoid future disputes.
According to Dbest, it aims to streamline India’s sprawling used car sector. This is done by providing a platform for all Indian car dealers and service companies to buy and access the best-used commercial vehicles directly.
The goal of Dbest Cars India is to enable clients to achieve higher prices (campers with warranty) by providing in-market information and end-to-end services for used car disposal, outsourcing all regulatory risks, and focusing on core activities.
Dinesh Singh, MD, and CEO of DBest Cars India said: This partnership will accelerate the growth of our start-up.
The introduction of regulatory changes such as BS-VI emission standards and disposal guidelines has created an ecosystem of used vehicle usage and demand in India. Due to the rising motorization rate, shortening vehicle replacement cycle, and prevalence of used car financing, the Indian Used Vehicle (UC) market will grow to 8 million units at CAGR 15 from 2021 to 2026.
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