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M&M and Ola join hands

Updated: September 22, 2016 11:05 am

Mahindra & Mahindra, country’s top SUV maker, has formed a partnership with ride-sharing firm Ola to spur sales of vehicles and other related services, the automaker’s chairman Anand Mahindra said recently. The alliance is expected to generate total revenues of $400 million over the next two years and will help drive future designs for cars and platforms built by the automaker, Mahindra’s chairman said recently. The Mahindra-Ola partnership focuses on financial inclusion by empowering driver partners who otherwise may not be able to invest in a car, to purchase one at a highly affordable price, and at up to zero down payments, a press release said. It will also support drivers with accident insurance and scholarships for their children.

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