Ola shuts down its used car business

Ola had launched its used car platform called Ola Cars in October 2021.

Ride-hailing firm Ola, has shut down its used car business within 8 months of its launch.

According to Ola, the company has reassessed its priorities and decided to shut down Ola Cars and quick commerce arm Ola Dash. The infrastructure, technology and capabilities will now be repurposed towards growing its Ola Electric sales and service network.

Ola launched its used car platform called Ola Cars in October 2021. It was reported that last month, the company closed down its operations in five cities, following the exit of CEO Arun Sirdeshmukh.

Ola Cars was operating through 300 centres spread across 100 cities. It is said that the company even had plans to hire over 10,000 people to handle vehicle diagnostics, service, support and sales.

Source: ET Auto

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