Ola unveils used cars marketplace Ola Cars. Details here

Ola Cars will compete with the likes of CarDekho, Cars24, CarTrade, Droom, and Spinny which are already there in this segment for quite some time.  

Multinational ridesharing company Ola has unveiled a used cars marketplace known as 'Ola Cars' which will basically offer "try and buy" services from home, EMI options, and a one-year warranty. Ola Cars will help users in buying and selling second hand cars on their platform. This comes at a time when there is a huge demand for buying and selling second-hand cars. A study by research firm P&S Intelligence showed that the country’s used-car market’s value will stand at $70.8 billion in 2030 against 2020 which was $18.3 billion. Ola Cars will compete with the likes of CarDekho, Cars24, CarTrade, Droom, and Spinny which are already there in this segment for quite some time.