Anand Mahindra, Chairman and Managing Director of Mahindra Group, along with Bhavish Aggarwal, Founder and CEO,Ola, announced that they would be tying up for cars, vehicle sales, financing and sales.
Through this alliance Ola and Mahindra Group aim at an overall vehicle sales and financing of over $400 million.
At a conference in Mumbai, he said, “I woke up this morning to walk my talk and be a part of the startup world. When I referred to the changing dynamics of the automobile industry at my annual general meeting, I realised that the shift was moving towards sharing economy. I think the economy is going to move faster in India than anywhere in the world.”