Sept 11, 2016: Automobile maker Mahindra & Mahindra (M&M) and Ola, the app-based cab service provider, announced a tie-up on Thursday to sell Mahindra vehicles worth about Rs. 2,600 crore to Ola-affiliated drivers over two years on easy financing terms. The agreement between the two entities envisages selling the vehicles to about 40,000 drivers by 2018 at “special” prices, along with other benefits.
“Ola’s driver partners can now avail of an integrated and attractive ‘Mahindra-Ola’ package which will include Mahindra cars at special prices, attractive financing with zero down payment, and the best NBFC interest rates, subsidized insurance premiums, comprehensive maintenance packages, as well as exclusive benefits on the Ola platform,” M&M said in a regulatory filing to the Bombay Stock Exchange (BSE) on Thursday.
Anand Mahindra, the Chairman of the $17.8 billion Mahindra Group, said the arrangement will also fulfil the current and future needs of Indian consumers, particularly younger ones who prefer shared mobility solutions, said to Reuters.
Ola co-founder and CEO Bhavish Aggarwal said that the partnership will pave the way for similar arrangements in the future. M &M shares closed at Rs. 1,485.50, down 0.21 percent.
The company sold 18,246 passenger vehicles in August 2016, 29 percent more than the 14,198 units sold in August 2015. Pravin Shah, President and Chief Executive (automotive), Mahindra & Mahindra, said that the upcoming festival season will boost sales for the company.
According to Reuters report, M&M is also involved in manufacturing tractors, two-wheelers, and electric cars. Recently, the company renamed its electric car business as Mahindra Electric. Ola and global rival Uber have burned through money to capture market share in India, one of the world’s fastest growing taxi markets worth nearly $12 billion.
Ola, last year in 2015, announced a tie-up with Nissan Motor India to buy and lend cars to its drivers. And last month, Tata Motors’s parent Tata Group, became the first Indian carmaker to tie-up with Uber. Overseas, General Motors in January announced a $500 million investment in Lyft, with plans down the road to develop an on-demand network of self-driving cars.
– prepared by Shayari Dutta with inputs from various agencies
Everyone has that dream home that they want to have. For those who love space, like me, you want to have a castle-like home with all the space and gardens around. For some it could be that mansion or apartment or maybe that penthouse; for those who are a bit adventurous, you could want to own a cabin.
Whatever your idea of a dream home is, it definitely comes at a huge price. You have to make so much sacrifice for you to have your dream come true. You could achieve it by getting a mortgage or even saving up.
Whichever path you choose, one this for sure is that by the end of it all, you will have exhausted your financial muscle. It is a huge project and investment that requires you to spend to the last coin. The last thing you want to hear is someone asking for money from you.
That is why Fidelity Home Warranty is here for you. You could have purchased home in a
perfect condition but later realize some leakages or worse still a natural disaster come and cause some damages. You need your home covered to avoid the extra expenses that may come up after you have already coughed so much to attain the ownership.
It could also be that seller or even the real estate professional that has houses to sell. You need to have those homes covered. What if something happens to them during the marketing, sale and after a sale? You do not want your clients calling you one month down the line asking for refunds since they have realized the drained system in the house was faulty.
Whether you are the seller, the homeowner, or that real estate professional, Fidelity Home
Warranty is your best partner in this. We take some time to take you through a quick Fidelity Home Warranty Review of the benefits that you stand to gain.
Benefits for the homeowner
You have already made that investment that every human being wishes to make at some point in their lives; you own your home. All your friends are jealous of your great achievement . But wait, it can be, and actually is a costly affair. With time and usage, some repairs are needed. Maybe the toilets are leaking or you need a plumber to unblock the drainage system, maybe the water heating system is not working properly; whatever the issue it is, you need to cough an extra coin. You need to have your home covered by the Fidelity Home Warranty so that in cases like this, they will have your back.
Just one call away. It is that simple. You need not start calling your bank to check how
much money is remaining or whether you have exhausted your credit limit. You have a
problem in your home; just call your best warrant provider, in this case, the Fidelity
The service fee is small and is charged just ones. For every service requested, the
homeowner is supposed to pay a Service Trade Call Fee of $65, which is not much
compared to the amount you would have to pay for the entire repair if you did not have
With Fidelity Home Warranty, wide varieties of the home appliances are covered on your
basic plan. The refrigerator, washing and dryer machine, Kitchen Appliances like the
dishwasher, Range/Oven/Cooktop and Built-in Microwave among others are covered on
The customer service at the Fidelity Home Warranty is the best over. All the staff is very
commented to assisting the customer and work every day to ensuring that the services
they offer to you are of high quality. At the FNHW, the customer is always valued and
their key is customer satisfaction.
In times of need, the response at the Fidelity Home Warranty quick. They are very
responsive and ensure that the client’s issue if fixed as soon as possible.
Benefits to the home buyer
When buying a home, there is so much trouble and hustles that comes with the process of house hunting as people may call it. You are exhausted from viewing so many houses which you do not like for one thing or the other. After identifying your house, you are tired and all you want is to relax and enjoy your new home. There is so much joy and happiness that comes with that.
You rush to the shower and oops! There is no hot water. You do not want to start running around looking for an electrician. That is where the Fidelity Home Warranty comes in. You simply wrap your robe, get your phone and call them, they will be at your service and you can get your moods up again as they will have you sorted.
Here are some of the services that the Fidelity Home Warranty offers you as a home buyer.
Budget protection. This means that after having spent your fortune buying your new
home, you do not have to go out of your way again to dig into your pocket for more cash
to start doing repairs. For a new house. Fidelity Home Warranty covers all your
The services at Fidelity Home Warranty are very convenient. They offer a perfect
package. Just one calls away, a small service fee, great customer service and very quick
to respond to your issue.
The other beauty of the Fidelity Home Warranty is that most of the home appliances are
The cover doesn’t end after acquiring your home but it extends and covers your new
home for the next 12 months, isn’t that impressive?
To top it up all, they actually replace faulty covered items. If there is no way to repair it,
then the Fidelity Home Warranty will get you a brand new appliance. Can it really get
Whether you own a home already or are in the process of buying one, you want to walk with the Fidelity Home Warranty. They will not disappoint you. You get the feeling that you are not alone in this. As a home buyer, I wish you well on your journey to acquiring your dream home. For those who already own homes and are looking to have them covered, congratulations on your achievement and make be sure take good care of it by ensuring that it is covered by Fidelity Home Warranty.