Nowadays, the service industry is not only the fastest-growing but it is also having one of the largest contributions in India’s GDP (28% appx).
It is not only dominant in India GDP, but it also brings in a considerable amount of foreign investment and also provides large scale employment opportunities.
One of the most trending business in some of the prime location in India such as Delhi NCR, Mumbai, and Bangalore etc. are providing cab service. It just requires you to have a smartphone & a vehicle. (Even if you don’t have a vehicle the service provider is having an option with which you can start the business).
Read the remaining article carefully and you will understand all the formalities required to be fulfilled to attach your car in OLA.
Read other blogs: Transactions in which it is mandatory to give your PAN Card number
DOCUMENTS REQUIRED
Documents of the driver:
More documents may be required for leasing.
- Valid commercial Driving license (yellow badge)
- Aadhaar card
- PAN card
- Current & permanent Address proof document (For example electricity bill)
- Bank details (passbook & cancelled cheque book)
- Reference (address & phone numbers)
Car Documents
- Registration certificate
- Vehicle permit
- Insurance of vehicle
Other Documents required
- PAN card
- Aadhaar card
- Address proof (For example electricity bill)
- Canceled cheque
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DIFFERENT TYPES OF CABS CUSTOMERS CAN BOOK WITH OLA:
- OLA Share
- OLA Micro
- OLA Mini
- OLA Prime
- OLA Autos
- OLA Bike
- OLA E-Rickshaw
- OLA Luxury
- OLA Outstation
- OLA Rental
- OLA Shuttle
Read more blogs: YOUR PAN CARD MIGHT BECOME INOPERATIVE FROM 01, JANUARY, 2020
WAYS TO START A BUSINESS WITH OLA
There are 3 ways of starting a business with OLA:
Joining OLA as a partner
- If you own a car then it is easy to attach it with OLA
- Call or visit the nearest OLA centre and they will provide you with all the details required to attach your car with OLA.
- Be sure to read all the information carefully before attaching your car with OLA.
- Submit the necessary documents as mentioned in the article.
- OLA will then start the training process.
- The signing of the contract with OLA.
- Run your car as an OLA cab in your city.
Joining OLA as a driver
- For those who don’t own a car but still wants to start their business with OLA
- Simply visit the office of OLA and understand the details required to attach your car with OLA
- Submit the necessary documents mentioned in the article above.
- Depending on the car you lease, one has to pay a rental fee of INR 700 – 1200 to OLA. This will be automatically deducted from your daily earnings and the remaining amount will be transferred to your account through NEFT/Cash.
- OLA will then start the training process.
- The signing of the contract with OLA.
- Start working as an OLA Driver.
Joining OLA as a fleet operator
- For those who have multiple cars, can attach them as a fleet with OLA.
- Call your nearest regional office and collect the information regarding OLA fleet.
- Submission of documents
- If you are not able to find the drivers, OLA will help you find them.
- OLA will inspect your car & check whether it is meeting the standards of the company or not.
- OLA will then train these drivers and will make them technology-friendly.
- After completion of all the processes, OLA will register you as fleet operator under it.
- The signing of the contract with OLA.
- Start working as an OLA fleet operator.
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FREQUENTLY ASKED QUESTIONS
Q. How to get a car on a lease in OLA?
- Get your documents verified
- Pay the verification fees & security deposit
- You will get the car once your profile is verified
Q. Initial payment to lease a car in OLA?
- A non-refundable charge of INR 4,000 is to be paid.
- Refundable charge of INR 21,000 – 31,000 based on the vehicle.
Q. What is the procedure to pay the daily rental of OLA?
- OLA will deduct your daily rental from daily earnings and will transfer the remaining to your account through NEFT/Cash.
Q. How much time does OLA takes to complete the registration process?
- If all your documents are complete and ready to be verified then it will hardly take a day to start with your booking process.
Chartered Accountant by profession, CA Sakshi Agarwal has an experience of above11 years in Cross Border compliance , Import Export , International Taxation & is a passionate content creator.