Ola gives big relief during coronavirus times, waives off lease rentals for driver-partners, set to provide medical support

Cab aggregator Ola has stepped up in difficult times and has announced several relief measures for its driver partners. In a statement released Monday evening, Ola said that it has removed all lease rentals, similar to an EMI, for driver partners who operate vehicles owned by Ola’s subsidiary, Ola Fleet Technologies under its leasing program.

“We can confirm that we are fully waiving away lease rentals, akin to an EMI, for driver partners who operate vehicles owned by Ola’s subsidiary, Ola Fleet Technologies under its leasing program. Driver-Partners who are currently in distress due to the temporary lockdowns to arrest the contagion of COVID-19, will stand to benefit with the reduced economic burden during these times,” the statement read.

Ola said that its benefits on insurance for drivers and their spouses against loss of income due to contraction of COVID-19 as well as other medical support during this time, will continue to be offered to all our driver-partners across the country.

Additionally, under its leasing program, Ola offers drivers an option to take a long-term lease for a car by charging a deposit and a daily rental amount between Rs 700-1,150 depending on the city and car model leased. At the time of leasing, Ola Fleet Technologies charges Rs 4,000 as non-refundable charge and Rs 21,000-31,000 as refundable security deposit depending on the vehicle type.

Earlier this month, the company had suspended all its services in the wake of coronavirus outbreak in the country. The number of cases in India have been on a rise and a 21-day lockdown was announced by Prime Minister Narendra Modi on Monday evening. 

"To save India, to save every Indian, there will be a complete ban on people from stepping outside their houses from 12 midnight today," he said. "Lockdown is being imposed on every state, union territory, district, village, mohalla and street," he added.