Business

Ola to waive lease rentals for drivers

Ride-hailing platform Ola has decided to waive lease rentals for its driver partners.

“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 programme,” the company said in a statement.

Driver partners who are currently in distress due to the temporary lockdowns in the wake of COVID-19, will stand to benefit, it said.

“Our benefits on insurance for drivers and their spouses against loss of income due to contraction of COVID-19 will continue to be offered to all our driver-partners across the country,” the ride-hailing platform further said.

Why you should pay for quality journalism - Click to know more

Recommended for you
This article is closed for comments.
Please Email the Editor

Printable version | Apr 8, 2020 8:58:40 AM | https://www.thehindu.com/business/ola-to-waive-lease-rentals-for-drivers/article31156641.ece

Next Story