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19 03 2019 02

Hyundai and Kia are investing $300 million in Ola, the mobility service provider. The strategic partnership includes the production of electric vehicles tailored to the Indian market, the establishment of charging infrastructure and the development of fleet and mobility solutions.

In this way, the Group intends to accelerate the transition from a pure automobile manufacturer to a provider of mobility solutions. The partnership will cover all aspects of the entire value chain – including vehicle production, fleet operations and services.

Hyundai, Kia and Ola have also agreed to work together to develop vehicles and specifications that meet the needs of the ride hailing market (both users and drivers). The data collected during service operations should enable companies to continuously improve their vehicles. In addition, the Ola Drivers Partnership will offer a series of various financing options. From leasing to financing through installments, the companies plan to corner a larger section of the mobility market. In addition, maintenance and repair services are to be improved in order to increase customer satisfaction.

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