Is it profitable to attach car with OLA in 2021 Quora?

Yes it profitable to attach your vehicle with ola /uber. Because before attaching your car in ola/uber you have to fill a bond with company in which you can not deattach your car before time or company can not use your car after time.

Is Uber business profitable in India?

Uber India made a profit of Rs 703.4 crore on its discontinued operations for the fiscal year ending in March 2020 (97.6 per cent of annual profit in FY20). It resulted in a profit of Rs 17.34 crore from its ongoing operations when adjusted with loss before tax changes of Rs 567.8 crore with DTC.

How does Ola pay for car ownership?

Payments are made by the passengers in form of hard cash or online through wallets. This is one mode of income which happens after every ride. The second mode of payment is by incentives. Incentives are also received online by the cab owner from Ola and Uber.

Which company is the best for car rental business in India?

Companies like Avis and Zoomcar account for the biggest share of the car rental business in India. Avis entered the car rental business in India in 1999 and has been since the best car rental company in India.

What is the revenue of the car rental industry in India?

According to an analytics report by Statista of the Indian car rental industry, the revenue generated from car rental business was over US$ 250 million in 2018 and is expected to grow at a rate of 14.3 \% to US$ 570 million in 2023.

How to start a profitable car rental business with no money?

If YES, here is a 23-step guide on how to start a profitable car rental business with no money and no experience. The first thing to consider when starting this business is the type of car rental you intend to operate. You will have to know the types available – contract hire and daily hire, and decide which you want to go on.

What are the niches in the car rental business?

The niches that are within the car rental business industry are those that are uniform in nature, especially as the services are to ensure that customers get to their point of destination using your vehicle as their mode of transport. However, some of the areas of specialization in the car rental business are those that specialize in the following;