Sunday, Jun 23 2024 | Time 00:00 Hrs(IST)
image
Business Economy


Zoomcar to add 20,000 cars in its platform by end of fiscal 2025

New Delhi, May 8 (UNI) Zoomcar, self-drive car sharing company, on Wednesday announced plans to expand its footprint by adding over 20,000 cars by fiscal year 2025 to its platform for “self-drive” car sharing and provide opportunities to card owners to boost their income by way of sharing their vehicles.
Zoomcar’s car-sharing business model has opened up opportunities for micro-entrepreneurship to car owners where they can Host their car to earn instant income by sharing it on Zoomcar where more than 10M verified guests book their cars for their travel needs.
On average Zoomcar Hosts earn up to Rs.7 Lakh per year with one car, which varies by car models and car quality. As of Q3 2023, Zoomcar Hosts earned approximately USD 4 million, marking a significant milestone in providing financial stability to individuals from diverse backgrounds, the company said in a statement.
Commenting on the success of the partnerships, Greg Moran, Co-founder & CEO at Zoomcar, said "We want to make Hosting a car on Zoomcar as popular as booking a car on Zoomcar. Our strategic partnerships with industry players have been instrumental in driving growth and success for our Hosts. We are committed to providing them with the best opportunities to expand their business and increase earnings while aiming to add over 20,000 cars to our platform by fiscal year 2025."
In the past few months, Zoomcar announced partnerships with industry leaders to boost car buying for new and existing Hosts. With Cars24, Zoomcar Hosts get an exclusive offer of up to Rs 1,00,000 off along with special benefits of Rs. 20,000 on certified pre-owned car purchases. ACKO Drive is facilitating savings of up to INR 85,000 exclusively on buying new cars coupled with enticing incentives on car financing, featuring instant loan approval and expedited car delivery, among other perks, it said.
Zoomcar, a leading marketplace for self-drive car sharing, has pumped up their efforts to help local car Hosts add more cars to grow their micro businesses on Zoomcar. Through synergistic partnerships with industry leaders such as Cars24, ACKO Drive, Spinny, and Droom, Zoomcar is making car sharing more convenient and cost-effective with customised offers on car buying and financing, the company stated.
Building on this success, Zoomcar extended these unique offers to their community of over 25,000 Hosts, with 2000+ Hosts showing immediate interest in purchasing additional vehicles within the next 1-2 months, the company said adding the overwhelming response from Zoomcar Hosts underscores the resonance of these collaborations within the community.
While the guest community is growing at a fast pace with over 85 per cent of users giving a 4.5+ star rating for their bookings, Zoomcar is poised to further expand its platform, targeting an addition of over 5000 cars by the end of FY24, and over 20,000 cars by the end of FY2025 to aid the growing demand. UNI SKB AKS
More News

Lets make India “Food Basket” of the world: Chouhan to Agri scientists

22 Jun 2024 | 7:28 PM

New Delhi, June 22 (UNI) Union Agriculture Minister Shivraj Singh Chouhan on Saturday appealed to the scientific community to work in the interest of small and medium farmers to bring revolution in Indian agriculture and make India the “Food Basket” of the world.

see more..

Centre notifies new Telecom Act, replacing the archaic Telegraph Act, 1885

22 Jun 2024 | 7:14 PM

New Delhi, June 22 (UNI) The government on Saturday notified several provisions of the New Telecom Act 2023 with effect from June 26, scrapping the archaic Telegraph Act, 1885, with the objective of reducing uncertainties, improving investor confidence, and being a step towards ease of doing business.

see more..

Skill India International: Global workforce transformation

22 Jun 2024 | 5:21 PM

New Delhi, June 22 (UNI) Skill India International is rapidly advancing India's skilling ecosystem, positioning the nation as a global hub for a skilled workforce.

see more..

Industrialist expecting relief on tax, reducing GST rates from govt

22 Jun 2024 | 2:38 PM

Pune, June 22 (UNI) Ahead of Union Budget, which will presented in July after the formation of a new BJP-led NDA government at the centre, Pune industrialists are expecting relief from tax and a reduction in the rates of GST.

see more..

CII inaugurates new Marathwada office in Sambhajinagar

22 Jun 2024 | 2:26 PM

Chhatrapati Sambhajinagar, June 22 (UNI) The Confederation of Indian Industry (CII) announced on Saturday the opening of its new zonal office near Akashwani Chowk in Chhatrapati Sambhajinagar of the Marathwada region of Maharashtra in the presence of national, regional, state, and zonal CII leadership.

see more..
image