TBM Staff - Mumbai
Zoomcar Holdings, Inc. has formed a partnership with ACKO Drive, a car buying platform by ACKO, aimed at empowering local Zoomcar Hosts to expand their car fleet.
Through this collaboration, ACKO Drive offers Zoomcar Hosts significant savings of up to INR 85,000 on new car purchases, coupled with attractive offers on car financing, including instant loan approval, express car delivery, and more. This partnership provides Hosts with the opportunity to broaden their business footprint and substantially increase their earnings potential.
The surge in demand for car sharing in the Indian travel landscape, driven by a preference for convenience and the freedom to explore remote destinations, has propelled the popularity of self-driven cars. Industry leaders like Zoomcar have emerged to cater to this demand, with Zoomcar Hosts earning approximately USD 4 million as per the Company’s Q3 2023 results. The Company is keen on establishing car hosting as popular as car renting and is witnessing a growing mix of professional Hosts, leveraging the platform as a micro-entrepreneurship opportunity.
ACKO Drive is at the forefront of online car purchases, offering customers the convenience of comparing models, selecting financing options, purchasing insurance, and accessing after-sales services on a single platform. Through this partnership, ACKO Drive aims to facilitate easier access to Zoomcar Hosts by extending exclusive offers, thereby enhancing their earning potential from car sharing.
This collaboration presents a significant opportunity for both new and existing Zoomcar Hosts to enhance their business operations and cater to evolving consumer preferences with newer car models. Existing Hosts can seamlessly upgrade their fleets to meet the growing demand for diverse vehicle options, enhancing competitiveness and tapping into the higher earning potential associated with newer and more attractive vehicles.
Greg Moran, CEO, and Co-founder, Zoomcar, emphasised the Company’s commitment to providing high-quality experiences to its customers, with a focus on offering newer and wider car options. He highlighted the partnership with ACKO Drive as instrumental in providing enhanced affordability and choice to customers.
Nitin Chadha, SVP of ACKO Drive, expressed confidence in the partnership, stating that Zoomcar Hosts play a vital role in fueling individuals’ passion for travel and experiences. He emphasized ACKO Drive’s specialisation in the online car buying journey, providing end-to-end support to car enthusiasts with flexible financing options and suitable insurance solutions.
The partnership between Zoomcar and ACKO Drive underscores a strategic move to meet evolving consumer needs and empower local entrepreneurs with diverse and newer car models.
