How to Start OLA Business, Apply, Requirements, Profit

Whenever we have to go from one place to another we need a vehicle, there are many such transport options available in the market, but for some reasons and privacy, if we want to go personally, we have to book a cab.

The demand for book cabs in market is increasing every day, this is because nobody in corporate world has enough time to take care of their own car and its monthly maintenance.

This is the reason they prefer to book a cab and complete the ride of their own choice at affordable rates. When it comes to booking a cab the name ola comes first.

Today with the help of this article we’ll understand How to Start Ola Business and How to Get Registered at Ola in detail.

So, let’s dig into the process of understanding How to Start Ola Business.

Table Of Contents

How to Start Ola Business

Ola has become so common today that, if you visit any big city you can easily book Ola to visit any place of your choice. With the arrival of Ola, auto-rickshaw drivers who used to ask for arbitrary money are now ready to take you at fixed normal rates.

If you are owner of 4 to 5 vehicles or you have enough connections who are ready to give their vehicle to your for lease, then you can easily start this business without any issue.

You can start Ola Cab Business in 3 ways:

Attach My Car
I Need A Car
Attach A Fleet

To register for Need A Car, it is mandatory to pay an amount of ₹ 40,000/-[$499] as caution money. On the basis of this money, you will be allowed to take car on lease.

Rules and Regulations at Ola

Some rules to know before you start this business are:

First of all, you should be registered in Ola Cab. Registration at Ola Cabs is free and this process takes only around 2-3 hours.
Your vehicle number plates should be yellow coloured. This shows that it is a commercial vehicle.
You should have a savings account, to receive payments from company.
The condition of your car should be good, you cannot start this business with badly conditioned cars.
You need to buy a smartphone and monthly internet connection is required. Ola Company charges an amount of around ₹50[$0.06] Per Day.
Apart from this, by the end of the day whatever is your daily income from Ola, they charge 20% of their own commission, 1% of TDS and ₹50[$0.06] for mobile device allotted from ola.
Toll charges, No-Parking Charges, Fine etc. are to be taken from passenger.

Documents Required to Join Ola

Before you start with Ola, you need some documents and registration like:

Identity Card
Police Verification Form
Pan Card
Aadhar Card
Bank Account Information
Driving License

These are the documents required to start business at Ola, apart from this if you need any other documents then you will be informed while filling the form.

Profit in Ola Cabs Business

Earning in this business totally depends on how many bookings are accepted by the driver in a day and how many kilometers vehicle moved.

Ola company takes a commission of 8% to 10% of the total amount of bill. Apart from this, it even provides Bonuses such as:

Peak Hour Timings (12 AM to 2 AM and 2 PM to 12 PM)

Bookings	Payments
5 Booking	₹1700
7 Booking	₹2400
10 Booking	₹2900
13 Booking	₹3900

When you drop a customer at airport, you receive an incentive of ₹500 [$5] in your account.

In this way by the end of month, you can easily earn around ₹50,000 [$699] to ₹60,000[$799] per month.

You can start this business with your old cars also. The only condition is that the condition of your car should be better.
You will be given a smartphone and an internet connection, for which the company charges a fee of ₹50[$0.06] and 1% TDS from your account.
You can recover additional charges like toll tax, parking charge and state tax from your customers as it is not included in the billing charge.
When you register to start Ola cab business, you do not have to pay any fee for any type of processing charge.

How to Apply OLA Cabs Business

If you want to start your business with Ola cabs, then you have to follow the steps given below:

First, you have to go to their office and get complete information.
After that, you can attach your car to Ola cabs.
After that, you will require documents like:
- Driving License
- PAN card
- Aadhaar Card
- Current Account
- Shop [Gumasta] License
- MSME License
- Udyog Aadhaar
- GST License
You should also take cars with you for the verification of its good condition.
After everything is checked, selected cars are ready to onboard for the services.
After that you can start your business.

Ola Contact Details

Ola cabs STD Contact: 3355-3355.
Ola Cabs Email Support: support@olacabs.com.
Ola Cab Toll-Free Helpline Number: 18004193535

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