Zoomcar eyes onboarding 20,000 cars by end of FY25
Car sharing platform Zoomcar is confident for substantial growth fuelled by its recent partnerships which further are aimed at fleet expansion.
Zoomcar has said that it is on track to expand its fleet substantially, targeting the addition of over 5000 cars by the end of FY24 and over 20,000 cars by the end of FY25.
This expansion not only caters to the growing demand for self-drive car rentals but also promotes economic stability and fosters entrepreneurial spirit within communities, it said in a media release on Wednesday.
In March, ET had reported that Zoomcar is enhancing incentives for its hosts through third-party deals to meet demand-supply challenges and drive growth in the car-sharing marketplace.
Zoomcar has partnered with industry leaders such as Cars24, ACKO Drive, Spinny, and Droom. The company has said that these collaborations are further designed to make car sharing more accessible and cost-effective, offering customized offers on car buying and financing.
With over 10 million verified guests availing themselves of Zoomcar's services, hosts stand to earn up to Rs. 7 lakhs per year on average.
The company also said that its recent partnerships have received significant traction, with hosts benefiting from exclusive offers and incentives.
For instance, hosts partnering with Cars24 can avail themselves of discounts of up to Rs. 1,00,000, along with special benefits on certified pre-owned car purchases, Zoomcar explained. Similarly, ACKO Drive offers savings of up to INR 85,000 exclusively on new
