Ola said that over the next six months, it was planning to invest Rs.200 crore for CNG adoption in the city.
"Through this mega event, we intend adding 5,000 new CNG vehicles on our platform in the region, which would in turn contribute to a clean and green Delhi NCR," said Pranay Jivrajka, chief operating officer of Ola.
The statement said: "Drivers across Delhi NCR stand to benefit from savings of up to Rs.150,000 on exchanging their old diesel vehicles for a new CNG one.
"Ola has rolled out to a number of programmes that help driver partners take the first step towards entrepreneurship by bringing the best deals for them through backward integration with car manufacturers, banking and financial institutions and other ecosystem partners," added Jivrajka.
Ola partnered with dealers of leading car manufacturers including Maruti, Tata, Hyundai, Chevrolet and Nissan.
Currently, there were more than 20,000 CNG cabs registered on the Ola platform in the region. By next week, the company intends to ramp it up by at least 25 percent, the statement added.