Protesters on Twitter have begun asking people to boycott Ola's service, as mark of disagreement with the company's views
The firm is fighting a court battle over new rules that mandate licensing & cap fares that remove surge pricing.
The news of markdowns in the value of Ola and Snapdeal comes at a time when both companies are in talks with investors to raise fresh funds to take on deep-pocketed competition.
Bajaj Auto has virtually closed the gap with Ather Energy in September, notching up 6423 EV registrations compared to 6466 registrations by Ather.
Can Bhavish Aggarwal upend the electric two-wheeler market, which is now overwhelmingly in favour of scooters?
The past few weeks have been rough for both Ola and Uber companies, dodging fire from almost all corners.
The Association, which claims to represent around 125,000 app-based taxis in the the Delhi-NCR, demands that fares be increased from existing Rs 6 per km to around Rs 20 per km.
The investments by Uber and Ola included setting up kiosks, incentivising drivers for parking at the railway stations, and payments to the Indian Railways.
Electric mobility in India is touted to be the way to the future, but implementation of large-scale projects to bring infrastructure for charging is still lacking.
Parliament was adjourned for the day on Monday after paying tributes to Union Minister Sis Ram Ola, who died on Sunday after prolonged illness.
The 86-year-old Congress leader had been suffering from various ailments, sources in Medanta Medicity said.
Ola Cabs acquires TaxiForSure in $200-mn deal.
Initially it will procure only e-rickshaws and e-autos for leasing to operators
Delhi Chief Minister Arvind Kejriwal says surge pricing is daylight robbery and no responsible govt can allow that.
Anupam Mittal, the fund man behind OlaCabs has lined up more investments.
Overall, the BGauss RUV 350 is a feature-packed electric scooter with a unique design and competitive performance.
The police have detained seven persons on charges of rioting following the incident.
Uber on Tuesday said it is laying off about 600 employees in India -- about a quarter of its staff in the country -- as business has taken a major hit amid the COVID-19 pandemic. The development comes days after rival Ola had announced laying off 1,400 people from its rides, financial services and food business.
The Ludhiana-born engineer is among the youngest entrepreneurs on TIME's 100 most influential people.
JD(S) will help them build a competing app, which, will work on a cooperative model, where drivers will own the app and will decide prices which the customers will have to pay
Yes Bank and Ola launched a mobile ATM service where customers of any bank can withdraw up to Rs 2,000 per card from PoS terminals
Car makers see a dip in demand from their biggest buyers, Ola and Uber. Demand from aggregators weakened for a number of reasons after a strong growth last year.
The strike has been called by the Maharashtra Navnirman Vahtuk Sena, the transport wing of the Raj Thackeray-led Maharashtra Navnirman Sena, which claims that several drivers of these cabs are not able to cover costs due to the falling business.
The company did not disclose the valuations at which funds were raised.
Ola and Uber have committed to spending Rs 15,000 cr to win the taxi market.
Even though electric two wheeler (e2W) companies saw a slight recovery in July of 12 per cent with 49,518 registrations - after a wash out in June because the government slashed the FAME 2 subsidy by a third - registrations are still lower for the second month in a row compared to April FY24. The slow pace has raised doubts about whether the registrations will reach anywhere near either Niti Aayog's ambitious target of 2.4 million vehicles in FY24 or whether they will be closer to the trimmed down industry expectation of around one million. In June, e2W registrations plunged to a mere 44,253, the worst month in more than a year, as companies hiked scooter prices.
It will be the fifth edition in a row that the two heavyweights have met head to head at a European Championship.
Uber is suing Ola for $7.5 million to compensate for lost revenue and goodwill, alleging the Indian market leader created about 94,000 fake user accounts with the ride-hailing service and used them to make more than 405,000 false bookings
Just a few weeks ago, the Centre has come out with the long-awaited Motor Vehicle Aggregator Guidelines, which have drawn a dismayed response from the companies concerned.
The controversy started a Twitter firestorm with many demanded the Ola to block his account. However, there were many who supported the man's 'right to choose'.
The Ministry of Heavy Industries announced on Tuesday that it has received bids from seven players for the re-bidding tender of the 10 gigawatt-hour (Gwh) tranche of the Advanced Chemistry Cell (ACC) manufacturing production-linked incentive (PLI). "The list of bidders (in alphabetical order) who have submitted bids in response to this tender are ACME Cleantech Solutions, Amara Raja Advanced Cell Technologies, Anvi Power Industries, JSW Neo Energy, Reliance Industries, Lucas TVS, and Waaree Energies for a cumulative capacity of 70 Gwh," the ministry said in a statement. After the re-auctioning for the manufacturing unit was announced in January, the pre-bid meeting was held on February 12, the ministry said.
The Ministry of Heavy Industries has approved 11 electric vehicle (EV) manufacturers, including Ather Energy, Bajaj Auto, Hero MotoCorp, Ola Electric, and Mahindra, to receive incentives under the recently introduced Electric Mobility Promotion Scheme (EMPS) 2024. "A total of 11 firms have been granted approval under the EMPS, with several more under consideration," informed a senior official of the ministry to Business Standard. The scheme aims to sustain the growth in EV sales, replacing the Faster Adoption and Manufacturing of Electric Vehicles - II (FAME-II) scheme.
State govt asks the two taxi aggregators to end surge pricing.
Based on her complaint via email to Bengaluru police, the driver has been arrested and a case registered.
Bandhan expects to have a loan portfolio of Rs 14,500 crore.
The government's decision to stop surge pricing by app-based taxi companies Uber and Ola ignores the basic principles of economics to appease a vocal section of the vote bank.
Both Indian firms have been in talks with investors for nearly a year to raise fresh funds of as much as $ 1 billion, but with little success so far.
App-based taxi aggregator Ola is in talks to raise fresh funding of up to $400 million.
The dealers operating in the space have jumped nearly three times over the past two years.
Ahead of the likely acquisition of online taxi aggregator TaxiForSure by larger competitor Ola Cabs, technology teams of the two Bengaluru-based companies are learnt to be evaluating ways in which the two platforms can be integrated, sources said.
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