Ola

Ola2 Electric gears up for India's largest automotive IPO by early 2024

The company has just secured $300 million in funding, led by a sovereign fund, pushing the valuation from $5 billion to $6 billion

18,890 complaints received on National Consumer Helpline since 2017: Govt

The government on Wednesday said 18,890 complaints have been received on National Consumer Helpline since 2017 against cab aggregators Ola and Uber. "441 grievances have been received on PG (Public Grievance) portal and 18,890 complaints received on National Consumer Helpline from January 1, 2017 to March 31, 2023 against Ola and Uber," Minister of State for Food and Consumer Affairs Ashwini Kumar Choubey said in a written reply to Lok Sabha. The Central Consumer Protection Authority (CCPA) has issued notices to Ola and Uber on concerns related with deficiency in service, inadequate consumer grievance redressal mechanism, unreasonable levy of cancellation charge and lack of any information on the algorithm, he added.

Alliance, Zuno tie up to provide personal accident covers to Ola drivers

The initiative, which aims to reach 200,000 Ola drivers across the country, has been powered by Alyve Health platform

Top headlines: Reliance begins price war, ONDC forays into mobility segment

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India's ONDC forays into the mobility segment; takes on Uber and Ola

Incorporated in December 2021, ONDC said its aims to create a facilitative model that revolutionises digital commerce, giving greater thrust to penetration of retail e-commerce in India

Ola to raise $300 mn to fund expansion of scooter, and battery cell plants

This fundraising will reduce the promoters' shareholding marginally from 40 per cent currently to 37-38 per cent

We are focused on our users, competitors on us: Ola Electric's Aggarwal

We have disrupted the traditional business model of OEMs and the traditional cosy business relations that this industry has had, says Bhavish Aggarwal, Ola, Co-Founder & CEO

Ola Electric offers buyers to upgrade S1 scooters with new front fork

Ola Electric on Tuesday said it is giving an option to buyers to upgrade their scooters with new front fork amidst concern among them regarding safety of the part. In a tweet, the company noted that there have been some concerns amongst the community around the safety of the Ola S1's front fork arm. "We assure you that this is unfounded. At Ola, all components of our scooters, including the front arm, are thoroughly tested under extreme conditions and are engineered with a factor of safety much higher than the typical loads encountered on vehicles," the Bengaluru-based company stated. However, as part of continuous engineering and design improvement process, the company has recently upgraded the front fork design to enhance the durability and strength even further, it added. "To alleviate any concerns that you or any of our community members might have, we are giving an option to our customers to upgrade to the new front fork," the company said. This upgrade will be free of cost a

Uber, Ola act on SC directive, apply for aggregator licence in Maharashtra

Ride-hailing service providers Ola and Uber have applied to the Maharashtra government for aggregator licences, a Regional Transport Office (RTO) official said here on Friday. Sets of guidelines brought out by the Centre and the Maharashtra government mandate such app-based companies to obtain a licence. Currently, the government cannot efficiently take action in case of violations by these operators and a licence could change that situation. Acting on a directive of the Supreme Court, the ride-hailing service firms have applied for aggregator licences at Mumbai's Tardeo RTO, which has jurisdiction over the entire island city, the official said. Bharat Kalaskar, regional transport officer from Tardeo RTO, told PTI that they received applications from Ola and Uber for aggregator licences 3-4 days ago. The applications are under scrutiny and will be subsequently put up to the Mumbai Metropolitan Region Transport Authority (MMRTA) for a final decision about granting the licence, he ..

New Delhi city warns Uber, Ola on use of bike taxis, says official

As of Tuesday, bike taxis continue to be available for booking on Uber and Ola apps in New Delhi.

Bike taxis seek time till 2025-26 for electric vehicle transition

Bike taxis do 10-12 million rides a week; one-fourth of these are in Delhi

'What ban?' Uber, Ola bike riders clueless about Delhi govt order

Bike taxi services available as usual a day after transport department's clampdown

Big blow to Rapido, Ola and Uber as Delhi govt bars bike services

Digital apps, engaging as an aggregator, will be charged a fine of up to Rs 1 lakh under Motor Vehicles Act

Ola Electric plans to build world's largest EV hub in India for Rs 7,610 cr

The hub, spanning 2,000 acres (809 hectares) in the southern Indian state of Tamil Nadu, will be used for manufacturing electric two-wheelers, cars and battery cells

Ola to invest Rs 7,614 cr in TN to make electric cars, lithium-ion cells

On Saturday, Ola Electric Mobility signed the deal through its subsidiary companies Ola Cell Technologies (OCT) and Ola Electric Technologies (OET)

Top headlines: SC on Adani-Hindenburg row, Ola rides down the value chain

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Ola Electric unveils 5 electric motorcycles, launch planned next year

Ola said the success of the S1 Pro and S1 have cemented its market leadership

Future tech: I truly believe this is India's decade, says Bhavish Aggarwal

The Finance Minister's Budget speech today clearly laid down the pathways towards India entering its 'Amrit Kaal', strengthening the foundation of a technology-driven and knowledge-based economy

Ola subsidiary ties-up with Dbest Cars to dispose of used fleet vehicles

Ola Fleet Technologies on Tuesday said it has partnered with Dbest Cars India to dispose of its used commercial fleet vehicles in a deal worth over Rs 125 crore. As the largest radio taxi company in India, Ola Fleet Technologies, is undertaking the process to dispose of over 5,000 used commercial cars through the services of Dbest Cars India. "We are in process of disposing of our existing fleet which is now obsolete and for the same we have selected Dbest Cars to be our partner," Ola Director (Risks & Brand Protection) Gulshan Rao said in a statement. Introduction of regulatory changes such as BS-VI emission norms and scrappage policies have created an ecosystem for utilisation of and demand for used cars in India. With increasing motorisation rate, lower vehicle replacement cycle and increasing penetration of used car financing is expected to grow the Indian used car market at a CAGR (Compound Annual Growth Rate) of 15 per cent between FY21 and FY26 to touch about 80 lakh ...

Udaan, Ola and Oyo see highest senior executive exits in 2022: Data

Ola and Oyo Hotels & Homes followed Udaan in recording the most senior executive exits in 2022, according to Longhouse Consulting data