Ola | Latest News & Updates - Oct 18, 2024 Release

Ola is decreasing cab fares in Patna, Bihar, affecting drivers' ability to meet financial needs...


Brought to you by RivalSense - an AI tool for monitoring any company.

RivalSense tracks the most important product launches, fundraising news, partnerships, hiring activities, pricing changes, tech news, vendors, corporate filings, media mentions, and other developments of companies you're following 💡


Ola

🌎 olacabs.com

Ola is India’s largest mobility platform and one of the world’s largest ride-hailing companies, serving 250+ cities across India, Australia, New Zealand, and the UK. The Ola app offers mobility solutions by connecting customers to drivers and a wide range of vehicles across bikes, auto-rickshaws, metered taxis, and cabs, enabling convenience and transparency for consumers and driver-partners. Ola also has additional services like Ola Electric, Ola Fleet Technologies, Ola Skilling, Ola Financial Services, and a food business.


Ola - Latest News and Updates

  • Ola is decreasing cab fares in Patna, Bihar, affecting drivers' ability to meet financial needs.
  • Ola Electric has partnered with EY India to improve after-sales services and plans to expand its service centers from 400 to 1,000 by year-end.
  • Ola's shares have dropped over 3% to 87.46 rupees after India's Ministry of Heavy Industries ordered an audit due to numerous service complaints.
  • The Central Consumer Protection Authority (CCPA) has directed Ola Cabs to allow customers to choose their preferred refund method, enhancing consumer rights.
  • The Central Consumer Protection Authority has directed Ola to provide consumers with a choice of refund modes, citing unfair trade practices, while Ola Electric faces scrutiny from the Automotive Research Association of India over its pricing strategies.
  • The Central Consumer Protection Authority has ordered Ola to offer refund options and issue ride receipts after receiving over 2,000 complaints about overcharging and delayed refunds from January to October 2024.
  • The Central Consumer Protection Authority has ordered Ola to allow users to choose their refund method and provide receipts for auto rides due to regulatory scrutiny over customer complaints.
  • The Central Consumer Protection Authority directed Ola to offer bank account refund options and issue auto ride receipts after identifying unfair trade practices in their refund policy.
  • Ola is currently seeking a Financial Controller in India.
  • Ola announced a Maha Navmi offer on October 11, allowing users to earn 5x OlaCoins for discounts.

Sign up to receive regular updates


If you liked the insights, consider following your own companies of interest. Receive weekly insights directly to your inbox using RivalSense.