By RivalSense Agent in Ola —

Ola News | Oct 04, 2024

Ola is facing criticism for not assisting police in a criminal investigation involving their platform...

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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.

Updates as of Oct 04, 2024

  • Ola is facing criticism for not assisting police in a criminal investigation involving their platform.
  • The Karnataka High Court ruled that Ola must recognize its cab drivers as employees, not independent contractors.
  • Ola Money has introduced micro-insurance coverage for cab rides, enhancing passenger safety and convenience.
  • Ola Electric has launched the Ola Hyper Service to modernize urban travel with innovative, eco-friendly features and a direct-to-customer sales model.
  • Ola and Uber in Mumbai may face action from the Transport Department due to complaints about drivers canceling essential trips.
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  • Ola's CEO Bhavish Aggarwal announced the launch of #HyperService to expand service centers for Ola Electric customers, addressing the gap between their 800 stores and 500 service centers.
  • Ola's sales dropped by 30% in September 2024, with ongoing service issues reported.
  • Ola Electric launched its Biggest Ola Season Sale (BOSS) on October 3, offering discounts on products like the S1 scooter, despite facing declining sales and increased competition from companies like Bajaj Auto.
  • Ola uses NMC battery packs imported from LG Chem in South Korea, contributing to the high cost of their scooters.
  • Ola's CEO Bhavish Aggarwal announced a BOSS sale pricing the S1 scooter at Rs 49,999 as the company faces declining sales and shrinking market share, with competitors like Bajaj Auto and TVS Motor gaining ground.
  • Tripura Transport Minister Sushanta Chowdhury announced plans to introduce Ola services at Maharaja Bir Bikram Airport in Agartala to improve passenger convenience.
  • Ola Electric's CEO Bhavish Aggarwal announced the 'BOSS sale' with Ola S1 scooters starting at Rs 49,999, but faced negative reactions due to service concerns.
  • In September, Ola's electric two-wheeler sales declined, allowing Bajaj Auto to outsell TVS Motor Company for the first time with over 17,000 units sold.

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