Ola e-scooter factory to be largest all-women plant globally: Bhavish Aggarwal
NEW DELHI: Ola co-founder Bhavish Aggarwal on Monday said its electric scooter factory will be run entirely by women and employ over 10,000 women at full scale. “Aatmanirbhar Bharat requires Aatmanirbhar women! Proud to share that the Ola Futurefactory will be run ENTIRELY by women, 10,000+ at full scale! It’ll be the largest all-women factory […]
Ola says it got 100,000 bookings for electric scooter within 24 hours
NEW DELHI: Ola Electric on Saturday said it has received around 1 lakh bookings for its upcoming scooter within the first 24 hours of initiating the process. The company had opened booking for its electric scooter in the evening of July 15. “I am thrilled by the tremendous response from customers across India for our […]
Ola partners with Siemens for EV manufacturing facility
NEW DELHI: Ride-hailing major Ola on Wednesday said it has partnered with Siemens as it looks to rapidly build its upcoming electric vehicle manufacturing facility. This announcement comes on the heels of Ola’s Memorandum of Understanding (MoU) with the Tamil Nadu government to invest nearly Rs 2,400 crore towards building this facility. Ola said that […]
Facebook India hires ex-Ola COO as head for global biz group
NEW DELHI: Facing intense political heat in India, Facebook on Monday announced the appointment of former Ola Chief Operating Officer Arun Srinivas as director of its Global Business Group to lead the strategy and delivery of the India marketing solutions charter that is focused on large advertisers and agencies. Srinivas’ appointment comes after a series […]
Ola, Uber not ‘strong factor’ in auto sector slowdown: Maruti Suzuki
NEW DELHI: Millennials opting for ride hailing services like Ola and Uber may not be that strong a factor for the current slowdown in auto sales and a detailed study is needed to arrive at any conclusion in the contrary, according to a top official of the country’s largest carmaker Maruti Suzuki India. Ownership pattern […]
Flipkart co-founder Sachin Bansal invests Rs 650 crore in Ola
NEW DELHI: Flipkart co-founder Sachin Bansal has invested about Rs 650 crore in Ola, giving the Indian ride-hailing company more ammunition to compete with rival Uber. The investment is in Sachin’s personal capacity and is also the largest financing by an individual in Ola till date, Ola said in a statement. In January, Ola had […]
CCI rejects allegations of price fixing against Ola, Uber
NEW DELHI: The Competition Commission of India (CCI) has rejected allegations of price fixing against app-based taxi service providers Ola and Uber, saying drivers acceding to “algorithmically determined prices” by the platforms did not amount to collusion between them. In a 13-page order, the CCI also dismissed complaints that Ola and Uber were imposing a […]