Ola to Launch Its Ride-Hailing Service in the UK This Year

Ola to Launch Its Ride-Hailing Service in the UK This Year

Ola to Launch Its Ride-Hailing Service in the UK This Year

Comments Off on Ola to Launch Its Ride-Hailing Service in the UK This Year

Ola to Launch Its Ride-Hailing Service in the UK This Year

Indian ride-hailing firm Ola said on Tuesday it plans to launch services in Britain this year, months after it expanded its operations in Australia, intensifying its rivalry with US peer Uber Technologies.

Ola has obtained licences to begin operations in South Wales in September, as well as Greater Manchester, and plans to expand nationwide by the end of the year, it said in a statement.

The firm will offer private vehicles for hire as well as Britain’s famous black cabs on its platform, and will add more transportation options going forward.

Ola and Uber, which both count Japan’s Softbank Group as an investor, have been competing in India’s $12 billion taxi market and in recent months have taken their rivalry overseas.

Ola is targeting high-booking markets in search of profitability because in India, less loyal consumers demanding low-cost rides makes competition more intense, said Neil Shah, research director at consultancy Counterpoint Research.

In February, Ola launched operations in Australia, its first foray outside India and in one of Uber’s strongholds where the Indian company now has 40,000 drivers on its platform across seven cities.

Uber has a presence in Britain as well.

“This could put pressure on Uber and cause them to possibly merge in India,” said Shah, adding that Ola could use its international expansion strategy into Uber territories as leverage.

Uber, in March, decided to exit Southeast Asia, allowing it to focus on India.

Ola, founded in 2011, clocks one billion rides each year globally, and has more than one million driver partners in over 110 cities, it said.

The company is also expanding into food delivery, has partnered Microsoft Corp to build a platform for networked cars, and is experimenting with electric vehicles.

admin

Related Posts

WhatsApp Launches TV Campaign in India to Fight Fake News

Comments Off on WhatsApp Launches TV Campaign in India to Fight Fake News

Uber’s Middle East Rival Careem Launches Bus-Booking Service in Egypt

Comments Off on Uber’s Middle East Rival Careem Launches Bus-Booking Service in Egypt

WhatsApp Gold Hoax Makes a Comeback, Ignore Its Circulation

Comments Off on WhatsApp Gold Hoax Makes a Comeback, Ignore Its Circulation

Zomato Defends Using Halal Tag as People Leave 1-Star Ratings for the App on Google Play, App Store

Comments Off on Zomato Defends Using Halal Tag as People Leave 1-Star Ratings for the App on Google Play, App Store

Snapchat appears to be working on a brand new chat interface

Comments Off on Snapchat appears to be working on a brand new chat interface

Mozilla Said to Be Working on New Android Browser Codenamed ‘Fenix’

Comments Off on Mozilla Said to Be Working on New Android Browser Codenamed ‘Fenix’

LinkedIn’s Salary Feature Comes to India, Gives a Breakdown Based on Title, Location

Comments Off on LinkedIn’s Salary Feature Comes to India, Gives a Breakdown Based on Title, Location

GM and DoorDash to Deliver Food With Self-Driving Cars

Comments Off on GM and DoorDash to Deliver Food With Self-Driving Cars

TeamViewer Opens First India Office, Eyes Strong Growth

Comments Off on TeamViewer Opens First India Office, Eyes Strong Growth

Google Maps Commute Tab Spotted in Testing, Replacing Driving and Transit Tabs

Comments Off on Google Maps Commute Tab Spotted in Testing, Replacing Driving and Transit Tabs

Google Play Bans Cryptocurrency Mining Apps, Updates Policies to Restrict Other Inappropriate Apps

Comments Off on Google Play Bans Cryptocurrency Mining Apps, Updates Policies to Restrict Other Inappropriate Apps

Instagram Reportedly Developing Dedicated Shopping App Called ‘IG Shopping’

Comments Off on Instagram Reportedly Developing Dedicated Shopping App Called ‘IG Shopping’

Create Account



Log In Your Account