OLA ELECTRIC MOBILITY PRIVATE LIMITED

    OLA Electric Mobility Private Limited is an Indian Non-Government Company. It's a private company and is classified as'company limited by shares'.

    Company's authorized capital stands at Rs 1.0 lakhs and has 100.0% paid-up capital which is Rs 1.0 lakhs.

    OLA Electric Mobility Private Limited is majorly in Business Services business and currently, company operations are active.

    Company is registered in Bangalore (Karnataka) Registrar Office. OLA Electric Mobility Private Limited registered address is OLA ELECTRIC MOBILITY PRIVATE LIMITED 4th Block, 17th Main, 100 Regent Insignia,#414, 3rd 560034 Bangalore-Bangalore.

    OLA Electric Mobility Private Limited Details

    CINU74999KA2017PTC099619
    StatusACTIVE
    Company CategoryCompany Limited by Shares
    Company Sub-categoryIndian Non-Government Company
    Company ClassPrivate
    Business ActivityBusiness Services
    Authorized Capital1.0 lakhs
    Paid-up Capital1.0 lakhs
    Paid-up Capital %100.0
    Registrar Office CityBangalore
    Registered StateKarnataka
    Registration Date03 Feb, 2017

    OLA Electric Mobility Private Limited News

    • Ola has clarified that it does not engage in differential pricing for rides based on users’ mobile operating systems. This follows a notice from the Central Consumer Protection Authority (CCPA) prompted by consumer complaints about fare inconsistencies between Android and iOS users. Union Minister Pralhad Joshi has directed the CCPA to investigate these claims. Both Ola and rival Uber have expressed their willingness to work with authorities to clear up any misunderstandings.

      Companies adopt the differential pricing strategy to charge different prices for the same product or service to different customers or groups of customers. According to an expert, it’s technically feasible to tweak fares based on a user’s hardware. Meanwhile, the government has said it has zero tolerance for consumer exploitation.

      The Central Consumer Protection Authority has issued notices to Ola and Uber over claims of differential pricing based on the type of mobile used, Android or iPhone. Union Minister Pralhad Joshi emphasized zero tolerance for consumer exploitation, labeling the practice as an unfair trade practice and sought responses from the ride-hailing platforms.

      Happy Tuesday! The draft Digital Personal Data Protection Act, 2023, has created new opportunities for startups in the tech sector. This and more in today’s ETtech Morning Dispatch.

      Sachin Bansal is negotiating with investors to sell his $100 million stake in Ola, valuing the company at around $4 billion. Bansal aims to liquidate his holdings in Ola to focus on his fintech venture, Navi. Navi has faced some regulatory hurdles while seeking external capital.

    * Ministry of Corporate Affairs, 2019, Company/LLP Data, (Government of India administrative body to govern and regulate corporate affairs through the Companies Act 1956 & 2013 including other allied Acts, Bills and Rules) http://www.mca.gov.in/, Updated as on 28 Feb, 2017.

    Please Note: Data on this page may not be updated vis-à-vis company’s current credentials.

    The Economic Times

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