The southern Indian state of Karnataka kept the door open on Saturday to talks with local ride-hailing service Ola to avoid a ban that could help ...
BENGALURU: The southern Indian state of Karnataka kept the door open on Saturday to talks with local ride-hailing service Ola to avoid a ban that could help rival Uber build market share.
Ola's permit, obtained in 2017 and valid to 2021, allows it to run three and four-wheeler taxis in Karnataka. The company, backed by SoftBank Group Corp and Tencent Holdings Ltd, has until Monday to respond to the suspension notice. "If Uber comes up with a strategy to lock in some of the drivers or customers with more incentives, it will be difficult for Ola to make a comeback," said Neil Shah, partner and research director at Counterpoint Research.
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