Ola Share registers a growth of 500 percent in a year

Delhi-based cab aggregator Ola on Monday announced that its shared mobility offering Ola Share has registered a 500 per percent growth in the last one year.

Delhi, Bengaluru, Mumbai, Hyderabad and Kolkata emerged as the biggest users of Ola Share. "Ola Share is one of our flagship products and is poised to bring down traffic congestion on roads, which means that people in our cities will spend less time in traffic," said Vishal Kaul, COO at Ola.

The company is encouraging commuters to share their rides by selling "Share Pass", a subscription product that allows customers to take Ola Share rides at a flat fixed price at Rs 1 starting from 5 June to 11 June.

As previously reportedcab drivers are getting tired and frustrated with lowered fares and lowered incentives which is result of cut throat competition between aggregators.

The daily driver incentives for example had come down. What used be higher in the earlier days, was recently an average Rs 2,000 and has now dropped to Rs 600. Indeed, these are not official figures since cab aggregators never discuss incentives and discounts officially.

The same can be said about driver earnings, which have taken a substantial hit since the good old days back in 2015.

With inputs from IANS

Published Date: Jun 05, 2017 14:52 PM | Updated Date: Jun 05, 2017 14:52 PM