Ola slashes prices for Ola Autos and Ola Share in various cities in India, including Mumbai and Pune

Ola Cabs made a string of announcements regarding cost saving price cuts in various cities in India. Some of the new announcements include slashed Ola Auto fares along with low fare rates for Ola Share in Mumbai and Pune and more. Ola share fares, in which a ride can be shared by up to three people at any point in time, will now start at Rs 6 per kilometer in Mumbai and Rs 7 per kilometer in Pune. Ishan Gupta, Category Head at Shared Mobility said, “With Ola Share, we are addressing the need for reliable and affordable mobility solutions, at scale. For users, there is the convenience of an air-conditioned cab ride at 50 percent of the fare, and an option to share it within identified social groups. Ola Share has far reaching benefits like reduced pollution and congestion free roads that result in cleaner and greener cities.” In addition, the company has also eliminated base fare for Ola Auto in Indore. The per kilometer charge dropped to Rs 5 and has also reduced the fare by 50 percent. One will now receive bills for auto rides via email as well. Ola has launched a new billing system that will record the details of the trip including time of booking, distance traveled and fares. The company explains that riding from Rajwada to Vijay Nagar will now just cost Rs 60. Indore is said to be one of the fastest growing markets for Ola Autos too. Ola had introduced Autos in Indore December last year and claims to have more than 1,500 Autos registered on the platform. Nitesh Prakash, Senior Director, Operations at Ola said, “Ola has redefined the Auto hailing process for customers in Indore enabling them to book an Auto straight from the Ola app. Within just two months of our launch, our auto driver-partners have witnessed an increase in their revenue through better utilization and more paid runs, and hence, we are able to pass on the benefits of this scale to our customers. Apart from Indore, Ola has also slashed fares for Autos by 50 percent in Ahmedabad. Customers in Ahmedabad can now book an Auto on the Ola app at Rs 4 per kilometer. Ola had introduced Autos on its platform in Ahmedabad in December last year as well, and claims to have more than 3,500 Autos registered on the platform as well. Nitesh Prakash, Senior Director, Operations at Ola said, “Ola has redefined the Auto hailing process for customers in Ahmedabad enabling them to book an Auto straight from the Ola app. With increased demand, we have halved the fares for Auto services for customers in the city. This price revision has been possible since we have been able to achieve efficiency from the scale of operations. While driver-partners continue to make more revenue through better utilization and more paid runs, we are passing on the benefit of this scale to customers.”