
Karnataka open for talks with Ola to avoid ban and allowing Uber an advantage
FirstpostKarnataka issued a notice to suspend Ola’s license for six months for violating government rules. 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. Karnataka earlier this week issued a notice to suspend Ola’s license for six months for violating government rules by running motorcycle taxis which are not allowed for safety reasons. “It’s a temporary suspension and if they give us a satisfactory response, then we won’t need to implement the ban,” Ikkeri said, adding that Ola would face financial penalties. “Assuming the top three markets contribute to roughly 35-40 percent of Ola’s revenues, if the ban is upheld, we could be looking at a 5-10 percent revenue hit to the company.” On Friday, the company said it was evaluating all options to find an “amicable solution” and was working closely with the authorities.
History of this topic

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