Ola, Uber Starts Subscription Plans for Auto drivers

Ola and Uber, which provide cab and autorickshaw services through apps, have offered subscription plans for autorickshaw drivers on their platforms. In this, autorickshaw drivers will not have to pay booking fees or commission on every transaction. This will make it easier for Ola and Uber to compete with Namma Yatri and Swiggy-invested Rapido.

a media Report It is reported that in the last few weeks, Ola has started subscription plans for autorickshaw drivers in some big cities including Delhi-NCR, Mumbai, Bengaluru and Hyderabad. Uber has launched it in six cities like Chennai, Kochi and Visakhapatnam. With this, Ola and Uber will not have to pay five percent Goods and Services Tax (GST) on autorickshaw rides. However, tax experts say that this may lead to disputes between these operators and tax authorities. An advance tax ruling in September last year had said that Namma Yatri would not have to collect GST on autorickshaw rides.

Ola and Uber have a commission-based revenue model in which these companies charge booking fees or commission fees on each ride or booking. Ola has decided to stop its services in Australia, Britain and New Zealand. Ola promoter ANI Technologies said that it will continue to focus on India business. This company, invested by Japan’s Softbank, is seeing a lot of opportunities for expansion in the country.

Regarding this, Ola Mobility spokesperson said, “Our ride services business is growing rapidly. We are at the first position in this segment in the country. The coming era of mobility is electric. There are a lot of opportunities for expansion in the country. We have “We have reassessed our priorities and decided to close our ride services business in Australia, New Zealand and the UK.” The company started business in these markets about six years ago. ANI Technologies’ net loss declined to around Rs 772.25 crore in financial year 2023. In the previous financial year it was Rs 1,522.33 crore. The company’s consolidated revenue increased by almost 48 percent to Rs 2,481.35 crore in the financial year 2023. In the previous financial year, the revenue was Rs 1,679.54 crore.