logo
No commissions! Ola launches new zero percent model in India; entire fare earnings to go to drivers

No commissions! Ola launches new zero percent model in India; entire fare earnings to go to drivers

Time of India4 hours ago

Ola claims that it is now India's first ride-hailing service to completely remove commission charges.
The fare for your next trip on an Ola will go entirely to the driver. Ola has announced nationwide implementation of a zero percent commission structure, enabling drivers across its auto, bike, and cab services to keep their entire fare earnings.
The implementation was conducted systematically, beginning with auto services, then bike services, and finally extending to cab services.
Ola claims that it is now India's first ride-hailing service to completely remove commission charges. Drivers now have the flexibility to select their preferred plans whilst retaining their complete earnings, without any reductions or earning limitations.
An Ola Consumer spokesperson told ET, "The launch of the zero percent commission model pan-India marks a fundamental shift in the ride-hailing business.
Removing commissions empowers driver partners with much more ownership and opportunity."
According to a previous report in the financial daily, Ola and Uber have adopted a subscription-based fee structure, previously introduced by Namma Yatri and Swiggy-backed Rapido, for auto rickshaw drivers. This system replaces traditional per-trip commission or booking fees with fixed daily or weekly charges, providing drivers unlimited ride access.
A Telangana-based organisation representing gig workers expressed scepticism about the overall effectiveness of the latest initiative. "All aggregator companies charge subscription fees—before the ride, you must recharge. They may be removing commissions, but they already charged subscription fees from the riders," said Shaik Salauddin, founder president of the Telangana Gig and Platform Workers Union.
As part of its expansion beyond transport services into automated warehousing, Ola Credit, and Ola Pay, Ola rebranded its ride-hailing division as Ola Consumer in the previous year.
The company, under Bhavish Aggarwal's leadership, has seen declining revenues and multiple high-level departures during the past year. Its revenue from operations and other income across ride-hailing, financial services, and logistics decreased to Rs 2,368 crore in FY24 from Rs 3,000 crore in FY23.
In December 2024, two veteran executives, Suvonil Chatterjee, chief technology and product officer, and Anshul Khandelwal, chief marketing officer, departed Ola Electric. Both executives had previously worked at Ola Cabs before joining the EV division.
The company has also attracted regulatory attention. In January 2025, the Central Consumer Protection Authority (CCPA) sent notices to Ola and other ride-hailing companies regarding price differences between Android and iPhone users.
In May, Union consumer affairs minister Pralhad Joshi announced that the CCPA had broadened its investigation of the advance tipping feature to include Ola Cabs and Rapido, following an earlier notice to Uber.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

HDFC Bank CEO Jagdishan moves Bombay HC to quash Rs 2.05 cr bribery FIR by Lilavati Trust
HDFC Bank CEO Jagdishan moves Bombay HC to quash Rs 2.05 cr bribery FIR by Lilavati Trust

Indian Express

time13 minutes ago

  • Indian Express

HDFC Bank CEO Jagdishan moves Bombay HC to quash Rs 2.05 cr bribery FIR by Lilavati Trust

HDFC Bank Managing Director and CEO Sashidhar Jagdishan has approached the Bombay High Court challenging the First Information Report (FIR) filed against him on a complaint by Lilavati Kirtilal Mehta Medical Trust (LKMM Trust), which oversees the Lilavati Hospital in Bandra (West), a prominent healthcare institution in Mumbai. Jagdishan has moved the high court seeking to quash the FIR which has accused him of accepting a bribe of Rs 2.05 crore to help a group consisting of one Chetan Mehta and other erstwhile trustees to retain illegal control over the trust. When the matter came up for hearing before a bench of Justices A S Gadkari and Rajesh S Patil, Justice Patil recused himself from hearing the matter after which it was mentioned before a division bench led by Justice Sarang V Kotwal. Justice Kotwal too recused himself from hearing the matter, noting that he had earlier represented one of the trustees. The petitioner will now have to approach the high court administration for assignment of another bench. The HDFC Bank CEO, through senior advocate Amit Desai, claimed that the FIR was baseless and malicious. Desai argued that the FIR was a 'retaliatory move' due to HDFC Bank's recovery proceedings initiated against Splendour Gems Limited, a company owned by the Mehta family, which had till May 31 defaulted on loans to the tune of Rs 65.22 crore. He said that the complainant is using the 'facade of Lilavati Trust to take action against the petitioner.' Jagdishan sought direction from the court to quash the FIR filed against him along with setting aside the magistrate court's order that initiated the probe. Pending hearing of the plea, he has sought a stay on the inquiry against him and that there should not be no coercive action, including filing of chargesheet, against him, failing which he will 'suffer grave loss and irreparable injury.' On May 29, the magistrate court had ordered the Bandra police to register offences punishable under sections 406, 409 (criminal breach of trust) and 420 (cheating) of the Indian Penal Code (IPC) and had directed the police to probe the matter as per section 175 (3) of the Bhartiya Nagrik Suraksha Sanhita (BNSS). The Bandra police registered the FIR on May 31. The trust, through its authorised representative Prashant Mehta, had filed a complaint contending that there was a loan recovery proceeding going on with a company, of which the father of one of the present trustees was office-bearer and the HDFC Bank, a creditor. The complaint claimed that during the recovery proceedings, the father of the said trustee was harassed physically and mentally, which resulted in his death. After assuming office, Prashant allegedly found a diary showing that from time to time several amounts were transferred on Chetan Mehta's directions to Jagdishan, totalling Rs 2.05 crore. Prashant claimed that the said amount was paid by Chetan Mehta and six others who were erstwhile office bearers of the trust, with a sole view to harass the father of one of the trustees. Judicial Magistrate First Class (JMFC) Komalsing Rajput, in the May 29 order, noted the contents of the diary showed that amounts were transferred from time to time, that the allegations constituted cognizable offences and the amount involved was 'high'. The magistrate noted that to verify and collect evidence to ascertain the source of amounts and how they were transferred without any reason, a police probe was necessary and hence ordered a probe by the Bandra police. However, Jagdishan, in his plea, claimed that the magistrate's order was 'self contradictory and flawed'. It stated, 'Despite noting that except for diary entries, no additional evidence was produced, and the complainant Prashant Mehta was unable to furnish further proof. The magistrate still proceeded to direct the investigation based solely on the affidavit.' Jagdishan said the diary and xerox copies of selective cash records was not sufficient and cogent evidence to take cognizance of the offence and the magistrate's actions were 'deplorable'. The Bandra police had registered another FIR on May 31 against Chetan Mehta, M/s Phoenix ARC Private Ltd and others for embezzlement of trust funds to the tune of Rs 2.25 crore. Phoenix ARC, along with accused persons Keki Elavia and Venkatu Srinivasan have also approached the high court seeking quashing of the embezzlement FIR against them. The high court will hear the pleas in due course.

Govt unveils Rs 3,000 FASTag annual pass for Pvt vehicles from Aug 15
Govt unveils Rs 3,000 FASTag annual pass for Pvt vehicles from Aug 15

United News of India

time15 minutes ago

  • United News of India

Govt unveils Rs 3,000 FASTag annual pass for Pvt vehicles from Aug 15

New Delhi, June 18 (UNI) In a major push towards hassle-free and efficient highway travel, the government on Wednesday announced the launch of a FASTag-based annual pass, priced at Rs 3,000, effective from August 15. The pass, designed exclusively for non-commercial private vehicles such as cars, jeeps, and vans will be valid for one year from the date of activation or up to 200 highway trips, whichever is earlier, Nitin Gadkari, Minister of Road Transport & Highways posted this information on social media platform X. The annual pass will enable seamless movement across National Highways and aims to address long-standing issues at toll plazas, especially those located within a 60 km range, he said. A dedicated link for activation and renewal will soon be made available on the Rajmarg Yatra App as well as on the official websites of National Highways Authority of India (NHAI) and Ministry of Road Transport and Highways (MoRTH). This policy will address the long-standing concerns regarding toll plazas located within a 60 km range and simplify the toll payments through a single, affordable transaction. By reducing wait times, easing congestion, and minimising disputes at toll plazas, the annual pass aims to deliver a faster and smoother travel experience for millions of private vehicle owners, the Minister added.

Tata Consumer doubles down on quick commerce, eyes growth beyond traditional retail
Tata Consumer doubles down on quick commerce, eyes growth beyond traditional retail

Time of India

time17 minutes ago

  • Time of India

Tata Consumer doubles down on quick commerce, eyes growth beyond traditional retail

Quick commerce is going to reshape the business of consumer goods going forward, said PB Balaji, non-executive director of FMCG firm Tata Consumer Products Ltd. Addressing shareholders during the company's 62nd annual general meeting held virtually on Wednesday, Balaji said the company has strengthened its execution on emerging channels with ecommerce contribution growing more than five times enabled by exponential growth in quick commerce. "As we look to the future, we are deepening our focus on quick commerce, pharmacy and food services as high potential emerging channels,' he said. Balaji chaired the AGM in absence of Tata Consumer Products chairman and Tata Sons chairman N. Chandrasekaran. He said health conscious and premiumization are trends which will continue for food and staples. Live Events Balaji said the company is navigating through a world that is both dynamic and demanding. "Geopolitical uncertainties, shifts in global supply chains, advances in generative AI and climate events continue to test business resilience," he said. He said artificial intelligence is rapidly transforming every function—from demand forecasting and content generation to inventory optimization and pricing intelligence. Tata Consumer Products posted a consolidated net profit growth of 6% year on year to reach Rs 1,287 crore in FY25, while revenue grew 16% yoy to reach Rs 17,618 crore.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store