Competition Commission has rejected allegations of unfair business ways against taxi hailing apps Ola and Uber after finding no evidence of anti-competitive practices by them in the national capital.
Separate complaints were filed by rivals Mega Cabs and Meru alleging that Ola and Uber indulged in unfair practices such as predatory pricing, which is hurting their businesses. Taxi hailing apps and radio tax service providers are engaged in stiff competition in different markets across the country.
It was alleged that Ola and Uber raised huge amount of funding in several round which is helping them to unleash the anti-competitive practices. For both cases, the market for ‘radio taxi services in Delhi-NCR’, was taken as the relevant one by the regulator.
Dismissing the complaint by Mega Cabs against ANI Technologies, which operates Ola cabs, Competition Commission said the allegations made are “opposed to the basic tenets of competition law”.
Full content: DNA India
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