On Tuesday, Finance Minister Nirmala Sitharaman had said change in mindset of millennials, who now prefer taxi aggregators like Ola and Uber instead of committing for monthly installments to own a car, was among one of the many factors responsible for the slowdown in the automobile sector.
The body of the victim was discovered three weeks ago on a property beside an isolated village road in the Bagalur police limits near the Bengaluru international airport by locals. There was no evidence of her identity, other than the clothes she was wearing.
Pickup.ai is co-founded by Inder Singh and Ritwik Saikia. The start-up uses autonomous technologies like artificial intelligence, computer vision and sensor fusion to provide seamless AI-powered solutions for businesses.
Ola Electric is currently running several pilots involving charging solutions, battery swapping stations, and deploying vehicles across two, three and four-wheeler segments. In 2018, Ola announced ‘Mission: Electric’ to bring 1 million electric vehicles on Indian roads by 2021.
Uber and Ola, both backed by Softbank Group, would need to start converting their fleet as early as next year to achieve 2.5% electrification by 2021, 5% by 2022, 10% by 2023 before hiking it to 40%, according to the person and the records that have been reviewed by Reuters.
Several startups — backed by big Silicon Valley venture firms and Uber’s Indian competitor, Ola — are betting that shared motorbikes are better suited to wallets and transportation needs than the cars that are the heart of the ride-hailing industry.
Aggarwal and Son reached the preliminary deal to inject more cash into the India startup in 2017. Under terms of the agreement, SoftBank would invest $250 million right away and then plow the rest of the $1.1 billion within six months.
The complaint was filed by NGO Nyayabhoomi through its secretary Rakesh Agarwal. The court said the clauses of the City Taxi Scheme (CTS), 2015 mandate that only fares “prescribed” by the transport department can be charged. To know more about the story watch out the video