Ola's fight against Uber to get a $300-mn push from Hyundai and Kia

The three companies - Ola, Hyundai and Kia - will co-create solutions to operate and manage fleet vehicles

Hyundai Motor Company (Hyundai) and Kia Motors Corporation (Kia) will invest $300 million in Bengaluru-based Ola. This would be the biggest combined investment to date for Hyundai and Kia. The partnership is expected to help Ola intensify its battle with US rival Uber, which is rapidly gaining share in the Indian market.

The agreement will see the three companies extensively collaborate on developing unique fleet and mobility solutions, building India-specific electric vehicles and infrastructure. They would also nurture opportunities and offerings for aspiring driver partners with customised vehicles on the Ola platform.

“India is the centerpiece of Hyundai Motor Group's strategy to