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Competition commission rejects price-fixing allegations against Uber and Ola

Reuters  |  NEW DELHI 

(Reuters) - Ride-sharing firms and Ola did not break price-fixing rules, the (CCI) said in a ruling issued late on Tuesday in response to a complaint about their technological strategy.

A case brought by a private individual against the holding companies of the two firms claimed that their algorithmic model "takes away the liberty of individual drivers to compete with each other and thus, amounts to price fixing".

In its judgement, the ruled that there was no evidence the two companies had conspired to fix prices.

"The drivers may have acceded to the algorithmically-determined prices by the platform (but) this cannot be said to be amounting to collusion between the drivers," the said.

and Ola have also faced allegations from domestic rival that investments in both companies by Japan's was evidence that they were abusing their market position.

declined to comment. Ola did not respond to requests for comment.

(Reporting by Alasdair Pal; Editing by and Christopher Cushing)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, November 07 2018. 16:08 IST