The company, which suffered a massive drop in market share with the entry of Uber and Ola in 2012-14 period, is now expanding its fleet to take on the heavily funded rivals.
The company is currently present across six cities, including Delhi and Bengaluru, with a fleet size of about 2,500 cars.
The company, which ran into huge losses due to entry of aggregators like Ola and Uber, plans to revive market share with aggressive investment in technology and taking fleet size to 8,000 vehicles.
Taxi operators and online cab aggregators currently collect about 6 percent service tax (including cess), from passengers
Starting this month,Ola will charge an undetermined amount if the customer does not cancel within five minutes of booking a normal cab and two minutes of booking a shared one.
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.
Fair trade regulator CCI's order follows a probe into complaints filed by Meru Travel Solutions Pvt Ltd against Uber India and two of its group firms, including the Netherlands-based Uber BV, alleging violation of competition laws.
The radio cab service has the brand and the customers. So why is it still running up losses?