Ola cabs pulls the plug on international business amid ‘rising competition’

Cab-aggregator Ola has decided to cease its international operations in countries such as the UK, Australia, and New Zealand.

The ride hailing major pulled the plug on its foreign business due to what it said rising competition, increased government push for fleet electrification, and the company’s strategic focus on the Indian market, several media outlets reported.

The company has begun notifying users about the impending closure, with operations in Australia scheduled to halt from April 12. Ola had initially expanded into Australia and New Zealand in 2018.