Meru Cabs moves CCI against Ola, Uber, alleges market abuse
Domestic taxi hailing service Meru Cabs has filed complaints with competition watchdog CCI against cab aggregators Ola and Uber for allegedly abusing market dominance in four cities.
Alleging that the aggregators are disrupting the market by putting in huge sums of foreign investor money, the company said it has filed four different complaints with the CCI.
The Competition Commission of India (CCI) had earlier rejected similar allegations against Ola with regard to the Bengaluru market, saying there was no dominance as rival Uber too is a significant market player and denied interfering in the taxi services market that is yet to fully evolve.
"We have filed four complaints against Ola and Uber in top four cities of operations. They have disrupted the dynamics of the business by pouring foreign funds in the market and selling services below cost and running into losses," Meru Cabs CEO Nilesh Sangoi told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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