NEW DELHI: Ride-sharing firms Uber and Ola did not break price-fixing rules, the Competition Commission of India (CCI) said in a ruling in response to a complaint about their technological pricing strategy. A case brought by a private individual against the holding companies of the two firms claimed that their algorithmic pricing model "takes away the liberty of individual drivers to compete with each other and thus, amounts to price fixing".
In its judgement issued late on Tuesday, the CCI 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 CCI said.
Uber and Ola have also faced allegations from domestic rival Meru that investments in both companies by Japan's SoftBank was evidence that they were abusing their market position.
Uber declined to comment. Ola did not respond to requests for comment.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.