NEW DELHI : Ola, backed by Softbank Group, wants loan waivers for drivers and a delay in tax payments to make up for lost income due to the coronavirus outbreak, according to a source and document seen by Reuters.
India imposed a 21-day nationwide lockdown from Wednesday to limit the spread of the virus which has infected more than 600 and claimed 10 lives in the country of over 1.3 billion people.
Ola, which like its rival Uber Technologies, has thousands of drivers in India, wants short-term, interest-free loans for taxi aggregators to meet their working capital needs as well as a six-month delay in paying certain taxes to the government, according to the contents of a letter seen by Reuters to India's federal think-tank and industry