Chandigarh Suspends Ola's Aggregator Licence for Six Months Over Rule Violations
Chandigarh State Transport Authority has suspended ANI Technologies' aggregator licence for six months, citing breaches of 2025 Aggregator Rules covering driver insurance, training, fare regulation, and an unreported office relocation. The action immediately halts Ola operations in the city and signals tighter enforcement that could reverberate across Rapido and Uber.
Chandigarh State Transport Authority suspended Ola parent ANI Technologies' aggregator licence for six months citing violations of 2025 Aggregator Rules, including non-compliance on driver insurance, training, fare regulations and unreported office relocation.
Why this matters
Adds regulatory pressure to Ola's mounting troubles after Vanguard slashed ANI Technologies' valuation 99% to $70M and a recent Tricity driver strike disrupted operations ahead of its IPO push.
Retail-company signals steady at 3,065 over the last 90 days.