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An Ola taxi ride will now be cheaper than one in an autorickshaw. Olacabs has slashed fares for point-to-point travel in Bangalore by a fourth -a move that may force rivals to follow suit. The fare for Ola Mini (hatchbacks Ford Figo and Nissan Micra) has been cut from Rs 13 per km to Rs 10, and that for Ola sedan from Rs 16 per km to Rs 13. There are no additional charges. The prescribed autorickshaw fare is Rs 13 a km.Meru charges Rs 19.50 a km, and Easy Cabs Rs 20. We are the cheapest mode of transport in Bangalore.Economies of scale and operational efficiencies have resulted in a price cut and we are passing on the benefit to the end user," said Pranay Jivrajka, VPoperations in Ola.