A St John Ambulance spokeswoman said a call was received at 1.05pm that between 30 and 40 people were trapped in the gondola carriages.
One ambulance and another St John vehicle were sent to the scene and assessed people as they came off. No one required treatment, the spokeswoman said.
St John stood down from the incident at 2.55pm.
The Herald understands several children were among the groups stuck in the carriages.
The gondola ride goes about 1km to the top of the Port Hills, almost 500 metres above sea level.