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News on Medial
Govt allows cab aggregators to charge up to 2X of base fare during peak hours
YourStory
·
1m ago
Medial
As per the guidelines, the fare notified by the state government for the respective category or class of motor vehicles, shall be the base fare chargeable to passengers availing services from the aggregator.
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No surge pricing for Ola, Uber as K’taka announces uniform fare for taxis
Inc42
·
1y ago
Medial
The Karnataka transport department has announced a new fare structure that will impact app-based cab aggregators like Ola, Uber, and Rapido. Under the new regime, surge charges will not be allowed during peak hours. The fares have been divided into three categories based on vehicle cost, with prices ranging from INR 100 to INR 130 for a 4-kilometer commute. The government aims to bring independent cab operators and app-based aggregators under one fare regime. This decision follows the Karnataka government's previous ban on auto services operated by Uber, Ola, and Rapido.
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Why Ola, Uber Cab Drivers Are Protesting in Mumbai? Here’s What They Want – Outlook Business
OutlookIndia
·
22d ago
Medial
Mumbai's Ola and Uber drivers are protesting for better working conditions, fare parity with traditional taxis, a ban on bike taxis, and welfare support. Nearly 90% of app-based drivers joined the strike, impacting commuters. They met with Maharashtra's Transport Minister but received no clear commitment. The protest highlights drivers' demands for a more equitable framework, amid government updates allowing ride-hailing platforms to charge up to double fares during peak hours under revised guidelines.
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Nasscom urges Karnataka govt to review uniform taxi fare rules
Economic Times
·
1y ago
Medial
The National Association of Software and Service Companies (Nasscom) has called on the Karnataka government to re-evaluate the uniform fare structure for taxis that was recently introduced. Nasscom argues that the rules do not take into account the additional services provided by app-based taxi aggregators, and that surge pricing should be allowed. They have suggested that if dynamic pricing cannot be restored immediately, app-based taxi aggregators should be permitted to charge service fees in addition to the existing fares. The new fare structure divides vehicles into three categories based on their cost, but does not allow for surge pricing.
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K'taka HC Caps Service Charges For App-Based Auto Rides At 5%
Inc42
·
1y ago
Medial
The Karnataka High Court has rejected petitions filed by online aggregators challenging a government order that limited service charges. The court's decision was welcomed by the state's transport minister, who stated that the government would file a caveat in the High Court concerning the matter. In 2022, the Karnataka government issued a notification capping the service charge imposed by ride-hailing platforms at 5% of the base fare.
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BluSmart’s U-turn in zero surge pricing? E-mobility startup charts new fare for ‘Rush Hours’
Inc42
·
1y ago
Medial
Delhi-NCR-based electric mobility startup BluSmart has introduced a new fare structure, including surge pricing during rush hours and reduced rates during relaxed hours. The rush hour timing for city rides is from 8:30 am to 10:30 am and 5:30 pm to 8:00 pm on weekdays, while airport rush hours are from 3:30 am to 6:30 am and 9:00 pm to 1:00 am daily. The aim is to increase availability and reliability during peak traffic hours. BluSmart recently raised $24 million in funding for expanding its electric ride-hailing service.
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Bengaluru cab driver used fake screenshot to scam airport passengers, Charged five times the fare
IndianStartupNews
·
1y ago
Medial
In Bengaluru, a scam involving a cab driver at Kempegowda International Airport has been targeting passengers by presenting a counterfeit fare screenshot, resulting in charges up to five times the actual fare. The scam specifically targets passengers using Ola/Uber services at the airport. The lack of assigned drivers through the app at the airport allows fraudulent activities to go unnoticed. Despite the scam affecting many individuals, formal police complaints have been rare. One victim's social media outcry led to the driver's brief detention, but complaints about the driver's aggressive behavior and the passengers' helplessness in the situation have surfaced.
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‘Needs to die...’: Online outrage over fare hikes to taxi mafias exposes fault lines in Goa’s tourist economy
Business Today
·
1m ago
Medial
In Goa, rising concerns over tourist safety, fare hikes, and transport issues have sparked online outrage. A recent assault at a hotel and a ban on app-based cabs highlight local issues with the taxi mafia and inflated prices. Social media backlash criticizes the state’s handling of tourism, citing a hostile environment for visitors. The government's reluctance to allow cab aggregators is seen as protecting local taxi unions, drawing calls for increased competition from other coastal states.
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Karnataka issues uniform fare structure for cab aggregators
Economic Times
·
1y ago
Medial
The Karnataka government has implemented a uniform fare structure for aggregator-operated cabs, including popular platforms like Uber and Ola. Under the new structure, fares will be distance-based depending on the cost of the vehicle, eliminating the differentiation between ride-hailing cabs and city taxis. The minimum fare for vehicles costing up to Rs 10 lakh is set at Rs 100 for 4 km, with additional charges of Rs 24 per km. Operators will also be allowed to charge additional fees for luggage. Surge pricing will not be permitted under the new regulations.
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Single-window licensing portal for cab aggregators likely by year-end
Livemint
·
25d ago
Medial
The Indian government plans to launch a centralised portal by the end of the year for cab aggregators like Ola, Uber, and Rapido. This single-window clearance system aims to streamline and speed up the licensing process across different states, integrating various state approval mechanisms. The unified process will allow these companies to enter new markets more rapidly, which would promote growth and innovation in the ride-hailing sector.
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Ixigo takes on MMT with trip guarantee feature for train travelers
Entrackr
·
7m ago
Medial
Full-stack online travel aggregator (OTA) Ixigo has launched a travel guarantee feature for train travelers, positioning itself as a direct competitor to its arch-rival, MakeMyTrip. The Gurugram-based company claims that its new feature provides a 3X refund (1X ticket refund and 2X wallet refund) if a traveler’s waitlisted PNR fails to confirm. This feature also allows passengers to explore and book alternative last-minute travel options, with the added benefit of higher monetary compensation for unconfirmed train tickets. According to Ixigo, this initiative aims to tackle the challenges of long waitlists during peak travel periods while protecting passengers from last-minute fare hikes. 'This not only provides greater financial value but also empowers travelers to rebook their journey through alternate travel options without having to worry about last-minute fare hikes. With this initiative, we aim to make train travel more reliable, convenient, and worry-free for everyone,' said Dinesh Kumar Kotha, CEO of Ixigo Trains in a stock exchange filing. MakeMyTrip introduced a similar feature in 2021, offering 3X refunds under the scheme. The new feature is expected to resonate well with Ixigo users, as the company dominates the train-booking space, generating 53% (Rs 110 crore) of its revenue from train bookings last quarter. Ixigo reported total revenue of Rs 206 crore and a PAT of Rs 13 crore in Q2 FY25. In comparison, India's largest OTA, MakeMyTrip, reported Rs 1,772 crore in revenue for Q2 FY25 but did not provide a detailed income breakdown for train bookings.
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