Re: Ola: 7.5 lakh rides per day! Quote:
Originally Posted by phamilyman |
While many cabbies would say 18-20 per km is the break even rate, they were making obscene profits at such levels.
A ride from the railway station to my home uses to cost me 500-600( for hatchback or sedan ) for a distance of 20 KM. The same costs 250 right now.
I believe the prices are here to stay. There was simply too much easy money to be made before. The market has simply become more competitive.
Don't forget that the apps have cutdown on dead miles and wasted time. People take a lot more rides because of the convenience and low prices. I used to cringe and think twice while taking a cab before and frankly preferred taking the bus or other arrangements.
In Chennai, there is no taxi system meaning that the drivers were dependent on aggregators like Fast Track. I would beg t the drivers would easily get 3 times the number rides with these apps than with Fast Track with much fewer deadmiles and wasted time. |