OnDemand WTP Pricing Research

Ola, Uber surge pricing to be capped; ride cancellation by driver to attract fine up to Rs 25,000 | Business Today

Ola and Uber have become the preferred mode of transport in cities like Delhi. However, the experience may not be pleasant all the time. Delhi government has realised the impact these cab aggregators have on daily commuters. To make things easy, a new proposal has been introduced which will install checkpoints and new rules for cab aggregators as well as Kaali-Peeli taxis.

According to a report by TOI, the Delhi government is working on a regulatory policy that will not only cap surge pricing but also setup various safety and security guidelines that will be made mandatory.

According to the new draft, the aggregators will have to adhere to the maximum and minimum fares. Failing to do so can attract fines up to Rs 25,000 for every violation. However, if this new policy is approved, share rides may also come to an end. Though the draft does not mention shared rides specifically, it does prohibit the driver from picking and dropping different passengers from multiple points. The final decision about pool rides will be taken by a highpowered committee.

Read complete article here:

Ola, Uber surge pricing to be capped; ride cancellation by driver to attract fine up to Rs 25,000.