Ride-hailing firms such as Ola and Uber can only draw a fee of up to 20% on ride fares in India, New Delhi said in guidelines on Friday, a new setback for the SoftBank-backed firms already struggling to improve their finances in the key overseas market. The guidelines, which for the first time bring modern-age app-based ride-hailing firms under a regulatory framework in the country, also put a cap on the so-called surge pricing, the fare Uber and Ola charge during hours when their services see peak demands. According to the guidelines, Ola and Uber — and any other app-operated, ride-hailing firm — can charge a maximum of 1.5 times of the base fare.

Topics:  delhi   south asian   ujjwal chaudhry   bangalore-based    while   lac   ola   uber   india   rules   surge pricing   guidelines   fare   firms   ride   fee   market   drivers   ride-hailing   lead   companies   costs   charge   services   passengers   cars   insurance   cap   rides   shared   female   app-based   cab   impact   times   aggregators   offer   fares   hours   share   growth   driver   partner   friday   firm   

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News