NCR region have resulted in the growth of Delhi Radio Taxi market

Posted On: June 07, 2016

Increasing executive class population and emerging aggregator-based operators are driving the growth of the Delhi Radio Taxi Market - 6Wresearch

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Booming corporate culture, increasing consumer demand as well as lateral development of the NCR region have resulted in the growth of the Delhi Radio Taxi market. Additionally, a high level of customer convenience coupled with competitive fare as compared to other public transports has further fueled the demand for Radio Taxi Services in the region.

Government initiatives such as issuing permits to the fleet operators, granting licenses to the radio cab operators as well as rising investment by global investors have resulted in the entry of new players in the market over the past few years. Further, the entry of new operators in the Radio Taxi market has led players to introduce new pricing models and taxi segments eventually benefiting the end-user.

According to Pulkit Shrivastava (Research Analyst, 6Wresearch), "Rising disposable income, accurate meter readings, and fare calculation along with convenient booking and payment model have helped to create a fresh consumer base for the radio Taxi market in the region. The further huge demand-supply gap in the public transport segment in the capital region has helped the cause".

"However, factors such as lack of trained drivers, vehicle unavailability due to high demand, and absence of regulations governing the market have restrained the growth of the Delhi Radio Taxi market".

The rising number of industrial hubs and corporate parks, growing tie-ups of radio taxi operators with travel portals, and heavy discounts on fares offered to passengers due to numerous schemes and festive seasons would further drive the Delhi Radio Taxi market over the coming quarters.

Delhi Radio Taxi Market Report provides in-depth analysis offering insights on market share. The report estimates and forecasts overall Delhi Radio Taxi market by revenue, overall, owned & aggregator fleet size, service providers, and avg. & aggregator trips.

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Media Courtesy : Open PR