Reuters :
India plans to cap commissions app-based taxi aggregators such as Uber (UBER.N) and home-grown Ola earn on rides to a maximum 10% of the total fare, financial daily Economic Times (ET) reported on Thursday, citing people privy to the matter.
The potential move could be another blow to San Francisco-based Uber after the ride-hailing firm was stripped of its license to carry paying passengers in London on Monday for the second time in just over two years over a ‘pattern of failures’ on safety and security.
Ola too has announced its expansion into London, a market also occupied by Estonia’s Bolt and the city’s ubiquitous black cabs.
This is the first time the Indian government is looking to regulate commissions collected by such firms, which currently stand at about 20%, the paper reported here.
India plans to cap commissions app-based taxi aggregators such as Uber (UBER.N) and home-grown Ola earn on rides to a maximum 10% of the total fare, financial daily Economic Times (ET) reported on Thursday, citing people privy to the matter.
The potential move could be another blow to San Francisco-based Uber after the ride-hailing firm was stripped of its license to carry paying passengers in London on Monday for the second time in just over two years over a ‘pattern of failures’ on safety and security.
Ola too has announced its expansion into London, a market also occupied by Estonia’s Bolt and the city’s ubiquitous black cabs.
This is the first time the Indian government is looking to regulate commissions collected by such firms, which currently stand at about 20%, the paper reported here.
