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|Table of Contents|
|Indian Radio Cab industry is a Sunrise industry characterized by huge demand, high growth rates and plenty of buzz.
It is an organized industry which was started to solve the intra city commuting problem of people. Although it originated many years back, the industry really took off in 2006-07 when Meru Cabs and Easy Cabs started their operations and expanded their fleet in a big way. Over a span of five years, the industry reached the size of ~xx radio cabs mainly concentrated in Mumbai, Delhi NCR, Bangalore and Hyderabad. In terms of value, the Indian Radio Cab market is worth Rs x.x billion. The industry is dominated by four companies, Meru Cabs, Easy cabs, Mega cabs and Tab cabs who have cumulatively garnered x% market share.
|Even after reaching xx cabs, the demand far outstrips the supply.
The ever growing population of the major cities, increasing income levels of middle class population, the strained public transport system (local trains, buses) which are running at more than 100% capacity, the rising traffic woes in large cities (long waiting time on roads because of traffic jams, difficult driving conditions because of heavy traffic) and private companies offering reimbursement of taxi fares to their employees are all the factors that have resulted in more and more people opting for radio cab services.
|Though the demand is huge, the industry is plagued by supply side constraints which are hindering its growth.
Dearth of availability of quality drivers, delay in obtaining permits in certain cities like Mumbai, lack of government guidelines for running radio cabs in certain states/cities, higher maintenance expenses are some of the problems that the radio cab companies are grappling with, which is restraining them from expanding rapidly.
|Key highlights and uniqueness of the report
|Reasons to purchase the report:The radio cab industry appears to be a very attractive industry with ample growth opportunities from outside. However, this industry is marred with various operational as well as competitive challenges which have prevented the industry from being profitable till date.
|Note: PLEASE READ OUR SAMPLE PRESENTATION AND TABLE OF CONTENTS TO UNDERSTAND THE INFORMATION PROVIDED IN OUR REPORT|
This report is prepared from in-depth primary and secondary research. We have met all the stakeholders including the top management of radio cab companies, drivers, union leaders, company staff, customers and government authorities for the purpose of our report. Secondary research includes information from company websites, company filing in government database, press releases, news articles and information from other multiple sources.