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Jaguar Reveals its First Electric Car I-Pace

28Jun By Lavina TolaniNo Comments

News

Jaguar Reveals its First Electric Car I-Pace

While the automotive industry is gearing up for next Electric Vehicle boom in the world, luxury vehicle brand of Indian Tata Motors, Jaguar has finally unveiled its first production electric vehicle-the I-Pace. It is interesting to note that Jaguar had first showcased the iPace concept in 2016 and now in 2018, the production-spec version of the all-electric SUV has is nearing its global debut in a couple of days at the 2018 Geneva Motor Show. Jaguar had been extensively testing the car and in fact, the design, according to Ian Callum, Jaguar Director of Design, 'is developed by using physics'. As per auto experts, the new electric vehicle will amp up competition for rival Tesla Model X. The company has confirmed that it has successfully tested the SUV across Europe in temperatures ra...

Eyeing on 300 Crore Profit, Indian Railways Will Allow Space For App Based Cab Service

15Feb By NitishNo Comments

INDIA, News

Eyeing on 300 Crore Profit, Indian Railways Will Allow Space For App Based Cab Service

Encashing the growing demand for application-based cab services, the Indian Railways is all set to provide space for such facility at about 500 major stations, eyeing an annual profit of Rs 300 crores. Railway Minister Suresh Prabhu will unveil the new policy for app-based cab service next month along with providing parking space and kiosks near major stations. The Railways at present earns about Rs 122 crores a year from parking spaces across the country. With the new policy, the national transporter envisages Rs 200 crores more annually from these parking spaces, a senior official said. Though a passenger can still avail Ola or Uber service through the mobile application, allowing a kiosk and adequate parking space near busy stations is expected to ensure good business for the a...

Ola, Uber Welcomed Indian Government Decision on Regulating The Taxi Industry

22Dec By NitishNo Comments

News

Ola, Uber Welcomed Indian Government Decision on Regulating The Taxi Industry

Leading ride-hailing firms have praised an Indian policy blueprint on regulating the taxi industry, saying it would offer their app-based services a chance to flourish despite their concerns about price caps. A committee set up by the Ministry of Road Transport and Highways recently published its findings, stating that India needed one regulatory framework for the taxi industry to promote mobility and discourage car ownership. It also said that aggregators, such as Uber, Ola and Meru, should be included under a "fair, uniform and transparent" regulatory framework, along with radio taxis and traditional city taxis. The report's recommendations came against a backdrop of battles with city authorities on issues such as dynamic, or "surge", pricing that the ride hailing firms say they ne...

Decoding India’s passenger conveyance: From Traditional Horse Carriages To Modern-Day fleet cabs, radio taxis and rental cars

20Dec By No Comments

Story

Decoding India’s passenger conveyance: From Traditional Horse Carriages To Modern-Day fleet cabs, radio taxis and rental cars

“Why own a car, when you have a taxi at your doorstep?” has emerged as a trending concept in India. India is witnessing a revolutionary change in urban road passenger conveyance – from traditional horse carriages of only a few decades earlier to modern-day fleet cabs, radio taxis and rental cars. The industry, very new and growing fast, is already valued at $6-$9 billion. The following new models of business operation are visible in the Indian context: Marketplace/ aggregator business model This model has emerged as the most popular model operated by large players like Uber, Ola, Meru, Taxi for sure (‘TFS’) (acquired by Ola in a cash and stock deal of $200 million), YourCabs, TaxiGuide, TaxiPixi, and BookmyCab, etc. In this model, drivers register themselves with the operato...

After cabs, Uber plans own ‘Uber wallet’ in India

1Sep By No Comments

News

After cabs, Uber plans own ‘Uber wallet’ in India

US-based cab service provider Uber is planning to come up with its own mobile payment wallet in India, according to sources. It is planning to apply to RBI for the licence. At present, consumers can pay for Uber trips via Paytm wallet. It recently tied up with Airtel Money to facilitate payments via the latter's wallet as well. The latest plan is in line with the firm's ambition to make India its second biggest market after the US. It recently entered four new Indian cities, taking its tally to 22 cities. "It would be a natural progression for Uber in India given the importance it attaches to Indian market.The growth plans will get a further boost if it gets the nod from RBI for a semi-closed wallet ," a source close to the development said requesting anonymity . When contacted, a...