Can Dara Fix Uber's Rickety Ride In India?
Mint Mumbai|February 21, 2024
The CEO of Uber has big plans for India. But competition and tighter regulations may spoil the pitch
Sumant Banerji
Can Dara Fix Uber's Rickety Ride In India?

On Wednesday, Dara Khosrowshahi, 54, will touch down in Bengaluru for his third visit to India since taking over as the head of Uber in 2017. It isn’t the most auspicious of times for the company, which is battling many challenges in India. The most recent, if relatively minor one, is a tiff with cab drivers in Pune, who have been demanding that the company—and its rivals—charge the higher fares set by the local regional transport authority in January this year. The irate drivers had threatened to go on an indefinite strike if fares are not hiked.

After the Pune Regional Transport Office (RTO) issued a show cause notice to Uber as well as Ola, the two major cab-hailing firms in India, the drivers called off their strike, which was scheduled to begin on Tuesday. The RTO has asked the companies to explain why the revised fares have not been implemented and given them a week’s time to respond, failing which it said action would be taken. This is just one example of the run-ins Uber keeps having with regulators as well as driver partners.

If it isn't low prices, Uber India is accused of charging too much. A few weeks back, the government of Karnataka banned surge pricing - a tool commonly used by ride-hailing companies to boost revenue, in Bengaluru, one of the company's biggest markets in India. In a notification issued on 3 February, the state government introduced a new uniform fare for all cabs in the metropolis, effectively banning any kind of differential pricing.

Esta historia es de la edición February 21, 2024 de Mint Mumbai.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición February 21, 2024 de Mint Mumbai.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE MINT MUMBAIVer todo
Reduction of energy costs in the telecom sector
Mint Mumbai

Reduction of energy costs in the telecom sector

With telecom infrastructure companies looking for newer ways to cut back on energy costs, battery restoration technology provides telecom infrastructure firms with a viable, economical and green solution for uninterrupted power supply

time-read
5 minutos  |
November 15, 2024
Skip cheese and sip wine in Switzerland
Mint Mumbai

Skip cheese and sip wine in Switzerland

Beyond chocolates and cheese, there's another Swiss gem to discover — vineyards that have been passed down through the generations

time-read
4 minutos  |
November 15, 2024
Mint Mumbai

Bankers aren't always frank about bank regulation

The 'world's banker' Jamie Dimon, CEO of JPMorgan Chase, speaks his mind even if it means taking swipes at US regulators.

time-read
4 minutos  |
November 15, 2024
Baku: A climate breakthrough looks depressingly bleak today
Mint Mumbai

Baku: A climate breakthrough looks depressingly bleak today

The success of fossil fuel-favouring politics threatens the planet

time-read
3 minutos  |
November 15, 2024
Global solidarity levies can play a vital role in our climate efforts
Mint Mumbai

Global solidarity levies can play a vital role in our climate efforts

Solidarity taxes could support redistributive measures and optimize how we collectively tackle a great challenge of our times

time-read
3 minutos  |
November 15, 2024
Speak for the Earth: It's the least we should do
Mint Mumbai

Speak for the Earth: It's the least we should do

This year's Booker prize winner turns our gaze to the planet from orbit and reminds us of the climate disaster that looms. Can odes sung to Earth move the world to act in its defence?

time-read
3 minutos  |
November 15, 2024
Mint Mumbai

Aim for an efficient carbon market right from the start

India's economy is projected to grow dramatically over the next few decades. In nominal terms, it may double in size by 2030. This is exciting, but it comes with a significant risk.

time-read
3 minutos  |
November 15, 2024
Mint Mumbai

Why health insurers refuse to cover certain treatments

While 12 modern treatments are covered, many advanced procedures are yet to be included

time-read
3 minutos  |
November 15, 2024
Mint Mumbai

Address economic distress with structural reforms and not doles

Cash transfers may offer short-term relief but raising worker incomes is the only lasting solution

time-read
3 minutos  |
November 15, 2024
Mint Mumbai

FUNDING FOREIGN EDUCATION: SHOULD YOU SAVE OR BORROW?

Education financing needs vary, but early planning is key to building your desired corpus

time-read
2 minutos  |
November 15, 2024