Rising demand for safe and convenient public transport, increasing commercialization and aggressive promotion by radio taxi operators have boosted the growth of Radio Taxi market in Bangalore. Additionally, benefits such as hassle-free booking and convenient payment model have resulted in the growing popularity of the Bangalore Radio Taxi market.
Affordable pricing models, increasing demand from corporate sector and lack of safety and security in other public transport modes have attracted commuters, especially working class to opt for radio taxis in Bangalore. Additionally, increasing disposable income and rising working class population in the city have further helped the cause.
According to Anuj Mehrotra (Senior Research Analyst, 6Wresearch-India Electronics Division), “The vast IT culture and abundance of tourist places have amplified the requirement of safe and efficient public transport in the region. Moreover, factors such as accurate fare calculation, GPS-enabled vehicles as well as convenient booking and payment model have further attracted commuters towards the radio taxis.”
“Absence of skilled drivers, vehicle unavailability due to high demand-supply gap and over- expensive fares during late-night and peak hours are few factors which are restricting the growth of Bangalore Radio Taxi market.”
Over the last few quarters, Bangalore Radio Taxi market witnessed entry of new operators backed by global investors. Further, increasing competition in the market has compelled the operators to devise new payment model and taxi segments eventually benefiting the end user.
Bangalore Radio Taxi Market Report provides in depth analysis offering insights on market share. The report estimates and forecast overall Bangalore Radio Taxi market by revenue, overall, owned & aggregator fleet size, service providers and avg. & aggregator trips