Ever since the face-off between Ola and Uber started in the major cities of India, both the cab aggregator companies have been trying to woo customers with attractive prices. Generally, the prices have been below the market rate of what the private taxi owners charge. However, according to reports floating online, this might change soon as Ola and Uber are under tremendous pressure because of decreasing revenue and increasing cash burnout.
Over the last few days, Ola and Uber drivers have been on strike demanding fair distribution of incentives as they were promised at the beginning. According to the drivers, at the time of joining, they were promised big sum of money, however, gradually it has decreased and also, the addition of a number of drivers everyday is affecting their business.
A rough figure, which is floating across internet suggests that the cab aggregator companies were paying ₹2000 – ₹2500 as per day incentive to drivers completing a quota of 10 – 15 rides per day, however, currently, the figure has come down to as low as ₹600.
Drivers held protests in various parts of the country and the whole ecosystem came to a halt in last few days as majority of the drivers went on strike. It seems the companies have convinced them to get back on road, however, the negotiations haven’t come out in public yet.
Customers have been on the happy end lately with low priced cab with great facilities, however, now it seems that the happy period is about to end.