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HomeNewsOpinionCap on surge pricing — App cabs hit a speed hump

Cap on surge pricing — App cabs hit a speed hump

Abhijit Kumar Dutta   •

Proposed regulation not in sync with the mechanism of dynamic pricing; can increase compliance cost of ride-hailing aggregators

Heavy traffic congestion, lack parking slot availability, poor quality roads, expensive vehicle ownership cycle and reducing resale value are some of the reasons why more people are preferring ride-hailing platforms like Ola and Uber. In cities people prefer taking taxis for commute rather than owning and driving themselves (Image: Moneycontrol)

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