Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<div type="image" msid="57889767" hostid="261"></div>

 
 The <keyword id="44734" type="ORGANIZATION" weightage="20" keywordseo="Indian-Government">Indian Government</keyword> has been focused towards promoting e-vehicles in order to meet the ambitious target of selling 6 million <keyword id="6354973" type="ORGANIZATION" weightage="20" keywordseo="electric-vehicles">electric vehicles</keyword> by 2020. 
 
Sales of electric vehicles in the country rose to 37.5% to 22,000 units in the year ended 31st March 2016 from 16,000 in 2014-15. India’s automobile industry is the sixth largest in the world and accounts for 22% of the country’s total manufacturing output and Electric Vehicles can play an important role in increasing the share of manufacturing in India’s GDP from the current 15% to 25% by 2022. 
 
<a href="http://www.businessinsider.in/ddb-mudra-group-announces-a-youthful-leadership-transition/articleshow/57876999.cms">ALSO READ: DDB Mudra Group Announces a Youthful Leadership Transition</a> 
 
Although the adoption of EVs in India has witnessed a number of bottlenecks, the government has been committed to making India a 100% EV nation by 2030.Under a unique and innovative scheme named as FAME, Government will provide incentives up to Rs 1.38 lakh for every electric car sold and this is why it makes a lot of sense for public transport to follow suit and adopt this environment-friendly option. <keyword id="6354720" type="PERSON" weightage="20" keywordseo="Ola">Ola</keyword> is all set to roll out electric vehicles across key cities in India and this move is aimed towards building a more sustainable transport solution in the country. 
 
<a href="http://www.businessinsider.in/shopclues-merchants-can-ease-cash-flows-by-availing-advance-payments/articleshow/57877624.cms">ALSO READ: ShopClues’ merchants can ease cash flows by availing advance payments</a> 
 Bhavish Aggarwal, CEO, and Cofounder, Ola had recently said in an event organized by <keyword id="3401025" type="PERSON" weightage="20" keywordseo="t-hub-hyderabad">T-Hub Hyderabad</keyword>, “We shall be rolling out electric cars in top cities in the next three months. We will shortly identify the cities where the pilot project will be launched and any decision to scale up the roll out of e-vehicles will be taken on the basis of feedback we receive.” 
 
<a href="http://www.businessinsider.in/This-exclusive-club-in-Mumbai-charges-Rs-ten-lakhs-as-membership-fee/articleshow/57870267.cms">ALSO READ: This Exclusive Club in Mumbai Charges Rs. Ten Lakhs as Membership Fee</a> 
 
The home-grown cab aggregator’s move can be instrumental in not just economies of scale but also encourage production of more environment-friendly transport in the country.

Ola to be the first cab aggregator in India to introduce e-cabs

You are on a business trip or a vacation, traveling to <keyword id="3658" type="COUNTRY" weightage="100" keywordseo="India">India</keyword> or going abroad, <a href="http://www.businessinsider.in/Meru-Cabs-is-actually-better-off-after-Ola-and-Uber-began/articleshow/48759979.cms">Meru</a> will now be ready at your service in just one click. <keyword id="205081" type="CITY" weightage="100" keywordseo="Meru">Meru</keyword> Cabs, India’s most preferred radio cab service today announced a global alliance with <keyword id="3107665" type="UNKNOWN" weightage="100" keywordseo="eCab">eCab</keyword>, a global mobile app by <keyword id="28249" type="COMPANY" weightage="100" keywordseo="europe">Europe</keyword>’s leading taxi service provider <keyword id="3107780" type="UNKNOWN" weightage="100" keywordseo="Taxis-G7">Taxis G7</keyword>. This will provide high-quality cab services to foreign travelers in India and to Indian travelers going abroad with eCab mobile app. 

	“We are delighted to partner with Meru Cabs, one of the most reputed and experienced Indian players in the category. With our shared commitment towards customer centricity, technology and innovation, we believe there are synergies between the companies. Through this partnership, international passengers can now avail a global, affordable and convenient taxi travel experience via our international network of partners,” said Laurent Kennel, CEO, eCab.
 

	Though it has been launched in six cities, Mumbai, Delhi, Chennai, Hyderabad, Bangalore and Pune, <a href="http://www.businessinsider.in/This-is-how-Meru-Cabs-plans-to-give-Ola-and-Uber-a-run-for-their-money/articleshow/46622043.cms">Meru is planning to expand</a> it to all the 23 cities by the end of this week.
 

	“With this strategic alliance, Meru expects a growth of 25-30 percent by the end of this quarter,” said Prem Kalliath, COO, Meru.
 

	Launched in 1905, Taxis G7 transports 20,000,000 passengers per year with 13,000 taxis available in Europe.
 “We choose Meru as being the largest <keyword id="85393" type="UNKNOWN" weightage="100" keywordseo="Radio-Taxi">radio taxi</keyword> services in India, it would be able to give the required scale and quality to the app”, said Laurent. 

	All the features of the app will be accessible with a special mention to the seamless cashless payment option of the app.
 

	In fact eCab is planning to expand its features to suit Indian customers more. Soon they will launch services like lady drivers like Meru Eve and a low cost option.
 

	“We might introduce high end services and VIP services as well,” Gilles Gomis, head of Business Development, eCab, who also heads the India operations, told Business Insider India.
 

	Though there are no premium services available for the app users as such at present, but they might soon launch some exclusive offers, said Prem.
 

	Talking about beating competition in the market with <a href="http://www.businessinsider.in/Ola-changes-tact-to-beat-Uber-at-its-game-Plans-to-invest-Rs-5000-crore-/articleshow/48970068.cms">Ola</a> and <a href="http://www.businessinsider.in/Uber-Believed-To-Be-Keen-On-Acquiring-Meru-Cabs/articleshow/46108451.cms">Uber</a> with this alliance, Prem told BII,”We believe this is a standalone good quality opportunity in the market. We did not introduce this to beat any competition as such. We are focussed on how to make this a fair game.”
 
 
(Image credits: Genesis Burson-Marsteller)

Meru becomes the first Indian radio taxi player to enter strategic international alliance

<ul><li>EV penetration is set to reach 6-8% by FY27 compared to a mere 1.3% in FY23 as per a CRISIL report.</li><li>The total cost of acquisition (<keyword id="21010615" type="General" weightage="20" keywordseo="tca" source="keywords">TCA</keyword>) is lower for EVs but the total cost of ownership (<keyword id="19896738" type="General" weightage="20" keywordseo="tco" source="keywords">TCO</keyword>) is higher as compared to other variants, says the report.</li><li>For e-cabs, the TCA is higher than that of TCO but charging infra and other factors play a crucial role in adoption.</li></ul> <keyword id="19895203" type="General" weightage="20" keywordseo="electric-vehicles" source="keywords">Electric Vehicles</keyword> (EVs) are here to take over the auto market. In the US, this growing trend is close to reaching double digits in terms of penetration among personal vehicles. Even in India, the penetration is growing as domestic manufacturers increasingly gravitate towards the EV segment. In addition to Tata Motors’ EV versions of Nexon, Tigor and <keyword id="20075324" type="General" weightage="20" keywordseo="tiago-ev" source="keywords">Tiago EV</keyword> and MG’s ZS — many other automakers are entering the EV lane too. Foremost among them is <keyword id="19909974" type="General" weightage="20" keywordseo="maruti-suzuki" source="keywords">Maruti Suzuki</keyword>, which is planning to launch its first EV by 2025, and Renault’s electric Kwid, Zoe and KZE are also expected to come to India soon. MG Motor India already has a couple of fairly successful EV models and plans to introduce many more soon. For foreign brands like Tesla, policy roadblocks on imports, proved to be a limiting factor so far. However, the <a href="https://www.businessinsider.in/business/auto/news/new-ev-policy-elon-musks-tesla-may-soon-enter-india-as-import-taxes-slashed-for-electric-vehicles/articleshow/108527306.cms">recent changes in the Indian policy landscape</a> lower the import taxes if the companies commit to manufacturing in India in the subsequent years. Such policy incentives are likely to attract even more global EV brands to India. But what do these new models of new-age tech cars mean to car buyers sitting on the fence? As per a recent analysis by CRISIL, the total cost of ownership (TCO) or total cost of ownership of passenger vehicles could work in favour of EVs in the next three years for Indian buyers. So, how does the math work for prospective owners? TCA is lower but the TCO may remain higher TCO includes the purchase price of a particular asset, plus operating costs over the asset’s life span. As of FY22, the TCO of EVs was 20-30% higher than that of all three variants which is petrol, diesel and CNG. “In FY27, we expect the economics to again remain the same. However, despite not-so-favourable cost economics, higher adoption has been witnessed initially by environment-conscious buyers,” said CRISIL. The latest analysis agrees with the <a href="https://journals.sagepub.com/doi/10.1177/0361198120947089">earlier research</a> from <keyword id="20691574" type="General" weightage="20" keywordseo="world-resources-institute-india" source="keywords">World Resources Institute India</keyword> (<keyword id="20336071" type="General" weightage="20" keywordseo="wri-india" source="keywords">WRI India</keyword>) on TCO in India. The study highlighted that the TCO for EVs for personal use remains higher and may require additional financial incentives to be economically viable. The total cost of acquisition (TCA) on the other hand is lower for EVs as compared to other variants. TCA of an EV is 24% lower than that of a diesel variant, and 4% lower for a petrol variant. The TCA for an EV and a CNG variant is the same. This is due to lower registration charges for EVs amid high loan-to-value (LTV) ratios. Overall, the report expects EV penetration in the passenger vehicle segment to reach 6-8% by FY27 from a mere 1.3% in FY23. Meter down: How do EVs fare as cabs? Unlike in the PV segment, the cost dynamics are reversed for cab aggregators who want to drive in the EV lane – where even though the TCA is higher, TCO remains lower. In FY22, the TCO of EVs for cab aggregators was lower than that of petrol and diesel vehicles by around 29% and around 19%, respectively. However, the TCO of EVs is still higher than that of a CNG variant by around 13% even for commercial use. This is due to the higher running of a commercial passenger vehicle and high fossil fuel prices. The FAME-II subsidy provided by the Government of India incentivises the adoption of EVs for commercial use, including 2-wheelers, 3-wheelers, and buses for public transport. However, the TCA of an EV for a cab aggregator is still around 17% higher than that of a diesel vehicle, 26% higher than a petrol vehicle, and around 16% higher than a CNG variant. “In FY27, we expect the TCA of EVs to be lower than that of diesel and petrol variants, but higher than that of a CNG variant,” says CRISIL. The report expects the cab aggregator segment to lead the drive towards EVs, resulting in a 4% EV penetration by FY26. The taxi segment accounts for 10-15% of sales within passenger cars. However, a few challenges continue to linger, limiting the wider adoption of e-cabs on the road. A limited number of charging stations range anxiety and lack of large original equipment manufacturer (OEM) presence are hindering EV adoption. EVs used for personal use, however, are mostly charged at home, and charging infrastructure does not play a very high role there. “The lower battery cost (due to expected localisation led by the phased manufacturing programme or PMP) is expected to offset the lack of FAME subsidy and will help maintain the competitiveness of EVs against diesel and CNG variants for cab aggregators in the long run,” says CRISIL.

Electrifying auto market: Planning to buy an EV, compare their price with petrol, diesel and CNG variants

A number of Indian entrepreneurs have sought government’s attention towards the issue of <keyword id="4055995" type="UNKNOWN" weightage="100" keywordseo="Capital-Dumping">capital dumping</keyword> by foreign companies, which makes the start-up environment unfair for home-grown companies. 
 Amidst all this, Ola's founder-CEO <keyword id="1543567" type="COMPANY" weightage="100" keywordseo="Bhavish-Aggarwal">Bhavish Aggarwal</keyword> has said that it is up to the government to see if this is true and if any corrective measures are needed. 
 
Also read: <a href="http://www.businessinsider.in/ola-to-be-the-first-cab-aggregator-in-india-to-introduce-e-cabs/articleshow/57889692.cms">Ola to be the first cab aggregator in India to introduce e-cabs</a> 
 
"I think it is for the relevant government agencies to decide what is happening - whether capital dumping is happening and if it is happening, should it be prevented. As an entrepreneur, I am focused on my business. I am sure the relevant government agencies will have a look at it and decide. As far as <a href="http://www.businessinsider.in/small-business/ola-to-invest-100-crore-into-training-one-lakh-drivers/articleshow/56065748.cms">Ola </a>is concerned, we are focused and determined to build a business that can sustain and be impactful,” said Aggarwal. 
 
It was last December that Aggarwal, along with <a href="http://www.businessinsider.in/retail/e-commerce/and-now-artificial-intelligence-will-make-your-flipkart-experience-enriching/articleshow/58061636.cms">Flipkart’s </a>founder <a href="http://www.businessinsider.in/retail/e-commerce/flipkarts-ceo-believes-they-have-got-their-mojo-back/articleshow/56182560.cms">Sachin Bansal </a>had called for protectionist support from the government against their arch rivals and 
internet giants <a href="http://www.businessinsider.in/retail/e-commerce/lagging-behind-flipkart-amazon-to-launch-exclusive-smartphones-with-preinstalled-services/articleshow/58023646.cms">Amazon </a>and <a href="http://www.businessinsider.in/small-business/companies/did-uber-india-miscalculate-reducing-drivers-incentives-it-is-reviewing-its-car-leasing-scheme-now/articleshow/57810970.cms">Uber</a>, both from the United States. 
 
Also read: <a href="http://www.businessinsider.in/small-business/companies/ola-founder-compares-its-rivalry-with-uber-to-vietnam-war/articleshow/57891287.cms">Ola founder compares its rivalry with Uber to Vietnam War</a> 
 
Aggarwal had then said that these overseas companies are using India as a "<a href="http://www.businessinsider.in/bi-investigation-is-capital-dumping-killing-indian-startups/articleshow/57126105.cms">capital dumping</a> ground." 
 
However, with time, he seems to have decided to stay silent. 
 
"As entrepreneurs we sometimes do not understand the complexities of running a government. I have a point of view on it, but we will continue to building a robust business in India," he said. 
 
(Image source Wokeji)

You Searched For "eCab" and got 4 results

Ola to be the first cab aggregator in India to introduce e-cabs

BI India Bureau

Meru becomes the first Indian radio taxi player to enter strategic international alliance

Usha Rani Das

Electrifying auto market: Planning to buy an EV, compare their price with petrol, diesel and CNG variants

BI India Bureau

Ola founder says government should decide if US internet giants are 'capital dumping' in India

BI India Bureau

Popular Keywords

Buying Guides