Taxi Rental Business

In: Business and Management

Submitted By ssaha1074
Words 2103
Pages 9
Radio Cabs Market ‐ Radio Cabs Market India June 2012

Executive Summary
 Radio cab market is slated top grow at a rate of z1% per annum  Business model can be differentiated into ‐ different fleet – z2 and z3 g p g g  Revenues garnered for this particular sector occurs through 2 significant heads such as z4 and z5

Drivers Drivers & Challenges
– Increase in disposable income and p p g transportation spending – Influx of tourists – Demand from corporate sector – Change in mindset  Hard and soft skills’ training for cab drivers  Increasing entertainment options inside radio cabs  Radio cabs with Wi‐Fi service

– High fares – TRAI regulation on SMS cap – Unavailability of parking space


 Collaborations with other service providers marking the sector  PE investments in the sector  Technological advancements in radio cabs  Exclusive radio cabs for women Exclusive radio cabs for women

Major Players


Company 1 Company 4

Company 2 Company 5

Company 3 Company 6



•Introduction •Market Overview M k tO i •Business Model •Revenue Model •Revenue Model •Drivers & Challenges •Government Participation •Government Participation •Trends •Competition •Strategic Recommendations Appendix •Appendix


Ease of booking and quality customer service work towards shaping growth for radio cabs in the country


Radio Cab Market – Overview
• Radio cabs business have emerged as one of the fastest growing businesses in India • Demand for radio cabs is soaring in the Indian soil especially in large cities including metros where people have enough spending power to avail of such services • Governments across different states are also encouraging growth of this sector as they believe that efficient transport…...

Similar Documents

Taxi Cab Union

...for justice and equality. The Bahamas Taxi Cab Union established itself in 1940, with only a handful of Taxi drivers who felt that they were not receiving equal opportunity in the Transportation business compared to other Tour companies, thus the struggle began. Many of the Taxi drivers (owners) came together, pooled their resources and with determination, were able to gain the Social political and economic equality we enjoy today. The union in 1977 saw the wisdom of extending it services beyond just being in the Taxi business they felt that the little they had, it was time to expand their wings and cater to a wider and bigger variety of the tourist Industry. A company known as Happy Tours was established where we continue to grow and remained committed to our simple yet lofty civil and business ideals. During the 1970’s when OPEC prices at war which saw increases in many things especially gasoline and living in general, then the President and CEO who understood wholesale travel, coupled himself with many business contracts and moved our organization forward. More business was attracted opening the way for international business expansion. Happy Tours continue to operate through its Parent company, Bahamas Taxi Cab Union and is pleased to say that all cruise ship visiting our port, in Nassau, calls on our company to its business throughout the Island. Wholesale Travel continue to be apart of our business, nothing too big we cant handle and......

Words: 317 - Pages: 2

The Rental Heart

...The Rental Heart is a short story written by Kirsty Logan. In this science fiction story we follow the main characters use of rental hearts. You can rent hearts as many times as you want to, and you can put them in your chest, so whenever you get your heart broken, you can just go to the rental store and rent a new one, and that’s what this story is about. The Rental Heart isn’t written chronologic, so it leaps in time. In this story the narrator also uses flashbacks: “Jacob was as solid and golden as tilled field, and our love was going to last forever, which in our age meant six months. Every time Jacob touched me, I felt my heart thud wetly against my lungs”. In the beginning we hear about the main character telling us, that is was the day after he met Grace he went to the rental store, where he hasn’t been for over ten years. When we hear what he thinks of Grace and the rental hearts, we get a feeling of a problem. We don’t know how many years the story courses, but we’ll assume that it’s from the main character is a teenager, to he is an adult person, because he tells us that his first love was meant to last forever and at their age it meant six months. We can tell that the story takes place in future, because you can rent hearts. The main character can be both a man and a woman, because the person is attracted both sexes, and therefor is bisexual. The story is written in first person narrator, and we hear the story from the main characters point of view....

Words: 287 - Pages: 2


...Rentals in North Carolina - - - - - - - - - - - - - - - - - - - - - House 3 bed/1bath $725 (252) 447-6170 115 Miller Blvd Havelock, NC Apartment 2 bed/1 bath $625 (252) 447-0222 115 B Witten Cricle Havelock, NC Apartment 2 bed/1 bath $625 (252) 447-0222 136 A Witten Circle House 3 bed/1 bath $750 garage 252-444-3790 116 Nunn Street Havelock NC Duplex 2 bed/2 bath garage $750 (252) 447-6170 128 Gooding Drive Havelock NC| | 2 bed/2 bath $750 garage (252) 447-8832 136 Gooding Drive Havelock NC Duplex 2 bed/2 bath $750 garage (252) 447-8832 125 Kobe Drive Havelock NC Duplex 2 bed/ 2 bath $750......

Words: 295 - Pages: 2

The Rental Heart

...Essay - The Rental Heart DELPRØVE 1 Delprøve 1a 1. | Rebecca could see that her cousin had growed several inches since they had met two Christmases ago. | | Had grown | | Dette gøres fordi men på engelsk danner førtider med have + kort tillægsform | 2. | The organisers should have foreseen the shortage of space, and at the press conference they reluctantly admitted that it had led to chaotically situations in the pool area. | | Had led to chaotical | | Chaotically får fjernet ly-endelsen I dette tilfælde, da det er et tillægsord der lægger sig til navneordet ‘’situations’’ | 3. | During dinner Stuart was painfully aware of that his wife was engaged in an intense conversation with his new colleague from the sales and marketing office. | | Of the fact that | | | 4. | They said that there was nothing they could do for me tonight, but they might could help me if I called back tomorrow. | | But they were able to help me | | | 5. | Sasha was disappeared two years ago like her father 10 years before her. | | Sasha had disappeared | | I denne sætning skal et være førdatid, som dannes ved have + kort tillægsform | 6. | With a pride Ted found touching, she flung open the door to a big room which walls were stained with what looked like patches of mold. | | She flung the door open | | Forkert ordstilling | 7. | Until recently, have we only been able to guess about the actual psychological effects of fiction on individuals and...

Words: 1027 - Pages: 5

Rental Business

...One hotly contested and highly competitive industry is the movie rental business.  You can rent videos from local video rental stores, you can order pay-per-view from the comfort of your own home, and you can rent videos from the Web at such sites as Netflix.  Using Porter's Five Forces Model, evaluate the relative attractiveness of entering the movie rental business.  Is buyer power low or high? Buyer power in movie rental business can be considered very high. As mentioned in the question, customers have wide range of choices to rent movies, from local stores to pay-per-view, to Red Box at most of national grocery chains, to online streaming and renting such as Netflix, Hulu, etc… With the technology for Internet TV in many homes today, customers can sit back on their couch and enjoy the convenience of watching any movies on demand at their fingertips, provided by Netflix, Hulu, Amazon or iTunes. Is supplier power low or high? Supplier power is low in movie rental business. Brick-and-mortal movie renting stores such as Blockbuster, Hastings, or local stores are losing their grounds in this battle for customers because they may not have the tremendous amount of copyrights to movies or the capacity of their stores to keep those DVDs. Online, there are more and more competitors joining the business, such as Netflix, Hulu Plus, Amazon Instant Video, and Apple iTunes. Each of these online competitors has obtained rights to a huge selection of movies, and the advantage......

Words: 684 - Pages: 3

Car Rental

...A car rental or car hire agency is a company that rents automobiles for short periods of time (generally ranging from a few hours to a few weeks) for a fee. It is often organized with numerous local branches (which allow a user to return a vehicle to a different location), and primarily located near airports or busy city areas and often complemented by a website allowing online reservations. Car rental agencies primarily serve people who have a car that is temporarily out of reach or out of service, for example travellers who are out of town or owners of damaged or destroyed vehicles who are awaiting repair or insurance compensation. Because of the variety of sizes of their vehicles, car rental agencies may also serve the self-moving industry needs, by renting vans or trucks, and in certain markets other types of vehicles such as motorcycles or scooters may also be offered. Alongside the basic rental of a vehicle, car rental agencies typically also offer extra products such as insurance, global positioning system (GPS) navigation systems, entertainment systems. Although some car rental companies provide self-moving cars which are often trucks and vans to customers with house moving purpose, most car rental companies offer cars such as economy cars, midsize cars, full size cars, standard cars, premium cars, SUV mostly to travelers. From this point, Car rental companies provide transportation for travelers who temporary need cars in the travel destination, so car......

Words: 522 - Pages: 3

The Market on Taxi

...slow the business was, the owners made out. When Boston Cab Company used a paid-mileage system, where the initial lease fee was less than $10/shift (about 45 cents /mile) and gas-ups on the garage dime, then the drivers were not ever placed in that serf-like scenario. I know this, because I drove under both scenarios in the very early 1980's....part of that time (2 years) as a "company" driver using their paid-mileage system, the other part as a driver of an "independent" cab that operated under the "association" (meaning painted like a Boston Cab..brown/white, with the same radio dispatch system). When I drove for the "company" (Then owned/operated by the Barenholtz brothers), I was never discriminated against, though I will say that the "window of shame" behavior was about 50 times worse than that depicted by the TV show "TAXI", with absolutely no humor involved. When I drove for an independent, then I had extreme mobility, but I had to pay a $40/shift fee and fill the cab with gas. It could be a tough nut to crack (about $50) on a daily basis at that time, but I preferred it. What seems to have happened now is that the leases are just too expensive for the drivers in relation to the fare structure and the cost-of-living. When I drove in the late 70's early 80s, the drivers of the Boston Cab system were diverse, but it seemed there were a lot of young white Americans driving. As soon as the structure became increasingly unfair, then cab driving in boston became a business......

Words: 389 - Pages: 2

Air Taxi Case

...Air Taxi – Case Study The business plan will be structured as follows: 1.- Cover Page 2.- Executive summary. 2.- Business overview. 3.- Management: Information of the entrepreneurs and the management structure 4.- Description of the business. 5.- Market analysis that will include the industry description and outlook, information about the target market, unique characteristics, size of the market, market share, pricing and gross margin targets and competitive analysis. 6.- The organizational structure and ownership information. 7.- The description of the service Air Taxi will offer. 8.- An overall marketing strategy (marketing penetration, growth strategy, communication strategy) and general sales strategy (sales force strategy and sales activities). 9.- Funding request (including the amount of money needed, how the funds would be used, the period time that each request would cover, the type of funding). 10.- Financial projections. 11. Appendix and supporting documentation Air Taxi will offer a web-based reservation tool that will examine thousands of available private aircraft for the best match to the traveler’s itinerary and desired aircraft size. The customers will include major corporations, investment banking firms, the U.S. government, affluent individuals and small business that may use jet aircraft, as they seek flexibility, information security, travel expenses management and reporting, and often booking at a short notice besides cost efficiency......

Words: 1318 - Pages: 6

Self-Driving Taxis - Uber

...Gordina Application Paper - BUAD 307 April 20, 2015 Self-Driving Taxis (Uber): Secondary Market Research Proposal Description: Self-driving taxis will be provided by Uber and would create an additional type of transportation offered to consumers. These taxis will not require a human driver to be present at the wheel. The car will include the latest technology, including GPS systems and smart traffic control, which will get the customer from point A to point B upon request and with minimal delays. The concept of self-driving cars has become very popular in the recent years. About 10 years ago, people were suspect about the safety and overall feasibility of the self-driving machines, let alone self-driving taxis. Today, as more tech companies, like Google, are coming up with these cars and testing their performance, people become more willing to give up their seat at the wheel (Emarketer). Whenever new technology comes out in the market, marketers manipulate on how a specific customer segment will react to the product. Take for example, personal computers or internet and how nobody could have predicted that these products would become a commodity. Yet, today, people can’t picture living without them. Knowing what are the benefits and costs of the product make it easier to create a marketing plan for the product. Thus, this report will cover the following subtopics: 1. Benefits and costs of self-driving taxis 2. Potential pricing strategies and costs to the......

Words: 2409 - Pages: 10

Car Rental

...ONLINE VEHICLE RESERVATION AND RENTAL SYSTEM CHAPTER 1 INTRODUCTION The advantage of having a car is that you can travel anywhere you want at any time without having to transfer from one vehicle to another. But it is not easy for an individual to have a car. Mainly because all cars are expensive and not affordable. That’s why some organizations offer a rent a vehicle service. Customers can call or walk-in in order to rent or reserve a vehicle. The current system is maybe error prone and customers are dissatisfied. An Online Vehicle Reservation and Rental System is being considered in order to reduce and totally eliminate loss of customers to competitors, and save the company from folding up. OBJECTIVES GENERAL OBJECTIVE OF THE STUDY To develop an Online Vehicle Reservation and Rental System to automate vehicle rental and reservation so that customers do not need to walk-in or call in order to reserve a vehicle. SPECIFIC OBJECTIVES OF THE STUDY * To develop a system that will allow the customers to reserve and rent a vehicle online from anywhere within the country * To make the car rental and reservation more convenient for the customers * To develop a system that can keep track of all vehicle reservations and returns SIGNIFICANCE OF THE STUDY This study was made to find out that the use of online rental system can lessen the time and effort consume by the customer in reserving and renting vehicles. Every work process activity is done by computer......

Words: 834 - Pages: 4

Taxi Sure

...prepared this case for class discussion. This case is not intended to serve as an endorsement, source of primary data, or to show effective or inefficient handling of decision or business processes. Copyright © 2015 by the Indian Institute of Management Bangalore. No part of the publication may be reproduced or transmitted in any form or by any means – electronic, mechanical, photocopying, recording, or otherwise (including internet) – without the permission of Indian Institute of Management Bangalore. This document is authorized for educator review use only by Ranjan Das, HE OTHER until July 2015. Copying or posting is an infringement of copyright. or 617.783.7860 rP os t TaxiForSure: Technical Innovation in the Radio Cab Industry Our biggest strength is our unique algorithm which combines all taxi operators within one platform. We believe it helps us in being a more efficient player and provide better service than the other radio cab operators in the industry. —Aprameya Radhakrishna, Co-founder TaxiForSure tC op yo The day had begun on a good note for the founding team members of TaxiForSure as they sat analyzing the latest figures emerging out of Delhi, the city in which they had expanded most recently. Growth had been faster than they had anticipated and several taxi operators had agreed to join their platform. Aprameya, one of the co-founders often wondered whether they had been incredibly lucky in entering the market with the right......

Words: 4137 - Pages: 17

Taxi Driver

...Taxi Driver The movie Taxi Driver, directed by Martin Scorsese, "may be the greatest first person character study ever committed to film" according to an interview of Quentin Tarantino. Within the realm of film noir there is interplay with light and darkness and there is the classic main character. The main character within every film noir has a couple key components that are common within many of the antiheroes of the genre. The film noir anti-hero, or corrupted hero, is most known for their descent moralistically or in the case of Travis Bickle, mentally. The conventions used to display this mental ambiguity is via the mis en scene, cinematography, and editing. Most normal formal elements that are used in film noir are within Taxi Driver. The hero, most of the time in film noir, is a washed up hero who is preconditioned to descend into darkness in order to let justice prevail. In Taxi Driver, Scorsese doesn’t have Travis Bickle descend in terms of moral ambiguity but rather turns Travis from oddball to murderer. Travis’ dissension mentally is synonymous to a film noir hero’s dissension morally. 
 Like many film noir heroes, Travis seems predisposed on becoming a psychopathic killer. Being an ex Marine, it seems he needs a lot of time to keep himself busy, and as a result is a complete loner. The mis en scene, editing, and cinematography of the movie show the audience many scenes that connote to his later and more troubling behavior. The lighting is a part of mis en scene......

Words: 2098 - Pages: 9

Safer Taxi

...1. What is SaferTaxi’s business model? Use Osterwalder’s canvas (*) in order to drive your analysis. El modelo de negocio de Safer Taxi, utilizando el modelo canvas podría desglosarse en los siguientes aspectos: 1. Key Partners: Alguna persona que lograra hacer una conexión con algún servicio estatal, así como también alguna empresa o persona que pudiera ayudar en la entrada a nuevos mercados o a la prestación de nuevos servicios. 2. Key Activities: Mantener un servicio de calidad, confiable y seguro. Así como también contar con un detalle o una revisión de antecedentes de los choferes. De igual forma mantener un buen nivel de mercadeo y promociones para lograr la fidelidad de los clientes. 3. Key Resources: Dentro de esta categoría deben estar incluidos los taxis y choferes adheridos al servicio, la base de datos de los usuarios y también una plataforma tecnológica acorde con las necesidades del negocio en cuanto a localización y facilidad de uso. Vale acotar que dentro de la plataforma tecnológica están incluidos los desarrolladores de la aplicación para teléfonos inteligentes. 4. Cost Structure: Una estructura de costos bastante parecida a la mayoría de nuevos emprendimientos donde prácticamente no se cuenta con una inversión importante en activos fijos, sino con capital de trabajo y un flujo de caja operacional, considerando algunos OPEX como la adquisición de los teléfonos inteligentes para los choferes. 5. Value Propositions: La proposición de valor...

Words: 1069 - Pages: 5

Taiwan Taxi Icall System Singapore, a GPS based system like the iCall seemed like the perfect fit for Taiwan Taxi. The company had plans of expanding its membership to 20,000 and believed the iCall would help it achieve this goal. Unfortunately, the iCall did not bring the success that Taiwan Taxi hoped it would which left management questioning why the system worked so well in one country and not the other. The answer to this lies in the cultural differences and a lack of understanding of the Taiwan labor force that is currently working in the taxi industry. In order to successfully implement the iCall in Taiwan, management needs to tie value to the system in order to gain support from its employees and the public. This can be done internally through the use of incentive programs, as well as externally though marketing and advertising efforts focused on safety and efficiency. Problem Statement and Project Goals Management’s failure to understand cultural differences and their impact on the implementation of a GPS system in Taiwan has led to Taiwan Taxi’s failure in obtaining its 20,000 member goal. Analysis Management Taiwan Taxi based their implementation of the iCall after the success of a similar GPS system in Singapore. The company reasoned that since Singapore and Taiwan were similar in size and density that Taiwan would have equal success in the implementation of new technology in their taxi cabs. Management however, failed to realize that the severe cultural differences would...

Words: 1481 - Pages: 6

Pink Taxi

...utilization of taxi cab service has increased over the time. A taxi business is a potentially profitable venture that you can invest on particularly if you live in the city and there are plenty of people who need the services of cabs. The taxi business is also a good business idea especially nowadays that people are already acknowledging the advantages of using public transportation over driving their own cars. If you are interested in a taxi business, here are some of the things that you will be interested to know: The Taxi cab Taxi cabs are your most important requirement to start a taxi cab business. It will be up to you to decide what car model you will use but it is best to inquire first from your licensing agency because there may be particular types of car that are required for use by taxi businesses. Operators of taxi businesses also have the option in choosing whether they will buy second hand cars or purchase new cars for their taxi business. If you prefer to use new cars for your taxi cab business, it is important that you understand it will require you to have more start up capital. You may, however, check out financing programs that you can avail of when purchasing your taxi business vehicles. Maintenance of taxi cabs will make up a bulk of your taxi business expenses so it will be wise to find a mechanic who can repair and provide maintenance of your taxi cabs on a regular basis. Other Requirements You will be required to secure a business......

Words: 5783 - Pages: 24