India fixes surge pricing limits for Uber and Ola drives

Ever for the reason that Covid-19 led lockdown struck in March, cab-hailing services have seen a drastic drop in revenues. Whereas each Uber and Ola have introduced in new schemes as a way to keep related and worthwhile, India’s newest pointers over surge-pricing is unlikely to make its traders completely satisfied. 

As per the brand new pointers issued by the federal authorities, cab-hailing companies within the nation can solely draw as much as 20% on journey fares with a cap on surge pricing, the fare that Ola and Uber cost throughout peak demand hours. That is undoubtedly a setback for the SoftBank-funded firms who’re struggling throughout most areas. 

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