shah: pvt firms temporarily cutting fares to beat Bharat Taxi
Ahmedabad, June 28 -- Union home minister and cooperation minister Amit Shah said on Saturday that Bharat Taxi will expand to over 500 cities including Nagpur, Pune, Mumbai, Lucknow, Chandigarh, Jaipur and Kolkata, within the next two years, even as he accused private app-based cab aggregators of temporarily slashing fares and offering higher commissions to drivers to prevent the growth of the cooperative ride-hailing platform, saying the strategy would fail.
Speaking at the launch of Bharat Taxi's Gujarat operations at Mahatma Mandir in Gandhinagar, Shah said competing companies were willing to incur losses for a limited period to stop the cooperative platform from gaining ground.
"Wherever Bharat Taxi is reaching, competing companies are temporarily reducing fares by incurring losses. This can continue only for one or two years. The companies reducing fares and temporarily offering higher commissions to Sarathis are doing so only to stop Bharat Taxi's progress," Shah said....
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