Cab fares to rise 50-60%, boosting self-drive rentals: WTicabs CEO

Cab fares are set to rise by 50-60% over the next five years as drivers demand better earnings, according to Wise Travel India Cabs (WTicabs) founder and CEO Ashok Vashist. “If a ride costs Rs 100 today, it will rise to Rs 150-160 in five years,” he told FE.

India remains the cheapest ride-hailing market globally, but rising chauffeur costs will drive fare hikes. “Globally, chauffeur costs make up 51-59% of operational expenses. In India, it’s only 23-30%. As drivers push for better earnings, fares will rise, making self-drive rentals a more attractive alternative,” Vashist said.