{"id":908433,"date":"2025-02-24T06:09:32","date_gmt":"2025-02-24T00:39:32","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=908433"},"modified":"2025-02-24T06:11:23","modified_gmt":"2025-02-24T00:41:23","slug":"cab-fares-to-rise-50-60-boosting-self-drive-rentals-wticabs-ceo","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/02\/24\/cab-fares-to-rise-50-60-boosting-self-drive-rentals-wticabs-ceo\/","title":{"rendered":"Cab fares to rise 50-60%, boosting self-drive rentals: WTicabs CEO"},"content":{"rendered":"<p>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. \u201cIf a ride costs Rs 100 today, it will rise to Rs 150-160 in five years,\u201d he told FE. <\/p>\n<p>India remains the cheapest ride-hailing market globally, but rising chauffeur costs will drive fare hikes. \u201cGlobally, chauffeur costs make up 51-59% of operational expenses. In India, it\u2019s only 23-30%. As drivers push for better earnings, fares will rise, making self-drive rentals a more attractive alternative,\u201d Vashist said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. \u201cIf a ride costs Rs 100 today, it will rise to Rs 150-160 in five years,\u201d he told FE. India remains the cheapest ride-hailing market globally, but rising chauffeur costs will drive fare hikes. \u201cGlobally, chauffeur costs make up 51-59% of operational expenses. In India, it\u2019s only 23-30%. As drivers push for better earnings, fares will rise, making self-drive rentals a more attractive alternative,\u201d Vashist said.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-908433","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/908433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=908433"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/908433\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=908433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=908433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=908433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}