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FOR IMMEDIATE RELEASE 
Increasing Disposable Income and Convenience Factor to Aid Growth in Radio Cabs Market in India  
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Market Research Report : Radio cabs market in india 2013

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For the complete report, get in touch with us at : info@netscribes.com

Abstract :

Netscribes’ latest market research report titled Radio Cabs Market in India 2013 identifies the transport scenario, wherein radio cabs are being hailed as one of the fastest growing business segments within the transport sector. Some of the factors that have driven the growth in awareness about the concept of radio cabs in India include ease of booking, accurate meter readings, trained and polite staff, competitive rates and GPS tracking, aided by the huge demand-supply gap within the segment. Although initial off-take was restricted only to corporate use owing to the myth of exceedingly high fares compared to ordinary cabs, recent trends suggest that individual users are gradually notching up the difference riding on increased disposable income and propensity towards safe and hassle-free communication.
The business model deliberates on the varied forms prevalent, with the ‘franchise’ model being the newest entrant into the market. With recent price hikes in fuel, radio cabs have followed suit and hiked their fares as well. Although fares comprise a primary source of revenue for radio cabs, advertising and subscription fees also account for a significant share of the overall revenue. With new players entering the segment, radio cabs as a proposition has come up with new technological add-ons and unique facilities that makes it more convenient and exclusive. As the country reels under deteriorated safety issues especially for women, features in radio cabs such as SMS trip trackers, vehicle trackers and associated mobile apps help in positioning the service as a more safe and convenient means of transport. Radio cabs, as a business concept, is poised for greater success not just in leading cities but also lesser known cities in India, as is evident from the expansion plans for tier II and tier III cities by leading operators.

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Transcript of "Market Research Report : Radio cabs market in india 2013 "

  1. 1. FOR IMMEDIATE RELEASE  Increasing Disposable Income and Convenience Factor to Aid Growth in Radio Cabs Market in India   Netscribes, Inc. launches a report on the Radio Cabs Market in India 2013 covering a market with strong  growth potential. It is a part of Netscribes’ Services Industry Series.  Mumbai, India – October 21, 2013 – Global market intelligence firm, Netscribes, Inc. released its latest  report on the ‘Radio Cabs Market in India 2013’. Given the rising disposable income levels among Indian  consumers, along with  distinct changes in lifestyle with a pronounced focus  on luxury, the demand for  radio cabs is slated to increase at a rapid pace over the coming years. Netscribes’ latest market research report titled Radio Cabs Market in India 2013 identifies the transport  scenario, wherein radio cabs are being hailed as one of the fastest growing business segments within the  transport  sector.  Some  of  the  factors  that  have  driven  the  growth  in  awareness  about  the  concept  of  radio cabs in India include ease of booking, accurate meter readings, trained and polite staff, competitive  rates and GPS tracking, aided by the huge demand‐supply gap within the segment. Although initial off‐ take  was  restricted  only  to  corporate  use  owing  to  the  myth  of  exceedingly  high  fares  compared  to  ordinary cabs, recent trends suggest that individual users are gradually notching up the difference riding  on increased disposable income and propensity towards safe and hassle‐free communication.    The  business  model  deliberates  on  the  varied  forms  prevalent,  with  the  ‘franchise’  model  being  the  newest entrant into the market. With recent price hikes in fuel, radio cabs have followed suit and hiked  their fares as well. Although fares comprise a primary source of revenue for radio cabs, advertising and  subscription fees also account for a significant share of the overall revenue. With new players entering  the  segment,  radio  cabs  as  a  proposition  has  come  up  with  new  technological  add‐ons  and  unique  facilities  that  makes  it  more  convenient  and  exclusive.  As  the  country  reels  under  deteriorated  safety  issues  especially  for  women,  features  in  radio  cabs  such  as  SMS  trip  trackers,  vehicle  trackers  and  associated mobile apps help in positioning the service as a more safe and convenient means of transport.  Radio cabs, as a business concept, is poised for greater success not just in leading cities but also lesser  known  cities  in  India,  as  is  evident  from  the  expansion  plans  for  tier  II  and  tier  III  cities  by  leading  operators.  For more details on the content of each report and ordering information please contact:  Phone: +91 22 4098 7600  E‐Mail: info@netscribes.com   Follow Us    About Netscribes   Netscribes (www.netscribes.com ) is a pioneering knowledge consulting and solutions firm with clientele  across  the  globe.  The  company’s  expertise  spans  areas  of  investment  &  business  research,  business  & 
  2. 2. corporate intelligence, publishing services and customized knowledge database creation. At its core lies a  true value proposition that draws upon a vast knowledge base.   For more information please write to info@netscribes.com 

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