MUMBAI: India will allow app-based taxi aggregators such as Uber Technologies and Ola to charge up to 20 per cent commission on ride fares, according to guidelines issued on Friday , diluting an earlier proposal to cap fees at 10 per cent.
The new rules come at a time when ride-hailing companies have seen revenues drop as travellers turn to personal vehicles to ensure safety and social distancing to reduce the risk of catching the novel coronavirus. The government guidelines recommended that so-called surge prices at busy times can be a maximum of 1.5 times the base fare and that companies must provide insurance cover for drivers and limit them to working no more than 12 hours a day.India accounts for an estimated 11 per cent of Uber's global rides annually and is SoftBank-backed Ola's home market.
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