Mumbai, India, June 15, 2012 --(PR.com
)-- The taxi transportation system in India has long been characterized by paucity of well-maintained vehicles, tampered meters and unruly behavior of drivers. Private operators understood the the potential lying in a new and improved means of communication through radio cabs. Demand for radio cabs have been soaring in the metros and large cities. 'MNC' executives, tourists, IT sector executives as also affluent Indians opt for a faster and smoother means of transportation through well maintained radio cabs. Today, radio cabs capitalize on the comfort and availability quotient to attract people even though fares are comparatively higher than regular cabs.
The report begins with an introduction section which throws some light on the concept of radio cabs. It speaks about the difference between radio cabs and ordinary cabs as well as deliberates on the growth potential of radio cabs in the future. A brief flowchart in the functional framework is also shown. It then moves towards a description of the Indian radio cab market stating its market size and growth. The next part throws some light on the business model adopted by the operators in the country along with examples. This is immediately followed by the revenue model wherein the components that generate revenues are discussed in detail. The section is concluded with a Porter’s Five Forces Analysis for the sector.
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