India Radio Taxi Services Market Forecast and Opportunities, 2020

India Radio Taxi S ervices Market Forecast & Opportunities , 2020

M a r k e t I n t e l l i g e n c e . C o n s u l t i n g

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I n d u s t r y B r i e f

India Radio Taxi Services Market to Grow at Over 17% through 2020

Increasing adoption of aggregator model along with changing travellers’ lifestyle and preferences todrive radio taxi services market in India

According to recently released TechSci Research report, “India Radio Taxi Services Market Forecast& Opportunities, 2020”, radio taxi services market in India is forecast to grow at over 17% through2020. The market has been witnessing robust growth over the last few years as customers areincreasingly shifting from traditional taxis to radio taxis. The growing inclination of customerstowards radio taxis can be attributed to various tangible and intangible offerings like bookingconvenience through mobile applications, air conditioning, educated and skilled drivers andoperators, multiple payment options, 24×7 customer support, electronic fare meters, panic switch,GPS, etc.

In 2011, radio taxi companies in India started adopting the Aggregator Business Model. Since thelaunch of this concept in India, the radio taxi services market in the country has been witnessingtremendous growth. Currently, companies operating under aggregator model are exhibiting doubledigit growth, and rising adoption of this model is opening up the market for unorganized taxioperators, providing them with an option to switch to organized radio taxi services market. Majorradio taxi service providers in India include ANI Technologies, Uber Technologies, SerendipityInfolabs, Meru Cabs, Carzonrent and Mega Cabs, among others. With major presence in metrocities as well as major tier-2 cities, these players are increasing focus on expanding their servicenetwork in tier-3 cities as well.

“Radio taxi services market offers a lucrative business opportunity in India, as a result of which alarge number of investors are expressing interest in this business domain. Venture capitalists,private equity firms and angel investors, both of domestic and international origin, have made hugeinvestments in India radio taxi services market over the last few years. Aggregator model basedOLA, is the largest operator in India, having raised more than USD650 million worth of funds frominvestors till mid-2015.”, said Mr. Karan Chechi, Research Director with TechSci Research, a researchbased global management consulting firm.

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T a b l e o f C o n t e n t s

S No. Contents

1. Research Methodology

2. Analyst View

3. Radio Taxi Services Business Models

4. Organized Vs. Unorganized Market

5. India Radio Taxi Services Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1. By Region

5.2.2. By Company (Owned and Aggregator wise)

5.2.3. By User Segment

5.2.4. By Payment Mode

5.2.5. By Vehicle Type

6. India Radio Taxi Services Market - Top 8 Cities Analysis

7. Radio Taxi Investor Analysis

8. Radio Taxi Tariff/Fare Structure Analysis

9. Market Dynamics

9.1. Drivers

9.2. Restraints

10. Market Trends & Developments

10.1. Introduction of Radio Taxi Apps

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10.2. Popularity of Cab Advertisements

10.3. Increasing E-commerce in Radio Taxi Services

10.4. High Demand from Corporates

10.5. Collaborations and Investments

10.6. Increasing Promotional Activities

10.7. Educated and Skilled Drivers and Operators

10.8. High-end Cars being Inducted in the Fleet

10.9. Increasing Penetration in Tier-II and Tier-III Cities

11. Policy & Regulatory Landscape

12. India Economic Outlook

13. Competitive Landscape

13.1. Competitive Benchmarking

13.2. Company Profiles

13.2.1. ANI Technologies Pvt. Ltd

13.2.2. Uber Technologies

13.2.3. Serendipity Infolabs Pvt. Ltd. (TaxiForSure)

13.2.4. Meru Cabs Company Pvt. Ltd.

13.2.5. Carzonrent (India) Pvt. Ltd. (Easy Cabs)

13.2.6. Mega Cabs Private Limited

13.2.7. SMS Taxi Cabs aka Tab Cabs

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13.2.8. Fast Track Call Taxi Management Service Private Limited

13.2.9. NTL Call Taxi Private Limited

13.2.10. Wings Radio Cabs

14. Strategic Recommendations

15. About Us & Disclaimer

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Baseline Methodology:

For the purpose of this study, TechSci Research obtained information through Delphi technique, i.e., multiple rounds

of telephonic interviews were conducted with radio taxi drivers operating in India. The technique was implemented

as the information available from secondary sources such as annual reports, paid databases (Hoover’s etc.), press

releases and news articles was limited. The information thus gathered through primary interviews was cross-verified

through industry experts to generate meaningful results. Actual figures may show a maximum deviation of ±5% to

figures included in the report.

Sources :

Economic Intelligence Unit (EIU), Hoovers, Business Week, Company Annual Reports, Factiva, One Source, Company

Annual Reports, News Articles, etc.

Companies/Dealers Interviewed

OLA, Meru Cabs, TaxiForSure, Mega Cabs, Easy Cabs, Fast Track CallTaxi, Tab Cab, NTL Cab, Wings Cab, Quick Cab, Chanson Cabs, SkyCabs, Metro Cabs.

Report Sections Approach

Fleet Size of Each Company While analyzing each section of radio taxi services market in India, TechSci

Research interviewed radio-taxi companies. Further, TechSci Research

interviewed 100 officials and 1,000 radio taxi drivers of leading radio taxi

companies. All the information gathered was carefully analyzed, and data

points that exhibited high deviations from the majority estimates were

eliminated as outliers and the remaining refined data points were put

together to arrive at the final data points for each company.

Aggregator & Owned Fleet in

Total Fleet of Each Company

Top 8 City Analysis

Radio Taxi Investors’ Analysis

Currency Conversion: 1USD= INR63

R e s e a r c h M e t h o d o l o g y

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Unorganized Market, 50%

Organized

Market, …

2014

Figure 2: India Radio Taxi Services Market Share,

By Organized & Unorganized Market, By Volume,

2014*

S a m p l e D a t a - S n a p s h o t

Figure 4: India Radio Taxi Services Market Size, By Value (USD Million),

By Volume (Thousand Units), 2010-2020F*

50 100 150 200 250 300 350 400 450 500 550

100200 300

400500

600700

800 900 1,0001,100

2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F

Value (USD Million) Volume (Thousand Units)

Table 2: South India Radio Taxi Services Own and

Aggregator Fleet, As on 30th June, 2015 (Units)

Particular Fleet Size

Own Fleet XXX

Aggregator Fleet XXX

Total XXX

Figure 7: India Aggregator Fleet Radio Taxi Services Market

Share, By Company, By Volume, 2014–2020F

16.50% 15… 14.50% 13.50% 12.50% 11.50% 10.50%

3.50% 3.40% 3.30% 3.20% 3.10% 3.00%

2.90%

11.00% 12.00% 13.00% 14.00% 15.00% 16.00% 17.00%

22.00%24.00% 26.00% 28.00% 30.00% 32.00% 34.00%

2014 2015E 2016F 2017F 2018F 2019F 2020FOthers Meru Cab Taxi For Sure

Figure 9: India Radio Taxi Services Market Share, By User Segment, By

Volume*, 2014

Individuals, 33%

Corporates, 33%

Tourists,

34%

2014

Individuals, 33%

Corporates, 33%

Tourists, 34%

2020F

XXXXXXX

XXXXXXX

XXXXXXX

XXXXXXX

XXXXXXX

XXX vehicles

XXX vehicles

XXX vehicles

XXX vehicles

XXX vehicles

XXX vehicles

XXX vehicles

XXX vehicles

XXX vehicles

XXX vehicles

Type of Model

Total Fleet

Size**

Aggregator Fleet

XXX Cities

XXX Cities

XXX Cities

XXX Cities

XXX Cities

Geographical

Reach*

XXXXXX

XXXXXX

XXXXXX

XXXXXX

XXXXXX

Owned Fleet

ANI Technologies Pvt. Ltd aka OLA Cabs

Uber Technologies

Meru Cabs Company Pvt. Ltd.

Serendipity Infolabs Pvt. Ltd. aka TaxiForSure

Fast Track

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R e p o r t O r d e r i n g

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Report Name: India Radio Taxi Services Market Forecast and Opportunities, 2020

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Disclaimer:The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made thatit is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sourcesincluding which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of anyinformation and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that ithas no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can changewithout notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage ofthe same for purpose other than internal will require prior approval of TechSci Research.

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