Cheaper to call a Cab ?

Times of India ( 09 Aug ) published a CRISIL RESEARCH STUDY report on “ Economies of Owning a Car vs Riding an OLA / UBER “

Findings :

·         A personal car is cheaper only if the distance driven is over 15,000 km annually and with a chauffeur , this doubles to 30,000 km

·         Total Cost ( fixed + variable ) per km of owning a personal car is as high as Rs 36 / km , if you drive only 6000 km per year

·         At 42,000 km / year , this drops to Rs 11 / km

·         At 12,000 km / year , it drops to Rs 22 / km

·         Cost per km of a Cab is assumed at Rs 19 / km

No wonder , UBER is growing by leaps and bounds !

Look at its statistics :

·         5.5 million trips in Aug 2016

·         9.4 million trips in July 2017

·         450,000 registered drivers on its platform ( 285,000 active in July )

·         1.3 million rides a day in July 2017, across 29 Indian cities

Comparable figures for OLA are not available except that OLA has 800,000 driver partners !

India has approx. 200 million vehicles

Out of this some 30 million passenger cars

Assume that , out of this , some 20 million are self driven cars

If half of these run 12,000 km ( or less ) per year , their owners could , over next 10 years , change over to hailing a UBER / OLA , generating employment for 10 million drivers !

That is , nearly ONE MILLION drivers per year !

It seems “ SHARING  ECONOMY “ has arrived

AirBnB is another example

What other “ UNDER-UTILIZED “ resource will come under the spell of this  NEW ECONOMY , next ?

Look up :

Whowill obsolete Whom ?  ( 20  Aug  2015 )

https://myblogepage.blogspot.com/2015/08/who-will-obsolete-whom.html

14  Aug  2017

www.hemenparekh.in / blogs