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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Over 20 % of India’s Bajaj’s sales revenue in SL

Over 20 % of India’s Bajaj’s sales revenue in SL

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Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

A newly introduced taxi hailing app for local three wheel vehicles, also known as tuk tuks, is promising customers the ability to connect with taxi drivers within a few minutes.According to a media statement, this mobile application, named the Tuk Tuk App, which was launched by the Tuk Tuk Network, “makes it easy to get any ride across cities in Sri Lanka with the largest network of registered taxis and three wheelers in the country”. It is downloadable via the Google Play Store for Android devices as well as the Apple App Store.

At the same time, it was also noted that the “Tuk Tuk App” is emerging as your private driver in more than 100 cities in Sri Lanka with thousands of registered Tuk Tuks and other Cab services. Tuk Tuk App offers you on-demand service, which means no reservations required, and no waiting in taxi lines.The app offers you the benefit of comparing rates for different drivers. No credit cards are involved and therefore no risk in using the app and all transactions are handled manually between the driver and the passenger. All you need to do is log in to the Tuk Tuk App and easily set your pick-up location on the map, even if you don’t know the exact address.

The app allows you to get connected to your personal driver and check the progress of your tuk tuk ride any time”.The statement also signalled that the “moment you describe your location most of tuk tuks and cab companies will refuse to come, if the distance you need to travel is less than five kilometres. Well they would say ‘sorry, there is no driver close by to your location’. Besides some tuk tuk drivers have set up their meters in a way such that you will be charged exorbitantly per kilometre. But now you find the convenience of finding any tuk tuk driver or any cab company even individual transportation service providers with the latest app that allows you to send a SMS to get a ride, as fast as possible”.

Additionally, the statement also revealed that “Sri Lanka is home to over 20 per cent of India’s Bajaj’s sales revenue with over 900,000 three wheelers”.It further indicated that “people tend to seek services of the famous ‘tuk tuk’ or the three wheeler or perhaps with the comfort of a cab services whenever they want to reach a destination faster in urban environments. Over the last few years few startups entirely focusing on tours and transport have emerged but most of those companies have not been able to meet the convenience of traveler and offer a timely service”.
It was also stated that the app also accepted “registrations from all the tuk tuks and cab services. All you need to do is type reg (space) tuk (space) and SMS to 87711″.
(JH)

http://www.sundaytimes.lk/160103/business-times/over-20-of-indias-bajajs-sales-revenue-in-sl-176984.html

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