The Competition Commission of India (CCI) coordinated taxi aggregators, for example, Uber and Ola to execute self-guideline measures to address worries about surge pricing. In a warning, the CCI likewise encouraged the improvement of a clear and transparent policy for the distribution of surge pricing estimating income among drivers, and ride-hailing applications.
The competition watchdog likewise threatened the organizations with enforcement action’ assuming they took part in any anti-competitive behaviour. The warning followed a report named ‘Market Study on Competition and Regulatory Issues Related to the Taxi and Cab Aggregator Industry: With Special Reference to Surge Pricing in the Indian Context,’ which mentioned various observable facts about India’s ongoing taxi aggregator market. The CCI has guided all major players to guarantee that the total breakdown of the total fare is clearly noticeable on the applications and that the surge component is reflected in the invoice.
