Mar 15, 2015

MERU CABS BUSINESS MODEL - A CAB DRIVERS INPUTS

MERU CABS BUSINESS MODEL - A CAB DRIVERS INPUTS

In a process to understand MERU Cabs business model one curious passenger had a conversation with a Cab driver to gather the information and here's the verbatim.

  • The Prospect driver has to pay  Rs. 15 K as a refundable deposit.
  • He will be put thru a series of medical tests.
  • He will then be given a MERU car to drive around.
  • The car's RC book will be in MERU's name.
  • The driver will then drive around the city for passengers.
  • The driver has to PAY MERU A DAILY FEES OF 950INR.
  • Whatever the Driver earns out of Taxi meter charges BELONG TO HIS POCKET.
  • If the Driver can EARN 1500Rs as daily revenue, then 1500-950=550Rs is HIS PROFIT/TAKE HOME for the day.
  • Oil service, dents and dinks are taken PAID BY MERU.
  • There are no Scheduled leaves for the Driver.
  • Irrespective of the Health, family occasions, un-fortunate events, the DRIVER HAS TO PAY 950INR Per Day.
  • 3,50,400INR will be paid/recovered in 1 year alone. Would a Logan/Esteem/Indigo Taxi be even worth that much by end of a year?
  • 'Seems' M&M/Maruti/TATA & (xyz) Bank was coerced into giving all these cabs's for a very throwaway loan deal after showcasing the prospect of THE AUTHORIZED CABBY OF 'n' AIRPORTs.
  • 'Seems' repayments are not that healthy and so are the maintenance bills for AMC with Manufacturers.

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