Get All Access for $5/mo

Here's What Uber India Thinks of The Regulations Imposed on the Ride Sharing Industry "We would like to say that we are in favor of regulations"

By Sneha Banerjee

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Shutterstock

Uber Technologies Inc has been dealing with a set of new rules in Bangalore covering the ride sharing industry, just around the time the California-based app-based taxi aggregator gained new firepower in the form of $3.5 billion funding from Public Investment Fund of Saudi Arabia.

Speaking about the regulations Bhavik Rathod, General Manager – South & West, Uber, said that the company had applied for a license and submitted all the required documents. However, the RTO Inspector did not accept the application when Uber approached them personally. "Hence we've sent the documents again via Speed Post and have received an acknowledgment of the same," Rathod said.

"We would like to say that we are in favour of regulations. They are a sign that the industry is being recognized. However, it is important that these regulations be progressive and not regressive. We in fact submitted our draft suggestions in February as well, but the final notification that got gazetted in April 2016 is very different from the draft regulations," Rathod said.

Keeping regulations aside

The battle with the regulators comes at a time when Travis Kalanick's Uber is doing everything it can to overtake its Indian competitor Ola (ANI Technologies Pvt Ltd). Along with a new round funding, the company has been taking steps to expand in India – one of its largest and most important markets.

The company has kept its options open on having its own payment wallet despite its current collaboration with Vijay Shekhar Sharma's Paytm. The company has also been flexing its muscles in strengthening its relations with Tata Group. It recently took a new leap with Tata Group, which is already an investor in the company via Tata Opportunities Fund, entered into a partnership to offer driver partners on the Uber platform a comprehensive vehicle purchase and ownership solution.

Currently Uber operates in 27 cities across the country and plans to add more during the current year.

Sneha Banerjee

Entrepreneur Staff

Former Staff, Entrepreneur India

She used to write for Entrepreneur India from Bangalore and other cities in South India. 

Starting a Business

He Started a Business That Surpassed $100 Million in Under 3 Years: 'Consistent Revenue Right Out of the Gate'

Ryan Close, founder and CEO of Bartesian, had run a few small businesses on the side — but none of them excited him as much as the idea for a home cocktail machine.

News and Trends

Tech Burner's Anarc Smartwatch Achieves INR 3 Cr Sales with USD 1 Mn Investment

Anarc features a patented octagonal design by Thought Over Design and Seymourpowell, with a medical-grade stainless steel body. It includes advanced technology like a Hisilicon chipset, AMOLED display, and seven-day battery life.

Business Solutions

Get Down to Business with Lifetime Access to Microsoft Office 2021 for Mac for 70% Off

Unlock essential Office tools with a one-time purchase — ideal for entrepreneurs and professionals looking to streamline their workflow.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Marketing

4 Neuromarketing Hacks to Reach More People and Maximize Results

You don't need to be a neuroscientist or have a big budget to start upping your conversions immediately.

Science & Technology

How AI-Driven Knowledge Can Build a Smarter Culture in Your Organization

AI is changing the way we share knowledge and reducing gaps that hinder collaboration and productivity. Many questions have been raised about the impact full AI integration will have on team culture. For me, it represents empowerment and an opportunity to create a continuous learning environment.