Mumbai : Even as auto makers are voicing concerns over possibility of the Ubers and the Olas eating into their business, India Inc has strongly come out supporting this new disruptive business model, hailing these online taxi apps’ ability to utilise assets to the fullest.
“My view is that it is a great business model. I think it’s truly innovative. There is a new type of industry that is going to come up which is going to squeeze off (the traditional ones),” N Chandrasekaran, who heads the country’s largest software firm TCS, said at an event last week here. Pharma entrepreneur-turned-billionaire investor Ajay Piramal has hailed Uber’s ability to utilise an asset to the fullest as its biggest strength.
Citing the economic benefit of using such taxi-hailing apps, he said running costs can come down by as much as 95 per cent if he opts for the services of Uber or Ola.
“I think it’s really utilising the unutilised capacity in the system. So, in some ways, you are making the whole world much more productive,” Piramal said, adding this model is a win-win for all stakeholders.
