Taxi-hailing app Uber is giving a new name to surge pricing - upfront fare.
Upfront fare experiment was first tried on UberPOOL, company's shared ride service, which today accounts for 20% of global rides every day
Move will help the firm address its Achilles' heel 'surge pricing' that has received criticism from many users
The ride-hailing app company's money-grab is seemingly part of an unspoken strategy to mark its territory
State transport department has asked taxi aggregators to suspend operations till they secured licences under new norms
Slashes its rates for Uber Go to Rs 6 a km from the existing Rs 8 a km in Delhi-NCR
Company had earlier run-ins with regulators across the world in France and the US
Tata Group announced a tie up with Uber to offer drivers and owners a comprehensive vehicle purchase and financing solutions
This will enable owners and drivers to buy select Tata Motors' cars on flexible financing from Tata financing arms
It also announced partnership with Tata companies to offer driver partners on Uber platform a comprehensive vehicle purchase and ownership solution
Uber suspended UberPOP in France in July 2015 after an organised push from taxi drivers
The European Commission said this month that EU member states should only ban "sharing economy" services as a last resort
The taxi hailing app is miffed with local transport authorities' refusal to accept its application
Delhi government had issued challans to company's top executives for alleged violation of the Motor Vehicles Act
Applies for permit, to abide by fare capping and no-surge pricing rules
'We launched Uber in Chennai 2 years ago, and this is a natural step forward,' Uber India General Manager said
'We introduced cash payment here, which was a global first, said Uber India President
Cab aggregator expands service to three more cities, claims it has cut down number of km by 7 million since inception, saving 300,000 litres of fuel
The service was launched in the country about 6 months ago, which is currently available in Delhi & Bengaluru
US taxi-hailing firm raises the money from Saudi Public Investment Fund to support global expansion