Effect of Coronavirus Pandemic on Taxi Booking App

As we know, coronavirus pandemic is spreading all over the world. Many countries are going for lockdown and In India, lockdown started on 25th March. Although, Coronavirus affects the daily routine or even working scenario of every Industry. People are in fear, they are keeping the social distance. As per government order, you can’t go anywhere unnecessary and can't stand together more than four people. While you are not traveling anywhere, so we can understand the Travelling business and how to run over the city as well as outside also. 

 

Ola, backed by Softbank Group, wants loan waivers for drivers and a delay in tax payments to make up for lost income due to the Coronavirus outbreak, according to a source and document saw by Reuters. (Source)

Taxi Booking Businesses are dried up easily in the Quarantine. As other companies allow work from home and restrict people from coming out from home, taxi apps have got the big loss.

Some of the largest technology companies — including Flipkart, Twitter, Paytm and a bunch of other MNCs that have a few thousand employees — have asked staff to mandatorily work from home. Several others, including Swiggy, Uber, Ola, have given their workers an option to work out of home.

Toeing the Line

As per the reports, approx 50% drop off has come in the sales of Taxi Booking Apps. Already these drivers struggle to make money after footing huge loan payments, insurance bills, and fuel costs. Now, their livelihoods are being put even more in jeopardy. Fear of being infected has already driven 5% of Bengaluru drivers working for ride-hailing platforms to leave for their hometowns.

Wrap up 

Taxi Booking Apps are facing loss in this quarantine but now suggested that these taxis should be used at the time of emergency. It will give the another boos of this business.