India is witnessing winds of change across industries and sectors. Tech evolution is working its magic and paving way for a promising business environment. Industries can thus look forward to a prospective future. One such sector that is making merry at the backdrop of technology boom is the Radio Taxi market. This industry segment has witnessed a significantly massive year-on-year growth since the year 2009. Market players like Ola, Taxi For Sure, Uber, Meru Cabs, Carzonrent etc have taken the game to another level by throwing a nail biting competition at traditional black-and-yellow taxi service operators. Customers too are overwhelmed by the service offered by tech savvy Radio Taxis with air conditioners, 24×7 customer support, GPS, electronic meters and other in-cab services.
Logistics is an important part of supply chain management. India, as a country with a prospective market penetration offers a wide scope for growth to companies operating in this domain. Over the years, the definition of business in this segment has changed tremendously and positively!
However, there are a few things that businesses need to keep on mind if they have to flourish and prosper. Read the following tips to enhance your business prospects and everlasting growth:
Self drive car rental service is a flourishing business in the service industry today. The idea behind this service is to offer cars-for-hire to people on a temporary basis for a short period of time ranging from a few hours to few weeks. The target group for this service are predominantly travellers, visitors on a trip in a new city and the ones whose vehicles are damaged for use (at least for now). This concept is very popular in the West and India is fast catching up to its western counterparts thanks to the ever evolving, fast paced technology. Tech innovations push this industry on the platforms of magnificence and scope to enhance customer services with better safety, security and processes. Dynamic nature of technology is giving this business that much required safety and trust with the commuters to lend their vehicles without any physical companion. A reason why several car rental companies are mushrooming up this quickly!
Android apps in taxi and cab management solutions primarily used by daily cab service provider is an intuitive communication alternative that not just provide convenience for the Driver, fleet operator and remotely sitting feel manager to communicate with Central operation center to retrieve booking and information but also streamlines the overall fleet management operations to enhance performance and increase ROI.
Mumbai, the financial capital of the India and magnet for people around the world to visit or earn their lively hood, makes it one of the most congested and heavily populated cities in the world. People from all zones of Mumbai including those who live in the periphery of Mumbai city are largely dependent on Public Transportation. Lot of people are dependent on ubiquitous black and yellow Taxi/Auto Services, Rental Cars, and BEST Public Transpiration and Dial a Cab service provider.
Though in nascent stages in Indian market, fleet management system is growing fast,specially in metro cities like Delhi NCR, part of this because of emerging private taxi and cab operation business. Also government regulations for installing tracking devices to ensure safety and security in public transportation system and for efficient commercial transportation has given opportunity to IT Companies to invest time and money to develop a robust and reliable business solution.
Mumbai : Soon GPS, GPRS enabled Taxis and Autos.
Mumbai Metropolitan Region will soon have Global Positioning System (GPS) and General Packet Radio Service (GPRS) installed taxis and autos on road. As one transport official quoted “we plan to include installation of GPS and GPRS. GPS vehicle tracking system will be required for new permits that will be issued by the state government “
The demand for GPS Vehicle Tracking is increasing in all parts of world. There are plenty of vendors across India to provide GPS enabled tracking system for cars, bus, trucks, bike etc. Similar demand for vehicle tracking system is seen in Bangalore, Hyderabad, Pune, Chennai and other parts of Southern India.
How to select the right vendor for vehicle tracking system in Bangalore, Chennai, Hyderabad and Other parts of India?
If your are dealt with a product offering with integrated fleet management and vehicle tracking software that can work on all modern devices like smartphones & tablets in addition to conventional web browsing machine like desktops and laptops. Here is the solution for you: Fleet Robo – Fleet Management Solutions. It is an end to end fleet management software solution that can be customized to facilitate the specific and niche requirement of companies & transporters with varied Business operational methodology.
Let’s do an interesting activity! You write down Strength, Weaknesses, Opportunities and Threats for your business in below table:-
Try to populate the list for each of the above requirement. It’s not as easy to find out things!!
As per well know saying,” The difference between success and failure for a business is, understanding about Strength and Weaknesses.” SWOT Analysis helps you in taking right decision for the same you should have precise data. “Data” helps you process it as information to build knowledge about the business. Eventually, a knowledgeable person is more certain about its action and can take better decision.