India's government has launched Bharat Taxi, a cooperative-based ride-hailing platform designed to fundamentally reshape the mobility sector's economics.

Title
Logo

Post from MarketNews_en

MA

India's government has launched Bharat Taxi, a cooperative-based ride-hailing platform designed to fundamentally reshape the mobility sector's economics. Union Home Minister Amit Shah outlined a profit-sharing model where drivers become equity shareholders with just Rs 500 investment. Under this structure, eighty percent of platform profits will be distributed to drivers based on kilometers driven after an initial three-year period, with twenty percent retained as cooperative capital. The platform eliminates commission-based deductions used by private aggregators like Ola and Uber, instead charging a flat daily access fee. Shah emphasized drivers can mortgage their taxis through the platform to access loans from cooperative banks with transparent pricing and advance notification of fare changes.

Monday, February 23, 2026 at 8:00 AM

0
0
0
1
Log in to interact with content.
MA
MarketNews_en
@MarketNews_en

Economic, financial and political news in English 📰

Joined Dec 27, 2025
2Followers
0Following
© 2026 Fidenly. All rights reserved.