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Working women in India embrace bike services in big way to reach destination

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UberMOTO, Uber app, Ola Bikes, Women riders, Working Indian women, Working women in Metros, Cab drivers, Pick up point, Droping point, Delhi and NCR, Cab services, Two-wheeler ride services, Ridesharing app, Business news

New Delhi: It was raining hard, a time when cabs usually cancel rides blaming the waterlogged roads and jammed traffic that creates problem for women.

Radhika Parashar, 25, a professional from the NCR region, took the plunge and booked an ‘uberMOTO’ to reach her home in Sector 77 in Noida.

The rider reached the pick-up point faster than cabs usually do, with a spare helmet and dropped her safe at her destination much earlier than a cab would have.

Parashar is not the only woman hailing bike-taxi services. It is increasingly seen as the new easier to book, fastest, safest yet affordable mode of transport by women in the metros.

“In Delhi-NCR, where people are so skeptical about booking cab services because of several infamous incidents, two-wheeler ride services like uberMOTO works quite well in emergency situations where there is very less time margin to make it to somewhere,” Parashar told journalist.

“Since my first experience was satisfactory, I have been regularly using uberMOTO to reach in hurried situations.”

 

UberMOTO, Uber app, Ola Bikes, Women riders, Working Indian women, Working women in Metros, Cab drivers, Pick up point, Droping point, Delhi and NCR, Cab services, Two-wheeler ride services, Ridesharing app, Business news

 

Launched in 2016, Uber’s bike-sharing initiative uberMOTO expands access to public transport as well as saves time. The most important advantage being its affordability. It gives riders affordable ride through the Uber app, with fares starting as low as Rs 12.

“Uber’s goal is to provide safe, affordable, reliable transportation at the push of a button, everywhere for everyone,” an Uber spokesperson told media persons.

“With uberMOTO, we bring a product that resonates with the people and provides another easy and affordable option for short trips around the town while creating tens of thousands of flexible entrepreneurial opportunities,”the spokesperson added.

Within a year of the launch, the ridesharing app also marked the completion of 2 million trips on uberMOTO in 5 cities — Bengaluru, Gurugram, Faridabad, Hyderabad and Ahmedabad.

It is currently available to riders in 11 cities in India — Gurugram, Faridabad, Ahmedabad, Hyderabad, Jaipur, Noida, Ghaziabad, Mohali, Ludhiana, Amritsar and Kanpur.

 

Indian professional women preferring bike service to reach destination in huge way:

 

The company has plans to expand to other cities of the country in 2019.

uberMOTO also includes standard safety features like live GPS tracking, two-way feedback and the ability to share trip details with family and friends.

“In addition, friends, riders and drivers are required to wear helmets on every uberMOTO ride, making it possible to focus on safety for riders and drivers before, during and after every trip in ways that have never been possible before,” Uber said.

“By providing helmets to riders we are helping to positively impact India’s helmet wearing rate, not only for drivers but also for riders.”

According to Uber, it is especially well suited for first mile or last mile connectivity, getting people from their homes or offices to metro stations and vice-versa.

 

UberMOTO, Uber app, Ola Bikes, Women riders, Working Indian women, Working women in Metros, Cab drivers, Pick up point, Droping point, Delhi and NCR, Cab services, Two-wheeler ride services, Ridesharing app, Business news

 

“With motorcycles being commonplace in major cities across India, there is a massive opportunity going forward, to unlock the potential of shared mobility through optimal utilisation of existing vehicles on the road and creating new options for last-mile connectivity,” Uber said.

Besides Uber, Ola’s bike service, named as “Ola Bikes”, has also received tremendous response among women riders in Delhi-NCR, Gurugram and Faridabad.

“We were the first to start this bike service in the country. Today, Ola Bike is known for being cost efficient, safe and providing the last-mile connectivity. Among the working women, we have been a preferred choice,” an Ola spokesperson told media persons.

“We always ensure the pillion and the driver both wear helmet, the bike driver follows road rules and behaves well with the customers,” the spokesperson added.

Ola bike service is present in 31 cities in India.

 

Business

SBI to auction NPA assets worth Rs 6,169 cr in March

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The State Bank of India will auction non-performing assets (NPAs) amounting to Rs 6,169 crore in the next 10 days to recover its dues from various defaulting business outfits.

The country’s largest lender carries out auctions of financial assets of those defaulters who have not paid their dues. From March 22-30, the bank, which has already put out a list of the assets, will auction these to asset reconstruction companies (ARCs), banks, non-banking financial companies (NBFCs) and FIs.

The accumulated value of assets on sale is Rs 6,169 crore and the actual realisation will happen depending on the reserve price and bids from the buyers.
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The assets include Jain Infraprojects Ltd, Kamachi Industries Ltd, Parenteral Drugs, which will go on sale on March 22. The total outstanding of this sale, which also includes a few minor properties, is Rs 1,300 crore.

On March 26, the bank has put on sale assets worth Rs 3,645 crore of some big accounts like the India Steel Corporation (Rs 929 crore) and Jai Balaji Industries (Rs 859 crore). There are other companies also on sale like Kohinoor Planet Construction (Rs 207.77 crore) and Mittal Corp (Rs 859.33 crore). The SBI will also auction assets worth Rs 1,748 crore of BMM Ispat Ltd.

On March 29, the bank will sell assets worth Rs 776 crore where Yashasvi Yarns, Sumita Tex Spin, Shekhawati Poly-yarn Ltd and Shakumbhari Straw NPAs stand at Rs 305 crore.

The NPA recovery mechanism has yielded results, with the SBI’s gross non-performing assets (GNPAs) declining by 18,099 crore to stand at 1,87,765 crore as on December-end 2018.

The GNPAs improved from 10.35 per cent of gross advances in December-end 2017 to 8.71 per cent in December-end 2018. Net NPAs improved from 5.61 per cent of gross advances in December-end 2017 to 3.85 per cent in December-end 2018.

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