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Can Uber’s low-cost UberGO be an alternative for Auto rickshaws?

Online cab booking service Uber has launched a new service called UberGO that will offer fares lower than its affordable UberX service. The company claims these fares are also lower than the existing auto rickshaws fare. Through this service, Uber will be offering chauffeur-driven hatchbacks like Toyota Etios Liva, Maruti Suzuki Ritz, Maruti Suzuki Swift and will be charging consumers Rs 11 per kilometer and Rs 1 per minute with a base fare of Rs 40. In comparison, UberX charges Rs 15 per kilometer and Rs 1 per minute with a base fare of Rs 50.  Autos in Bangalore currently have a base price of Rs 25 for the first two kilometres and Rs 13 afterwards. What's also different is that these drivers are equipped with Huawei Android phones instead of iPhones that is provided to UberX and Uber Black drivers, which has probably allowed Uber to…

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Existing consumer protection regulations are not sufficient to cover the extent of protection that a crypto-investor would require.

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