Grab wants to add 10,000 more cars to meet growing demand
MANILA — Ridesharing firm Grab wants to add 8,000 to 10,000 more vehicles to its network to address the growing passenger demand.
The company is projecting that there was a 30-percent increase in demand since October this year, while the supply of its transport network vehicle services (TNVS) remain the same, according to Grab Philippines Country Head Brian Cu.
“The extra load of 30-percent growth in demand will be very hard to serve. What we are doing now is trying to improve our allocation methodologies and algorithms — the way the supply is set, providing incentives to our drivers to get them to drive a bit longer and to expand their opportunities for this holiday season,” Cu said in a press conference at Grab’s main office in Makati City Friday.
“The only thing we can do is to stretch our supply because we cannot add more supply,” he added.
Grab has stopped accepting new TNVS applications in compliance following the directive of the Land Transportation Franchising and Regulatory Board (LTFRB) last July pending review of regulations governing the ridesharing industry.
Grab currently has around 54,000 accredited TNVS nationwide. Of this, 20,000 are full-time drivers. (PNA)