Meru Cab Planning For Expansion In 2011

By By: Vicky.in

Published: Tuesday, December 28, 2010, 18:25 [IST]

The growing market of the cars in the India has set the new trend in rental companies too to expand their business. The radio cab service provider Meru Cabs has already reached the market share of 50% and is on the verge of expanding its business in the global roads in 2011.

This was revealed by the Meru Cabs CEO that the company will initiate the operations from two regions of Asia in 2011. For this the company is investing Rs200 crore for procuring 2500 cabs before the end of the year.

There will be hiring of 2500 number of cars to meet the demand in the Meru Cab car rental market, said the company. The company"s operations are done with the existing 5000 cars he added.