Happened to talk to an auto rickshawallah in Delhi recently. Some interesting insights though not verified. Since they are coming directly from the horse’s mouth,should be generally true:
1.There are 90k auto rickshaw permits in Delhi and new ones are not being issued.
2.One auto rickshaw driver who owns the auto-rickshaw,earns on an average Rs25k per month.
3. Some auto rickshaw drivers rent out theirs for night shift @250 per night + 50%of cost of maintenance.
4.An auto rickshaw from outside Delhi is fined Rs 5k as soon as he enters Delhi. Vice versa is not true.
5. The permit can be sold for upwards of Rs 3lakhs which together with the cost of vehicle at about Rs 1.25 lakh results in on road price of about Rs 4.25 lakhs.
Full article here
05Dec
Happened to talk to an autowallah uncle an year ago. Did not ask his financials but got to learn that with his 35 yrs of auto-ing, he got his two sons married, got them one shop as well as one floor each and was living happily with his wife. Pretty clear funda person. Did not overcharge me (started with meter voluntarily like many of those whom I come across).
Hoping to see many more such souls!