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This is an archive article published on February 20, 2011

Meru Cabs plans overseas foray in 2011

Meru Cabs plans to venture overseas by the end of this year.

Having cornered close to a 50 per cent market share in India,radio cab service provider Meru Cabs plans to venture overseas by the end of this year.

“We have about a 50 per cent share in the domestic market. We think this is the right time to enter the global market,” Meru Cabs Chief Executive Rajesh Puri told PTI here.

“We are in talks with the governments of three-four countries and plan to start our operations by end-2011,” he said.

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Puri,however,did not identify the markets the company plans to enter.

The country’s largest radio cab service provider wants to ramp-up its operations by adding 2,000 cars and hiring an equal number of drivers by end-2011 to meet consumer demand.

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