Tuk Tuk Bucks

February 21, 2014 in Daily Bulletin

The kind folks at The Economist took a look at the economics of Tuk Tuks:

  • The popular three wheeled vehicles are a common sight in developing countries.
  • India is the market leader, producing 530,000 a year for its own use and 300,000 for export.
  • Cities often try to restrain their use. In Mumbai they’re banned from the central business district to keep the streets clear. Egypt is also imposing restrictions on them.
  • However they seem to be a hit with the wealthy. High end hotels are increasingly purchasing them to transport their guests.
  • One company is taking advantage of this demand by designing a tuk-tuk stretch limo that can hold six people.
  • Another is trying to improve the vehicle’s image by releasing a solar powered version.

Read more about how India became the market leader, why Egypt is placing limits on Tuk-Tuk and more over here.

Source: The Economist