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HOCK LOCK SIEW

Will ComfortDelGro win the point-to-point 2.0 race against Grab?

Studies show that people who choose to drive taxis are those who want to devote more time to driving for a living

Summarise
Tay Peck Gek

Tay Peck Gek

Published Tue, Apr 29, 2025 · 05:30 PM
    • The taxi business is ComfortDelGro’s most lucrative transport segment, giving it an operating profit margin of 18.1% for FY2024.
    • The taxi business is ComfortDelGro’s most lucrative transport segment, giving it an operating profit margin of 18.1% for FY2024. PHOTO: BT FILE

    [SINGAPORE] Grab’s entry into Singapore’s taxi market is likely to give the leading incumbent ComfortDelGro a run for its money.

    Studies have shown that people who choose to drive taxis are those who want to devote more time to driving for a living. Private-hire car drivers, on the other hand, are a mix of full-time drivers and part-timers who also use their cars for personal purposes.

    Moreover, taxi drivers are permitted to provide ride-hailing trips, while private-hire car drivers are not allowed to take street-hail passengers.

    Hock Lock SiewTaxisComfortDelGroGrab

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