Nagpur metro ridership up, revenue down after fare cutThe Nagpur Metro's ticket prices have a major impact on its popularity. When fares increased in January 2023, ridership dropped to 65,000 in July. However, after a 33% fare cut in May, ridership bounced back to 91,000 in August. While the lower fares attracted more passengers, revenue only increased by 12.7%...
more... in August compared to May, much slower than the 25% rise in ridership. This shows the difficulty of finding the right balance between ticket prices, passenger numbers, and revenue in a market where people are sensitive to costs.
Nagpur Metro ka ticket price strategy uske success ke liye bahut important hai. January 2023 mein fare increase hone ke baad, July mein ridership 65,000 tak gir gaya. Par May mein 33% fare cut ke baad, August mein ridership 91,000 tak badh gaya. Kam fare se zyada passengers aaye, lekin...
more... August mein revenue May ke muqable sirf 12.7% badha, jo ki 25% ridership increase se kam hai. Ye dikhaata hai ki price-sensitive market mein, ticket price, passenger numbers, aur revenue ke beech balance banana kitna mushkil hai.