MANILA - Ride-hailing firm Grab on Tuesday urged regulators to address the limited supply of drivers by raising the cap on vehicles operating under ride-hailing platforms to 80,000 from 65,000.
Grab can only "efficiently serve" 4 out of 10 bookings as only 35,000 active drivers are left to cater to about 600,000 daily bookings, company spokesman Leo Gonzales said.
The Land Transportation Franchising and Regulatory Board can also replace inactive vehicles in the list of accredited cars, he said.
"More should be done to end the wait of passengers, drivers and other TNCs (Transport Network Companies). We urgently request the LTFRB to replace inactive vehicles with active vehicles ready to serve the riding public," Gonzales said.
Out of the proposed 65,000 vehicle cap, only 42,000 vehicles are left operating after Uber pulled out of the market, Grab said.
California-based Uber sold its Southeast Asian operations to Grab earlier this year.