Latest news with #L&TMRHL
India.com
20-05-2025
- Business
- India.com
Hyderabad Metro Announces 10% Discount On Ticket Fare Days After Hike
Hyderabad Metro Ticket Discount: The Hyderabad Metro Rail management has announced a 10% discount on the newly increased fares, which started on May 17. L&T Metro Rail (Hyderabad) Limited (L&TMRHL) said the discount will be available from May 24 and will apply to all routes across the three metro corridors. The company said this decision was made after listening to passenger feedback and to make travel more affordable while also managing costs. Last week, the metro had increased fares by Rs 2 on the minimum fare, raising it from Rs 10 to Rs 12, and by up to Rs 15 on the maximum fare, making it Rs 60. This was a 20–25% hike overall. This is the first fare increase in seven and a half years since the metro service began. L&TMRHL said the hike was recommended by the Fare Fixation Committee (FFC). The discount in fare is part of a long-term plan to keep the metro running smoothly and sustainably. However, the hike was not well received by commuters, many of whom demanded a rollback. The opposition party, Bharat Rashtra Samithi (BRS), urged the government to withdraw the hike immediately by absorbing the cost on behalf of the Hyderabad Metro Rail. Responding to public concerns, L&TMRHL announced a 10% discount on the revised fares. The company stated that this decision underscores its commitment to addressing passenger needs while maintaining operational sustainability. 'While the fare revision was essential for the sustainability of metro operations, we understand the importance of minimizing the financial impact on our valued passengers. In alignment with our passengers' feedback and welfare, we have decided to offer a 10 percent discount on the newly revised fares across all fare zones in all three metro corridors, effective May 24, 2025. This move demonstrates our dedication to making daily commuting more accessible,' said KVB Reddy, MD & CEO of L&TMRHL. The FFC, chaired by a former High Court judge, was constituted by the Centre on September 5, 2002. It had recommended a revised fare structure on January 25, 2023. The committee had proposed a two-stage fare hike two years ago, with a six-month gap between each stage starting from February 2023. However, due to various factors, including the general elections, the implementation was delayed. While announcing the fare hike, the company stated that it could no longer afford to postpone the decision, as losses had been mounting. It emphasized the need for funds to procure new metro trains and increase service frequency during morning and evening peak hours. (With IANS Inputs)
Indian Express
20-05-2025
- Business
- Indian Express
After hike, Hyderabad Metro Rail announces 10% discount on fares from Saturday
Days after it announced a fare hike, the L&T Metro Rail (Hyderabad) Limited (L&TMRHL) on Tuesday announced a 10 per cent discount on the newly revised fares, across all fare zones in all three Metro corridors. The new fares will come into effect from Saturday. The L&TMRHL, which built and operates the Hyderabad Metro Rail Limited (HMRL), had recently announced a travel fare hike ranging from Rs 2 on the minimum fare of Rs 10 to Rs 15 on the existing maximum fare of Rs 60, effective from May 17. The hike announcement was the first ever for the Metro since its inception in November 2017. 'As a responsible urban transit operator, L&TMRHL remains committed to providing efficient and affordable mobility solutions to the people of Hyderabad. While the fare revision was essential for maintaining the sustainability of Metro operations, we understand the importance of minimising the financial impact on our valued passengers,' KVB Reddy, MD and CEO of L&TMRHL, said. 'In alignment with passenger feedback and welfare, we have decided to provide a 10 per cent discount on the newly revised fares, across all fare zones in all three Metro corridors from 24 May 2025, demonstrating our dedication to making daily commuting more accessible. We truly appreciate the continued support of our passengers and assure them of our unwavering commitment to delivering a reliable and commuter-friendly metro experience,' he added. The fare revision was introduced based on the recommendations of the Fare Fixation Committee and as part of a comprehensive strategy to ensure the long-term sustainability of Metro operations and maintenance.
