Nearly 30% fall in airfares after Vande Bharat trains launch: Report

Indian Railways monitors demand for Vande Bharat trains based on gender and age.

Livemint
Published23 Oct 2023, 07:43 AM IST
Vande Bharat Express train
Vande Bharat Express train

Indian Railways has started monitoring the demand for Vande Bharat trains on the basis of gender and age of passengers. The data include the number of males, females, and transgenders traveling on the four Vande Bharat routes — three from Mumbai to Shirdi, Goa, and Solapur. 

For the first time, the Central Railway collated data that revealed the highest number of passengers traveling in Vande Bharat Express starting from Mumbai belonging to the age group of 31-45 years, followed by 15-30 years of age. 

In total, there are 85,600 males, 57,838 females, and 26 transgenders traveled in Vande Bharat Express trains between September 15 to October 13, according to a report published by Hindustan Times.

The railways collected this data in an effort to popularise Vande Bharat trains and increase footfall. The recent data on occupancy ranges between 77% to 101% in September. 

“Children (1–14 years old) made up about 5% of passengers on average throughout this time, whereas transgender people made up 4.5% of all Vande Bharat passengers,” said Shivraj Manaspure, chief PRO of Central Railway as quoted by HT. 

According to estimates from the industry, after the introduction of the Vande Bharat train, there has been a sharp decline of 10–20% in air traffic and a reduction of 20–30% in airfare, Manaspure added. 

Paresh Rawal, Public Policy Analyst (Mobility and Transportation) stated that this macro data will play a crucial role in Railways' revenue generation from non-fare boxes, HT reported. 

“This data will give the industry a fair idea about the audience. In addition, this data will also help Indian Railways in planning future improvements in services, food menu and other amenities,” Rawal said. 

Railway Minister Ashwini Vaishnaw has said Kashmir is soon set to get Vande Bharat express train on the Jammu-Srinagar route. He added that the train has been designed in a unique way so that they run very smoothly in those temperatures and altitude.

Catch all the Business News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:23 Oct 2023, 07:43 AM IST
Business NewsNewsIndiaNearly 30% fall in airfares after Vande Bharat trains launch: Report

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Axis Bank share price

    1,181.30
    03:29 PM | 4 OCT 2024
    5.85 (0.5%)

    Tata Steel share price

    166.75
    03:56 PM | 4 OCT 2024
    -0.2 (-0.12%)

    Oil & Natural Gas Corporation share price

    295.20
    03:58 PM | 4 OCT 2024
    3.1 (1.06%)

    Tata Motors share price

    930.70
    03:56 PM | 4 OCT 2024
    4.7 (0.51%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Mahindra & Mahindra Financial share price

    301.65
    03:29 PM | 4 OCT 2024
    -20.5 (-6.36%)

    Kfin Technologies share price

    1,015.00
    03:29 PM | 4 OCT 2024
    -63.85 (-5.92%)

    Godrej Properties share price

    2,897.70
    03:57 PM | 4 OCT 2024
    -170.55 (-5.56%)

    Adani Energy Solutions share price

    963.45
    03:58 PM | 4 OCT 2024
    -52.75 (-5.19%)
    More from Top Losers

    VIP Industries share price

    563.85
    03:57 PM | 4 OCT 2024
    40.8 (7.8%)

    Oil India share price

    572.25
    03:59 PM | 4 OCT 2024
    33.4 (6.2%)

    JK Paper share price

    489.95
    03:43 PM | 4 OCT 2024
    27.1 (5.86%)

    Home First Finance Company India share price

    1,245.35
    03:40 PM | 4 OCT 2024
    63.15 (5.34%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      77,685.00-10.00
      Chennai
      77,691.00-10.00
      Delhi
      77,843.00-10.00
      Kolkata
      77,695.00-10.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.86/L0.00
      Chennai
      100.75/L-0.10
      Kolkata
      104.95/L0.00
      New Delhi
      94.72/L0.00

      Popular in News

        HomeMarketsPremiumInstant LoanMint Shorts