MQT on 2006-11-18
Session date: 
November 18, 2006
Question By: 
Murad Qureshi
Labour Group
Asked Of: 
The Mayor


London Taxis International have recently signed a deal with Chinese car firm Zhejiang Geely to build 20,000 black cabs and components. Do you think that this will result in a decrease in the cost of a cab for drivers to buy or hire daily, and therefore see a reduction in the annual rise in cab fares for passengers?


Answer for Taxis

Answer for Taxis

Answered By: 
The Mayor

TfL's Public Carriage Office is aware that London Taxis International (LTI) has signed a deal with Zhejiang Geely. However, this was a business decision made by LTI and as a result, the PCO is not in a position to comment on any impact on the future costs of cabs to either buy or hire. Nevertheless, future costs will continue to feature in the cost index, which is used as a basis for determining taxi fares.