Uber gets specific regulation for the first time in Latin America

Ignacio Rodriguez, the spokesman for the group Organized Taxi Drivers of Mexico City, said in a statement that it would fight the new regulations in court.

The city government announced vehicles used by Uber and other competitor services would need to have a value of more than 200,000 pesos ($12,674). That was in fact 50,000 pesos fewer than in breeze regulation noticed by Reuters a while back, and more when compared to business organisation had wished. Additionally, every Uber vehicle will have to gain an annual permit worth 1,599 peso, to be paid by the driver.

Nevertheless, the rules did not impose a limit to the number of vehicles Uber could deploy around the city, which Mexico City had threatened to do in its preliminary proposals.

Earlier on Wednesday, the firm said the minimum value of 200,000 pesos had “no logical benefit” to the city.

The bare minimum start-up company rate for older drivers make use of its most… She added that the company was relieved that a previous plan to enforce a minimum auto age of five years was scrapped.

The controversial ride-hailing service, which has been valued at over $40 billion, has come under increasing pressure from regulators in recent months in various parts of the world.

Pedro Soria of the United Taxis and Leaders group says the new rules favor the apps.

City council isn’t quite sure what to make of Uber, and is looking elsewhere for guidance.

Yellow Cab Co. and 18 others that operate in California metropolitan areas including San Franciso and Los Angeles sued Uber in March, claiming it misleads customers about its background checks for drivers and driver safety.

Ride-booking applications like Uber and Cabify were allowed to run in Mexico City, however, required to have their permit.

“We didn’t expect the city’s government to react so violently towards us”, he said.