Search CarGuide.PH

March 13, 2023

TNVS Applicants Flock To Grab As LTFRB Removes COC Requirement

Grab Philippines welcomed a huge crowd of TNVS aspirants in the second leg of its GrabCar-AVAN last March 4. GrabCar-AVAN is the leading super app’s initiative to help fill the 4,000 TNVS slots opened by LTFRB last January.

Last Saturday, almost a thousand TNVS applicants flocked GrabCar-AVAN which took place in the Grab Philippines Partner Center in Marikina City. Grab attributes the increase in applicants to the removal of the Certificate of Conformity among the requirements of the Land Transportation Franchising and Regulatory Board (LTFRB) for TNVS franchise application.

The Certificate of Conformity (COC) is essentially proof that the bank financing the TNVS applicant’s car loan is allowing it to be used as a ride-hailing vehicle. 

Today, TNVS applicants no longer need to submit the bank-issued COC for the application of the Certificate of Public Convenience (CPC) after the passing of LTFRB’s Board Resolution No. 005 Series of 2023 last March 02.

Among the applicants during the recent GrabCar-AVAN leg was 52-year-old Gregorio Garcia. Garcia has been a GrabCar driver-partner since 2016, paying ‘boundary’ to rent a car from an operator. But thanks to Grab’s partnership with Toyota Financial Services, Garcia was able to get his own car this January, allowing him to process his TNVS franchise as the owner. 

Formerly a jeepney driver, Garcia now plans on getting another unit to rent out to his fellow TNVS drivers. “Talagang malaki ang tulong na naibibigay sa akin ni Grab, unang una sa pinansyal – halos lahat ng pangangailangan namin nakukuha namin rito gaya ng mga gastusin sa bahay, pambayad ng kuryente at tubig. Ngayong may sarili na kong unit, nag-paplano na ako na makakuha ng isa pa sa mga susunod na taon para maging negosyo ko na siya talaga. Maraming salamat sa Grab,” shares Garcia.

Grab Philippines is expecting to process more applications in the upcoming legs of GrabCar-AVAN in light of the decrease in the number of LTFRB’s franchise requirements

Grab Philippines Senior Director for Operations Ronald Roda shares: “We thank the LTFRB for making it easier for more Filipinos to earn an equitable living through ride-hailing - and it is clearly manifested with the outpouring of applicants from our recent GrabCar-AVAN. We are optimistic that through this development and programs such as GrabCar-AVAN, we are taking the right step towards providing more livelihood in the ride-hailing sector, while offering our commuters with safe, reliable, and more affordable means of mobility for their everyday needs.”

No comments:

Post a Comment

Feel free to comment or share your views. Comments that are derogatory and/or spam will not be tolerated. We reserve the right to moderate and/or remove comments.