SPECIAL REPORT

10,300 additional slots under a 2023 board directive.

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Despite these openings, the full 65,000-unit cap has not been activated, and the market continues to operate with a smaller pool of vehicles than originally envisioned by the regulator.

This slow activation is further highlighted by LTFRB actions in 2024 when the board postponed the rollout of 10,000 more TNVS slots after receiving objections from transport groups and local operators.

The gap between the capped supply and the activated units remains one of the most significant constraints in the sector which continues to shape competition and fare behavior even more platforms enter the market.

More platforms, limited relief

The market leader, Grab, maintains its dominance by operating a comprehensive platform that integrates ride-hailing, delivery and digital payment services.

The influx of accredited platforms forces intense competition, structurally reshaping commuter behavior by making passengers utilize multiple apps for the best rates and fastest service.

Din, a 23-year-old regular commuter, who uses multiple TNVS or ride-hailing apps, confirmed the impact of new platforms, “I tried the Green GSM car, it was really cheaper,” she said in an interview.