I felt cheated _every time_ I took a regular cab. The meter could be set to various modes (L1- Day in City, L2- Evening in City / Suburb, L3 - Late nights, etc.) and I was never sure if it was on the correct mode. Also, the drivers were rude and acted as if they were doing me a favor.
Uber although slightly more expensive, was dramatically better. The drivers were polite, helpful and I never got scammed on the charge. Moreover, I didn't have to deal with foreign currency coins and notes.
The 3 months of compensation mentioned here - is equivalent only to 1.5 months in any other country. So not overtly generous.
I'm sure their employment contracts mention 1-2 months of salary in event of termination (or a similar notice period in case the employee wants to leave) - so this is not more than committed.
(In India the "Base Salary" component is often 50% of FIXED compensation, not including bonuses. This is done to reduce the statutory requirements on the company, especially in times like this.)