Taxi companies across London are investing in a new generation of vehicles.

Demand for 08-registered TX4 cabs has been bullish over the last three months, despite concerns about the economy.

Taxi firms appear to be shrugging off higher operating costs and record fuel prices.

LTI Vehicles, a dealership with branches in the capital, said single-month sales of the new TX4 taxis had reached a record level of 60 units.

"This new record reflects a successful first quarter for the next-generation London taxi," said Peter Rigden, general manager of LTI's Mann and Overton London dealership.

With fuel prices such a concern, taxi companies are under even greater pressure to keep other costs down.

Shopping around for fleet insurance is one of the ways any company running a number of vehicles can save money.

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