Uber, which leads India’s ride-hinge market, employs about 1.4 million driver partners in 2024, reflects an increase in stable demand.
“In India, there are more than three out of every five trips Two -wheelers Or three-wheelers, “Prabjit Singh, President, Uber India and South Asia told et et at et et.
According to him, a major driver of this infection is increasing demand for inexpensive and flexible transport, especially in congested urban and semi-urban areas. Singh said that new products are also seeing categories like “large -scale development”, intercity, travel to airport and premium Prasad supported by new products innovations and strength facilities.
Even when it spreads in cases of many use, Uber’s electrification efforts remain minor. The company operates 25,000 electric vehicles (EVS) in two-, three- and four-wheeled categories, with less than 2% of its 1.4 million active vehicles in India.
Singh said, “EV adoption is increasing, but the entry is definitely low as I will like it.” He pointed to obstacles, including high financing costs, vague residual value of EVS, and insufficient charging infrastructure, as significant challenges that slow down infection. According to Singh, India’s EV ecosystem is still developing, and the cost burden of vehicle ownership remains a hindrance. He said, “Somebody has to buy property and deploy it on the platform. It is difficult for EVS,” he said. Navigate these challenges, Uber is partnership with institutional fleet operators who invest in vehicles and charging networks. Its Uber Green ServiceWhich provides EV rides, currently operational in three Indian cities. Uber is the third largest market in Uber globally by India Volume. To run further growth, the company has introduced new services such as Uber for Seniors and Uber belly and strength facilities such as Wet and Save. While EV adoption is a long-term target, Uber is currently focusing on expanding access through low cost, high-vantage dynamics options, Singh said.
