More than half of Uber's 1 mn fleet in the country comprises bike taxis and auto
Subscribe to enjoy similar stories. Bengaluru: Bike taxis and autos outnumber cars on Uber Technologies' fleet of 1 million taxis in the country, accounting for about a third of the American ride-hailing company's total revenue. The San Francisco-headquartered company also claims that 3% or 30,000 of its taxis, including cars, bikes and autos, are electric, making it the ride-hailing platform with the biggest electric fleet in the country.
"We have made significant progress for the last two to three years. We are seeing more trips on two-wheelers and three-wheelers today than four-wheelers. I'll say there are a little more than 500,000 two-wheelers and three-wheelers.
Remember, we were always the car-based service for the longest part of our business," said Prabhjeet Singh, president of Uber India and South Asia, in an interview with Mint. "These (bikes and autos) tend to be lower-priced products. (However) they are among the fastest-growing parts of our business.
Our core car-hailing business is growing in the mid to high 20s year on year, and this segment (bike taxis and auto) is growing much faster. So if more than half the trips are happening on two-wheelers and three-wheelers, about a third of the revenue will be coming from these categories," said Singh. Uber, which started operations in the country in 2013, launched its two-wheeler service Uber Moto in 2016 and started getting three-wheeler autos two years later.
However, the platform saw a significant jump in the last two years. The cheaper cost of ownership of bikes and autos compared to buying a car is one reason why more people are looking to join ride-hailing apps like Uber. However, this rapid growth in the two-wheeler and three-wheeler space could also be
. Read more on livemint.com
