April 3, 2022
1 min read

India foresees 15 cr users in shared mobility sector by 2025

By 2030, India can also expect to see more categories evolving…reports Asian Lite News

Growing disposable income, inadequacy of the public transport infrastructure and the demand-supply gap will lead India’s shared mobility sector to reach nearly 15 crore users by 2025, a new report showed on Friday.

Since the public transport infrastructure is woefully inadequate to meet the burgeoning demand of an increasingly mobile population looking for convenience and affordability, nearly five times growth is expected in the shared mobility market over the next few years, according to homegrown management consulting firm Redseer.

“In the years to come, the shared mobility sector will witness greater democratisation with the share of moto increasing against the backdrop of low ARV and geographic penetration into smaller cities,” said Siddharth Surana, engagement manager, Redseer.

By 2030, India can also expect to see more categories evolving.

“Penetration in non-metros will also increase, giving a boost to the economy, and creating a viable revenue-generating opportunity for more than three million drivers across various platforms,” Surana added.

Currently, shared mobility services CIA autos, bikes and cars are being used by people for visiting someone, travelling to the office and for other entertainment purposes.

With the increased year-on-year growth expected in non-metros, the Indian market will evolve to add more categories.

The research suggested that the Indian mobility market while growing in line with the overall global trend, will see some localisation like rapid traction for two-wheelers and three-wheelers.

Post-Covid, bikes and autos have been seeing rapid traction, gaining share quickly within the wider market.

ALSO READ-India fourth largest forex holder in world

Previous Story

India’s forex reserves record sharp drop

Next Story

Arab League welcomes truce in Yemen

Latest from Business

Bitcoin Plunges as Market Faces Series of Shocks

This hacking incident has heightened concerns over the security and stability of cryptocurrencies, leading to a loss of confidence among traders and investors The price of Bitcoin has experienced a significant drop,

India’s Clean Cooking Model Offers Global Solution

Mary Burce Warlick, Deputy Executive Director of IEA, underscored that India’s success offers crucial insights into addressing key challenges around affordability, access, and infrastructure India’s success in providing universal access to clean
Go toTop

Don't Miss

India-born Rajesh Agrawal to lead London trade delegation to India

On a four-day mission from March 13-16, India-born Agrawal will

India Hits Back at US Media’s Allegations on Pannun Case

The Ministry of External Affairs’ Official Spokesperson, Randhir Jaiswal, stated