Latest news with #UberIndia
New Indian Express
2 days ago
- Automotive
- New Indian Express
'We are open to all pricing models'
Ride-hailing Uber, which is facing heat from Rapido with its driver-friendly monthly platform fee model, says it's open to any model that helps drivers who number 1.4 million now. The San Francisco-based rider app entered the country in 2012 with just one product in one city and today boasts of close to a dozen offerings across 125 cities, most of which are locally developed and unique to this market. Uber India president Prabhjeet Singh tells Benn Kochuveedan that it grew a whopping 40% in terms of driver additions from 1 million in 2023 to 1.4 million in 2024. Your rival Rapido with its monthly platform model as against your 30% commission model from each ride is drawing a lot of attention forcing Ola to follow suit. What is your approach to this pricing model and what will be the impact on your revenue if switched to this one? We are open to all pricing models that help our driver partners. In fact, we are testing a model that's based on a monthly fee model in some cities. All our services are based on the feedback from customers and our driver partners. That we've added 0.4 million new driver partners in 2024—from 1 million in the previous year to 1.4 million—is a testimony to the success of our business model. The way we operate is not necessarily about what others do. What we care for is our partners' profitability and choices. This is a competitive market and we are continuously innovating--whether it's our features, or the way we work with drivers. We offer different operating models to our partners. For example, our auto business runs on a subscription model, we also offer different models in some cities for cabs. There is no one uniform answer, that's the power of a very diverse business and you literally can actually customize according to market demands. What we want to make sure is that irrespective of the way drivers engage with our platform, their earnings should be fair, stable, and transparent. Yes, multiple pricing models are in the market and we'll continue to iterate with drivers to ensure that they have choices. That 4 lakh new drivers came onto our platform last year alone means drivers are choosing to work with us despite having the choice of working with multiple platforms. You've nearly a dozen products here. How many of them are profitable? A very large percentage of our products are profitable. We don't report product-level profitability but at the end of the day the fact that we are growing rapidly means we are running a profitable business. We make enough money to reinvest in other new products. Our disciplined operations allow us to reinvest in categories which are future markets, so it's a portfolio of products that we manage. India business is growing strong, we continue to have a very sustainable business, and we're reinvesting profits from one part of the business to other parts. As a policy we don't publish specific revenue numbers. How is Uber Green doing? What's preventing its faster adoption? As the largest ride-hailing platform we must lead the industry by being a catalyst. For more EVs to come to our platform, I think OEMs have to come together, financing has to improve, more fleet partners with EVs have to come forward, and finally consumers have to opt for a green car which is costlier than a normal ride. We launched Uber Green about two years ago and it is now live in five cities, including Mumbai and over 20,000 EVs are on our network now. At the end of the day it comes down to an economic choice for the driver. Pricing is the biggest speed bump I would say. Ride-hailing vehicles tend to run longer, they need a certain range, price points need to be lower, there must be the right charging infrastructure. So we are trying to solve for it by working with fleet partners, recognising that they will be able to make those investments in creating captive hubs, they are able to purchase those assets but that takes time. Also the resale market for EVs is still to fully play out. Many of your services like Ubermoto, Uber Shuttle don't have licences in many cities? Transport is a concurrent subject and every state has its own rules and regulations. What we're doing is as we innovate and pilot new services we simultaneously work with respective state administrations and educate them on the need to give customers mobility choices.
Time of India
11-07-2025
- Automotive
- Time of India
Uber defends bike-taxi aggregation in Karnataka high court, questions state ban
Bengaluru: Uber India Friday argued before the high court that if motorcycles are permitted to operate as taxis, there should be no legal barrier to their aggregation through platforms like Uber. Tired of too many ads? go ad free now The submission was made during a hearing on a batch of appeals concerning the legality of bike taxis in the state. Senior advocate Srinivasa Raghavan, representing Uber, contended that aggregators play a key role in improving last-mile connectivity and alleviating traffic congestion. He said both the operation and aggregation of two-wheelers for commercial use are supported by existing legal provisions, including Section 93 of Motor Vehicles Act, 1988, which governs aggregator licensing. Raghavan said the state govt lacks the authority under Motor Vehicles Act and even the Constitution to impose a ban on two-wheeler aggregation.
Time of India
09-07-2025
- Automotive
- Time of India
Two and three wheelers rides in fast lane for Uber, Infra News, ET Infra
Advt Advt More than 60 per cent of Uber customers in India are currently opting for two- and three-wheelers, marking a shift in consumer mobility preferences at the ride-hailing platform from passenger which leads India's ride-hailing market , employs about 1.4 million driver partners, up from 1 million in 2024, reflecting steady demand growth."In India, more than three out of every five trips are now on two-wheelers or three-wheelers," Prabhjeet Singh, president, Uber India and South Asia told ET. He was speaking on the sidelines of the Uber Pragati event in to him, a key driver of this transition is growing demand for affordable and flexible transport, especially in congested urban and semi-urban areas. Singh said categories such as intercity, airport travel, and premium offerings are also seeing "massive growth," supported by new product innovations and affordability as it expands into multiple use cases, Uber's electrification efforts have remained modest. The company operates 25,000 electric vehicles (EVs) across two-, three-, and four-wheeler categories, comprising less than 2 per cent of its 1.4 million active vehicles in India."EV adoption is growing, but penetration is definitely lower than I would like it to be," Singh said. He pointed to hurdles including high financing costs, unclear residual value of EVs, and inadequate charging infrastructure as key challenges slowing the transition. India's EV ecosystem, according to Singh, is still developing, and the cost burden of vehicle ownership continues to be a barrier. "Someone has to buy the asset and deploy it on the platform. That's harder for EVs," he navigate these challenges, Uber is partnering with institutional fleet operators who invest in vehicles and charging networks. Its Uber Green service , which offers EV rides, is currently operational in three Indian is Uber's third-largest market globally by volume. To drive further growth, the company has started new services such as Uber for Seniors and Uber Pet besides affordability features like Wait and Save. While EV adoption remains a long-term goal, Uber is currently focusing on expanding access through lower-cost, high-volume mobility options, said Singh.
Time of India
09-07-2025
- Automotive
- Time of India
Two and three wheelers rides in fast lane for Uber
More than 60% of Uber customers in India are currently opting for two- and three-wheelers , marking a shift in consumer mobility preferences at the ride-hailing platform from passenger vehicles. Uber, which leads India's ride-hailing market, employs about 1.4 million driver partners, up from 1 million in 2024, reflecting steady demand growth. "In India, more than three out of every five trips are now on two-wheelers or three-wheelers," Prabhjeet Singh, president, Uber India and South Asia told ET. He was speaking on the sidelines of the Uber Pragati event in Mumbai. According to him, a key driver of this transition is growing demand for affordable and flexible transport, especially in congested urban and semi-urban areas. Singh said categories such as intercity, airport travel, and premium offerings are also seeing "massive growth," supported by new product innovations and affordability features. Even as it expands into multiple use cases, Uber's electrification efforts have remained modest. The company operates 25,000 electric vehicles (EVs) across two-, three-, and four-wheeler categories, comprising less than 2% of its 1.4 million active vehicles in India. "EV adoption is growing, but penetration is definitely lower than I would like it to be," Singh said. He pointed to hurdles including high financing costs, unclear residual value of EVs, and inadequate charging infrastructure as key challenges slowing the transition. India's EV ecosystem, according to Singh, is still developing, and the cost burden of vehicle ownership continues to be a barrier. "Someone has to buy the asset and deploy it on the platform. That's harder for EVs," he said. To navigate these challenges, Uber is partnering with institutional fleet operators who invest in vehicles and charging networks. Its Uber Green service , which offers EV rides, is currently operational in three Indian cities. India is Uber's third-largest market globally by volume. To drive further growth, the company has started new services such as Uber for Seniors and Uber Pet besides affordability features like Wait and Save. While EV adoption remains a long-term goal, Uber is currently focusing on expanding access through lower-cost, high-volume mobility options, said Singh.
Economic Times
08-07-2025
- Automotive
- Economic Times
Two and three wheelers rides in fast lane for Uber
Uber witnesses a shift in India. More customers now prefer two and three-wheelers. This trend highlights the demand for affordable transport. Uber's driver network expands significantly. The company focuses on intercity travel and premium services. Electrification efforts face challenges. Uber partners to overcome EV adoption hurdles. New services cater to diverse needs. The company prioritizes accessible mobility options in India. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Auto 1. Two and three wheelers rides in fast lane for Uber Mumbai: More than 60% of Uber customers in India are currently opting for two- and three-wheelers , marking a shift in consumer mobility preferences at the ride-hailing platform from passenger which leads India's ride-hailing market, employs about 1.4 million driver partners, up from 1 million in 2024, reflecting steady demand growth."In India, more than three out of every five trips are now on two-wheelers or three-wheelers," Prabhjeet Singh, president, Uber India and South Asia told ET. He was speaking on the sidelines of the Uber Pragati event in to him, a key driver of this transition is growing demand for affordable and flexible transport, especially in congested urban and semi-urban areas. Singh said categories such as intercity, airport travel, and premium offerings are also seeing "massive growth," supported by new product innovations and affordability as it expands into multiple use cases, Uber's electrification efforts have remained modest. The company operates 25,000 electric vehicles (EVs) across two-, three-, and four-wheeler categories, comprising less than 2% of its 1.4 million active vehicles in India."EV adoption is growing, but penetration is definitely lower than I would like it to be," Singh said. He pointed to hurdles including high financing costs, unclear residual value of EVs, and inadequate charging infrastructure as key challenges slowing the transition. India's EV ecosystem, according to Singh, is still developing, and the cost burden of vehicle ownership continues to be a barrier. "Someone has to buy the asset and deploy it on the platform. That's harder for EVs," he navigate these challenges, Uber is partnering with institutional fleet operators who invest in vehicles and charging networks. Its Uber Green service , which offers EV rides, is currently operational in three Indian is Uber's third-largest market globally by volume. To drive further growth, the company has started new services such as Uber for Seniors and Uber Pet besides affordability features like Wait and Save. While EV adoption remains a long-term goal, Uber is currently focusing on expanding access through lower-cost, high-volume mobility options, said Singh.
