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India's Increasing Demand for Transportation Services Expedites Shared Mobility Market Growth
"The pandemic disrupted the traditional business model of the shared mobility market in India . Multiple factors, including familiarity with shared services, strong digital infrastructure, and a vibrant entrepreneurial culture, will drive India's push to meet the booming demand for transportation services," said , Senior Research Analyst, Mobility Practice, Frost & Sullivan. "Of the various shared mobility modes, we expect corporate mobility and ride-hailing to drive growth in India . Companies like Yulu, Ola, etc., are considering new use cases, such as partnerships with eCommerce and food delivery services. The move will reduce dependency on traditional revenue-generation models and expedite the shared mobility market growth."
Jetha added: "Factors such as the end of travel bans, the inclusion of electric vehicles in fleets, and increasing partnerships with OEMs will boost the sector. Increasing traffic congestion and carbon emissions with the growing population size and density also creates the need for sustainable, accessible, safe, and reliable shared mobility fleets."
Growing urbanization, electric vehicle (EV) integration, and rising disposable income signal growth opportunities in the Indian shared mobility market, presenting lucrative market prospects. Key players should:
is the latest addition to Frost & Sullivan's research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
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