Marking a decade of operations in India, Uber is strategically broadening its service spectrum across cars, autorickshaws, two-wheelers and buses, along with intercity travel alternatives. This multi-mode approach is helping it retain customers within the platform, while offering users services at different price points. Concurrently, says Prabhjeet Singh, President of Uber India and South Asia, the company is actively engaged in initiatives to enhance drivers’ earning opportunities in a fiercely competitive market like India. It involves an increased focus on CNG vehicles and transition to electric vehicles (EVs) that can help driver partners curtail operational costs. In an exclusive interview with Business Today’s Binu Paul, Singh says there is still a lot more to do in India and the company is here to stay. Edited excerpts:
Q: In the past 10 years, how has Uber India established its position, both in the local market and within Uber’s global operations?
A: We have seen India welcome us with open arms. We have built a very large business with a strong market leadership. We have done more than 3 billion trips to date here. Today, we have more than 800,000 active drivers, doing one to five trips each week. Our drivers have earned over ₹50,000 crore through the platform since 2013. Three million drivers have earned via the Uber app. We do much more than 500 million trips a year. And we are one of the fastest growing geographies for Uber at this scale.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
"Do what's best for employees"
BEST ADVICE - PANKAJ JATHAR | CEO | NIIT LTD
Your Palate for 2025
What's in store for you in the New Year when you go out for a meal or a drink? We ask industry experts to predict F&B trends for 2025
"RBI'S STANCE SHOULD BE TO KEEP THE RUPEE MORE VOLATILE"
Axis Bank Chief Economist Neelkanth Mishra talks about the rupee, quantitative easing, the Trump impact, and more
"We should strive towards two non-zero GST rates"
Arvind Panagariya, Chairman of the 16th Finance Commission, on further reforms in the economy, the Nehruvian era and its impact on policymaking, cash transfers, and more
A GENERATION MAROONED
This generation is creating new grammar for social and professional existence. They are reimagining the very concept of work, identity, and social belonging
A TIME OF UNCERTAINTY AND OPPORTUNITY
A look at the key trends that will redefine how content will be created, distributed, and consumed
Consciousness Shaping Consumption
India has a dynamic and discerning consumer base, whose consumption pattern is experiencing a significant transformation
THE NIFTY ELEPHANTS
The composition of the Nifty 50 index has undergone notable changes in the past 30 years, with only 11 companies consistently remaining in the index. It is expected to undergo further changes in 2025 with the entry of new-age companies like Zomato
REDEFINING THE DIGITAL AGE
For Bitcoin, its future lies not as a currency but as a cornerstone of the modern financial ecosystem
THE FUTURE OF HEALTHCARE
As AI advances, so will its role in health insurance. In the future, it shall perform a variety of complex tasks, making it more accessible and aligned with individual needs