Uber Declares Itself No. 1 in Indian Ride-hailing Market amid Tremendous Growth

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Issued Statement shows 50% market share for the company

Uber carried down 14 million rides per week in the year 2019. As the data shows its dominance in the Indian ride-sharing market, the company spent no time to claim the pole position. The company considers India a major market for its overseas growth. The report of its quarterly earnings revealed that the American ride-hailing giant controls 50% of the ride-sharing market in India.

A representative of the company said that the internal assessment was the reason for this claim. The statement shows significant growth from 2018 as the company was handling 11 million rides per week. This is an interesting turn of events as Uber and its rival Ola never before revealed the number of rides they carried out in India.

Uber Eats was sold to concentrate on ride-sharing business

Ola in its blogpost of 2018 has said to be moving 2 million commuters every day. Ola did not showcase its figures but in a statement but come up with its own claim of being the top player of the Indian ride-sharing market. The representative said, “As India’s largest mobility platform, Ola serves over 200 million customers through a network of 2.5 million driver-partners across a wide range of offerings including two, three and four-wheeler.”

Uber sold its food delivery ‘Uber Eats’ to Indian rival Zomato for $180 million in the previous month. This was a move to put much energy into ride-hailing businesses in the country. Uber told the press that it is planning to expand its business in other major cities of India which will bring about 200 major cities and towns under its umbrella.

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