Lockdowns to affect recovery of ride-hailing sector

The recovering ride-hailing sector is likely to see a 30% – 40% drop in volumes in the coming months, as many states including Maharashtra, Delhi and Karnataka amongst others go into lockdown, according to estimates from management consultancy Redseer Consulting.

The mobility segment including cab, auto and bike taxis, showed almost 69% recovery in volumes for the first quarter of 2021, when compared to pre-covid levels, clocking close to 78 million rides in March 2021.

Total mobility rides clocked by the sector stood at 113 million in January last year, during pre-covid times.

“With the recent covid-19 developments in the country, the recovery is likely to go on a downward trajectory with a drop of 30-40% in the coming months as many states like Maharashtra, Delhi and Karnataka among other states go into lockdown,” added Redseer.