Covid-19 second wave may stall mobility sector’s recovery, says RedSeer

The mobility space became ‘essential’ over the years, with the public convenience that it ushered in. However, the sector saw a huge dip after the outbreak as the larger base of customers started working from home.

The ecosystem witnessed an overall change in consumer behaviour. Mobility had recovered 63 per cent compared to the pre-Covid days, with 71 million rides in January 2021, according to RedSeer Consulting.

However, with the surging Covid-19 wave in the country, the recovery is likely to go on a downward trajectory with a drop of 30-40 per cent in the coming months as many states like Maharashtra, Delhi and Karnataka among other states go into lockdown, said RedSeer.