Zoomcar expects to achieve profitability in India by this year-end

Car sharing platform Zoomcar on Tuesday said it expects to achieve profitability in India by this calendar year-end, on the back of strong organic growth.

The company claims it has 20,000 cars on its platform.

On an average, Zoomcar hosts earn more than Rs 50,000 in a month, while several others have earned more than Rs 3-lakh in the last six months, the platform said in a statement on Tuesday.

Stating that it now also offers a selection of premium cars as well as new 7-seater vehicles, the company said luxury car hosts have earned more than Rs 5-lakh on the platform in the last six months, earning on an average more than Rs 70,000 a month.