Uber India’s business showing signs of recovery, demand-led by low-cost transportation solutions

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In a statement issued on Monday, Uber India said that the business is showing signs of recovery primarily driven by the demand for low-cost transportation solutions such as Auto and Moto. Kolkata, Hyderabad, and Mumbai are the cities recovering the fastest among the metros.

The strongest growth is shown in cities like Delhi, Hyderabad, Mysore, Mumbai, Bhubaneswar, Nagpur, Indore, Nashik, Jaipur, and Kochi where Uber Autos have crossed gross bookings above the pre-COVID-19 levels.

The company stated that Uber Autos are perceived to be a safer mode of transport. The reasons behind this perception being that there are only a few touchpoints, an environment of increased air circulation, and the social distancing measures that are in place.

President of Uber India and South Asia Prabhjeet Singh said that as cities are opening up and people are returning to the pre-COVID-19 routines there is also an increase in rider demand which will help the company create livelihood opportunities for the employers and their families.

The onset of the pandemic the previous year forced the corporates to adopt work from home and further restrictions were implemented to restrict the non-essential movement of people. This resulted in a sharp decline in bookings for ride-hailing companies such as Ola and Uber. The loss in business resulted in Uber selling its office spaces in Mumbai and laying off 600 permanent employees across India as part of the firms downsizing strategy.

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