India Shared Mobility Market by Business Model, Vehicle Type, Dynamics, Trends, Growth, and Demand Forecast, 2013–2023

The Indian shared mobility market is expected to grow at a significant rate during the forecast period, owing to the rapidly increasing urban population, rising disposable income, and technological advancements in the mobility sector.

Based on the business model, the shared mobility market can be categorized into ride-hailing service, vehicle sharing, peer-to-peer vehicle sharing, fixed-route commuter service, and others. The ride-hailing service category is poised to grow considerably during the forecast period, much of which can be owed to the ease and convenience involved in availing such service.

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On the basis of the vehicle type, the shared mobility market is categorized into hatchback, sedan, sports utility vehicle (SUV), and others. The hatchback category is forecasted to grow significantly during the forecast period. The cost of hailing/sharing vehicles under the hatchback category are less than those under sedan and SUV categories, supporting the growth of former in the market.

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The shared mobility market in the country is on the rise. The market is dominated by a few established players. Anticipating the rapid ramp-up in the demand for shared mobility services in the country, a few established foreign players are now entering the Indian market.

Some of the key players in the market include Uber Technologies Inc., ANI Technologies Pvt. Ltd. (OLA), BlaBlaCar, and Zoomcar India Pvt. Ltd.