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Uber is Focusing in Indian Market, Competing with Ola after China Sellout


Earlier in the last month, Uber decided and sold their operations to the Didi Chuxing which is the favourite transportation network in China. Now Uber is planning to raise in India by giving some tough competition to Ola.

As per the sources and analysis, Currently Uber cannot take chances to afford in losing out in India and the company is looking to free-up all the possible ways to give harder fight with the India’s Taxi transportation company, Ola.

Uber China to merge with Ride-Hailing Service Didi Chuxing in $35 Billion deal

Ola is having the market share about 50% when compared with the Uber which is having only 26% in India and has estimated $40 million of cash each month. CEO of consulting firm RedSeer says “The battle for taxi market in India will become lot more severe and will only make it tougher for Ola in the coming days.”

He also mentioned that Uber has given up on China and for sure the company will concentrate on Indian market where the margin of gaining is more. RedSeer reports that the mobile application of Chinese cab market is 6-8 times bigger than India.

Road Ministry Asks Uber, Ola To Calculate Fares On Taxi Meters, Instead of GPS

One of the Investor from Ola speaks about this recent things and says that Uber is acquiring Ola is not very far, and the possibilities are there in future as global market has started to unite. Uber is also making plans for the public listing and would like to ward off the rivalry by merging or acquisition, he added.

Over 102 cities, the India cab aggregation market enjoys 1.2 million rides per day. Ola is having 3.5 lakh cabs and 1 lakh autos in their platform and looking forward to doubling the number of cabs by the end of the financial year. Uber service is available in 27 cities in India which are more than any other countries outside the US and China.

Uber Partners With DigitalGlobe To Improve Its Pickup And Drop Service Through Satellite Imagery

Uber Technologies which had raised $3.5 billion from Saudi Arabia’s Public Investment Fund during the first week of June has already stated that it is likely to invest a substantial portion of this fund in Indian operations. Uber enjoys an average of 5.5 million rides a day globally.

The rivalry among Ola and Uber which has faced an ugly turn by making accusations in the courts. Uber has litigated Ola for Citing that the latter was damaging the revenue interests with the false bookings. In the same way, Ola filed a case on Uber stating that Uber was breaking the rules of the land.

Heavy Rains Hit Mumbai Causing Transportation Facilities to Delay

Mumbai Rains
Mumbai Rains Bring the Public Lives to Stand Still, Heavy Traffic Jams Reported

Mumbai Rains always have a severe impact on the lives of people, and the same is continuing even in this monsoon. Hitting hard on the city life severe flooding rains have got lives of people to a halt.

Roads are flooded with waters and trains, and flights are delayed. Most of the places of the south and central Mumbai have been drowned and according to the weather reports the situation may not change in the next 48 hrs.

Bridge on Mumbai: Goa highway collapses leading 20 people missing

Mumbai Rain

Eastern and western suburbs have drowned causing severe interruption to the traffic in the peak hours of the morning. Suburban train services on the Western Railway, Central Railway and Harbour line, ran almost half an hour late.

Due to low visibility and air congestion domestic and international flights are reported to be delayed by at least half an hour. However, there are no diversions and cancellations on the flights.

Govt Imposed a Fine of Rs 2,313 Cr on Telecom Companies for Violating Verification Norms

Mumbai Rains

So far in less than a week Mumbai has recorded 307mm of rain against its monthly rainfall of 529mm. According to reports, more than 30 bus routes have been diverted because of heavy water lodging on the roads.


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