The private vehicle ownerships demand high initial investment, which comprises vehicle cost, fuel cost, maintenance cost, and several other costs. Adoption of shared mobility would completely eliminate the cost associated with the private vehicle and it is a convenient and economical method of commuting especially for general public, which includes daily commuters. Due this factor, the Indian shared mobility market is projected to reach $3,952.8 million by 2025, growing with a CAGR of 56.8% during the forecast period (2020–2025).
The outbreak of COVID-19 has negatively impacted the Indian shared mobility industry. Due to the lockdown, many services in India became non-functional since May 2020, which has dented overall market. Additionally, changes in norms for various private companies also have negative impact on the automotive sector, which ultimately has affected the adoption of shared mobility services.
The Indian shared mobility market is categorized into two-wheeler sharing, ride sharing, ride hailing, car rental, carsharing, and bus/shuttle service, based on service type. The ride hailing category held the largest share in 2019, owing to the introduction of advanced technologies to improve customer experience and attract large customer base.
Further, based on vehicle type, the Indian shared mobility market is categorized into two-wheelers, cars, buses/vans. The cars category is expected to dominate the market during the forecast period. The early introduction of car rental and hailing services is the primary factor for the domination of the category. In addition, two-wheelers address multiple pain points with respect to affordability, availability, and convenience.
Geographically, south region held the largest share in the Indian shared mobility market in 2025. This can be primarily driven by the fact that the majority of shared mobility service providers are present in cities located in south India, including Bengaluru, Chennai, Hyderabad, and Visakhapatnam.
Furthermore, during the forecast period, the Indian shared mobility market is expected to witness the fastest growth in east region. This can be ascribed to the fact that shared mobility service providers are now exploring the market potential in east region, on account of the increasing demand for these services in states, such as West Bengal, Assam, and Odisha.
Players in the Indian shared mobility market are actively focusing on investing, in order to launch new services to enhance their presence, and further, to improve commuting services in the country. For instance, in March 2020, Bounce raised $6.5 million in debt funding from existing investor InnoVen Capital. This marked InnoVen Capital’s third investment in Bounce, in a span of 18 months, taking the total debt investment to $12 million, exclusively from the firm.
In July 2019, Jabbar Internet Group’s co-founders invested $780,270.0 in ANI Technologies Pvt. Ltd. (Ola) in the latest fundraising round. This investment helped Ola in further expansion of its operations, internationally, by entering into Australia, New Zealand, and the U.K.
Some of the major players operating in the Indian shared mobility market are ANI Technologies Pvt. Ltd. (Ola), Uber Technologies Inc. (Uber), Meru Mobility Tech Pvt. Ltd. (Meru), Zoomcar India Pvt. Ltd. (Zoomcar), Vogo Automotive Pvt. Ltd. (Vogo), Motocruizer Technologies India Pvt. Ltd. (Onn Bikes), Wicked Ride Adventure Services Pvt. Ltd. (Bounce), and Bashar Technologies Pvt. Ltd. (Wheelstreet).