India: revenue of ride-hailing industry 2028

The revenue of the ride-hailing market in India was at 6.42 billion U.S. dollars in 2023. It was estimated that by 2028 the industry would reach 7.6 billion dollars. During the presented period, despite the impact of the coronavirus pandemic, a general growth trend could be observed.

Revenue of ride-hailing industry in India from 2017 to 2023 with estimates till 2028 (in billion U.S. dollars)

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Supplementary notes

Data provided by Statista Market Insights are estimates.

The Ride-hailing market encompasses on-demand transportation services facilitated through mobile apps or online platforms. This market covers both private vehicle rides and taxi services, all booked exclusively online. It includes Transportation Network Companies (TNCs), such as Uber and Lyft, traditional taxis booked via apps, such as Free Now or Cabify, and ride-pooling services, such as Moia and Via. The booking volume includes all booked travels made by users from the selected region, independent of the departure and arrival. Users represent the people who have booked the a ride, independent of the number of travelers on the booking.

This market excludes peer-to-peer ride-sharing, focusing on professionally operated transport services booked digitally for efficient and convenient urban mobility. By definition, rides of traditional taxi services hailed on the street or booked via telephone are not included in this market.

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