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Ola, Uber face supply squeeze: 24% drivers leave as incentives drop

Most drivers have either moved on for other offline opportunities or quit the profession altogether

BS Reporter  |  Bengaluru 

Two of the country’s largest taxi-aggregators, Ola and Uber, saw the supply of cabs on their platforms declining to nearly three-fourths in the March quarter of this year. With disgruntled drivers opting out due to a fall in incentives, the total number of cabs they run fell to around 380,000 in January-March from 500,000 in the previous three-month period – a drop of 24 per cent – shows a Livemint report. The report, citing figures from market research firm RedSeer Consulting, also says that a large number of drivers on Uber and Ola either moved on to explore ...

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First Published: Mon, June 19 2017. 18:05 IST
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