Last month, the state government proposed regulations to govern the ride-sharing industry.
While welcoming the government's recognition of the industry, Uber in a statement said that "certain elements of the draft risk the very progress we have made in making life better for riders, drivers and the city itself".
The proposed stipulation that more than 50 per cent of the vehicles on ride-sharing platforms should be over 1400cc would result in disappearance of economical and fuel efficient vehicles from the platform, it said.
Moreover, the proposed steep increase in the price of permits for such cabs would create barriers in accessing economic opportunities by drivers, it said.
"Also of concern are restrictions that put a cap on the minimum amount that can be charged for a trip, preventing market forces determining lower fares when possible," it said.
"Taken together, these moves strike at the heart of our promise of ensuring affordable and convenient rides to Mumbaikars whenever possible. They jeopardise the benefits ride-sharing bring, in terms of reduced congestion," Uber added.
Uber's online petition against stringent clauses in the draft rules had received one lakh signatures till yesterday evening.
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