Car orders worth Rs 15,000 cr: Uber, Ola the new saviours for automakers

In September last year, Mahindra and Ola had tied up for 40,000 vehicles over two years.

In the first nine months of this financial year, Maruti Suzuki India sold a little over 60,000 cars to cab aggregators, six per cent of sales.

For all of 2015-16, it had sold 48,000 units to these entities. This segment, still nascent, appears on course to account for 15-17 per cent of passenger vehicle volumes by 2019-20, says ICRA.

Original equipment makers (OEMs) are keen to tap this. Maruti, Tata Motors, Mahindra and even German luxury carmaker BMW have tied up with aggregators Ola and Uber. In FY16, 5.8 per cent of Maruti sales came from the taxi segment; for