India's new mobility market is expected to touch $90 billion by 2030. While revenue from the taxi cluster is expected to exceed $61 billion by the time, revenue from ride hailing is expected to hit $43.3 billion by 2025.
Data from Frost & Sullivan comes at a time when the global trend is gradually shifting towards public and shared transport and the lack of infrastructure and parking is pushing people away from vehicle ownership. These factors are also leading to growth of alternate new moblility.
According to data, new mobility will be driven by taxi services, expected to touch $61