Hi ,

Over the years, mobility became a necessity for many across the metros and even smaller towns for daily commute. But, with the impact of Covid the sector saw a significant drop in usage as offices began remote work culture and most of the educational and other places closed for months.

However with things starting up, mobility has been on the recovery phase for the last few months now. Sanjay Kothari deep dives to find out how the sector is recovering after the pandemic.

1. Mobility recovered 63% with overall 71 million rides

E-Mobility: Monthly Rides- Growth Recovery Curve (Indexed to 100), Jan 2020 = 100, Jan ‘20-Jan’21

With 71 million rides, the sector has recovered 63% but is still lesser compared to 113 million rides in Pre-Covid days. All the segments have shown gradual recovery with normalcy and unlock resuming.

2. Autos and bikes taxis have shown the highest recovery

E-Mobility: Monthly Rides- Growth Recovery Curve (Indexed to 100) , Jan 2020 = 100, Jan ‘20-Jan’21

Among all the segments, autos and bike taxis have recovered the highest clocking 23 million rides and 12 million rides respectively. However, it has still not recovered completely as compared to the Pre-Covid days. The trend is inevitable as autos and bike taxis lower the risk of contracting virus as per medical research.

3. Metros continue to recover faster vs non-metros

Highlights:

• Kolkata has witnessed the highest recovery so far with 80%+ while Mumbai and Delhi are second with 50%+
• Pune has seen high m-o-m growth due to the low base of no. of bookings
• Operations are gradually resuming in ‘Rest of India’ cities and the growth is slower than Metro cities

Our research shows that recovery has been faster in metro cities compared to non-metro cities. While Kolkata has witnessed the highest recovery, Mumbai and Delhi are second. As cities return to normalcy, the sector will see a gradual recovery as the main segment that is the working professionals continue remote work.

Thanks,

Media RedSeer

Industry Report