Published: 12:23pm, 21 May, 2018 Updated: 10:41pm, 21 May, 2018
India is set to become the next major market for bike-sharing services, as successful Chinese start-up Mobike launches in the country. In November last year, Alibaba-backed Ofo launched its bike-hire scheme there, and says it has already registered over a million rides. Meanwhile India's ride-hailing platform Ola also launched a bike-hire service on a number of university campuses in India in December. The Indian government plans to introduce regulations that will require all new bikes sold by private companies to be fitted with sensors so they can track their location at any given time. Estimates suggest the global bike-sharing market could be worth up to $3.8bn by 2019.