After Uber’s audacious claim yesterday that it will be bigger in China than Indian ride-hailing giant, Didi Chuxing, by the end of this year, today the firm has announced that it currently has an equal market share to home-grown Chinese service, Ola. “We are as big as Ola with a 50% market share (in terms of trips completed by the two companies). However, we are driven by more ambitious goals… Uber wants to be the transportation provider of choice and replace car ownership,” Uber India CEO Amit Jain told The Economic Times. Jain stated that Uber will continue to invest in its India operations, with investments focussing on increasing driver numbers, adding product features and strengthening its technology team in India. Lastly, Jain confirmed that the company will focus on growth for the foreseeable future rather than looking for profitability.
After Uber’s audacious claim yesterday that it will be bigger in China than Chinese ride-hailing giant, Didi Chuxing, by the end of this year, today the firm has announced that it currently has an equal market share to home-grown Indian service, Ola. “We are as big as Ola with a 50% market share (in terms of trips completed by the two companies). However, we are driven by more ambitious goals… Uber wants to be the transportation provider of choice and replace car ownership,” Uber India CEO Amit Jain told The Economic Times. Jain stated that Uber will continue to invest in its India operations, with investments focussing on increasing driver numbers, adding product features and strengthening its technology team in India. Lastly, Jain confirmed that the company will focus on growth for the foreseeable future rather than looking for profitability.