Many Ola and Uber drivers in India are selling their licensed vehicles online as the ride-hailing companies' tightened incentive structure causes incomes to fall. The government has been trying to curb this practice by introducing a new law that requires all taxi owners who have more than one vehicle registered with them to register each of them. White collar professionals who finance cars for use with Ola and Uber are also struggling to recover investments.
Many Ola and Uber drivers in India are selling their licensed vehicles online as the ride-hailing companies' tightened incentive structure causes incomes to fall. Global online marketplace OLX is being used to sell the vehicles. White collar professionals who finance cars for use with Ola and Uber are also struggling to recover investments.