The mobility segment including cab, auto and bike taxis, showed almost 69% recovery in volumes for the first quarter of 2021, when compared to pre-covid levels, clocking close to 78 million rides in March 2021. Total mobility rides clocked by the sector stood at 113 million in January last year, during pre-covid times. Auto rides witnessed the highest recovery, of 89%, clocking 25 million rides in March this year. “After more than nine months of lockdown, many offices resumed at 50% capacity leading to high growth in the category of cab taxis. Now, the management consultancy believes that lockdowns will further affect recovery of cab aggregators in the coming months.

Source: Mint May 03, 2021 15:20 UTC