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Mobility sector has recovered 69% since pandemic lockdown: RedSeer
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Despite multiple national and state lockdowns through 2020 and 2021, the mobility sector has recovered significantly, according to a study.
The sector, according to a report by RedSeer Consulting, has recovered nearly 69% since the first lockdown was announced in March 2020.
March 2021 recorded 78 million rides across vehicle types, compared to 113 million in January 2020.
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Auto rickshaws showed the fastest recovery, recording 25 million rides per day in March 2021, the report said, without specifying a comparative figure. An increase in the number of auto drivers joining ride hailing platforms was a key factor in the segment’s recovery.
While autos make up 32% of the market share, cabs hold 51%, with bike taxis trailing at 17%, as of March 31, 2021.
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After autos, the largest category in the mobility space -- cabs -- showed the next best rate of recovery. As of March 2021, cabs saw 40 million rides, the report said. It did not specify the pre-pandemic numbers.
The recovery in the cabs segment was driven by the steady opening up of offices at 50% capacity after nine months of lockdown. These numbers, however, are set to change as the country is likely to impose yet another nationwide lockdown, even as separate state-level lockdowns are already in place.
Bike taxis, the report said, saw the slowest growth among the three mobility segments. It did not, however, specify any numbers.
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