How big is the India Taxi Market?

The India Taxi Market size is expected to reach USD 20.61 billion in 2024 and grow at a CAGR of 13.55% to reach USD 38.90 billion by 2029. Read More

What is the current India Taxi Market size?

In 2024, the India Taxi Market size is expected to reach USD 20.61 billion. Read More

Who are the key players in India Taxi Market?

Uber Technologies, ANI Technologies Private Limited (Ola Cabs), Meru Cabs, Carzonrent India Pvt Ltd. and Savaari are the major companies operating in the India Taxi Market. Read More

What years does this India Taxi Market cover, and what was the market size in 2023?

In 2023, the India Taxi Market size was estimated at USD 17.82 billion. The report covers the India Taxi Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Taxi Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What future developments are expected in the India Taxi Market?

Future developments in the India Taxi Market are a) More widespread use of autonomous vehicles b) Greater integration with public transport systems c) Integration of innovative payment solutions Read More

India Taxi Market Report | Industry Analysis, Size & Forecast Overview

India Taxi Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

The India Taxi Market is Segmented by Booking Type (Online Booking and Offline Booking), by Service Type (Ride-Hailing and Ride-Sharing), and by Vehicle Type (Motorcycles, Cars, and Other Vehicle Types (Vans)). The Report Offers the Market Size and Forecast in Value (USD) for all the Above Segments.

India Taxi Industry Overview

The India Taxi market is fragmented. A few key players in the market are ANI Technologies Pvt. Ltd. (Ola Cabs), Uber Technologies Ltd., Meru Cabs, Mega Cabs, Spice Cabs, Carzonrent India Pvt. Ltd., Blu-Smart Mobility Pvt. Ltd., and Others. The majority of players in the Indian taxi market engage in fierce competition by employing a variety of technologies and strategies to capture market share and attract customers. For instance,

In May 2023, BluSmart Mobility, an Indian ride-hailing startup, aims to rival Uber and Ola's market dominance by emphasizing an all-electric taxi fleet and a proactive approach to attracting unhappy passengers and drivers from the established players. The company intends to increase its taxi fleets and drivers and benefit from the government's clean energy drives with environmentally friendly transportation.

In April 2022, Roppen Transportation (Rapido), an Indian bike taxi aggregator and logistics service provider based in Bangalore, India, and Swiggy, an online food ordering giant, took a strategic investment, Swiggy has led an investment of USD 180 Million in Bike and Auto-taxi aggregator Rapido. This vibrant, competitive environment drives innovation and contributes to India's position as a key player in the global taxi market.