Report: Ola, Uber popularity sees a downfall in Cars demand by one-third in last 2 years
R Sinduja
News Editor
Image Credit: shortpedia
The cab services Ola & Uber gained popularity in the last few years; however, now their popularities are hampering the demand for the passenger vehicle. As per SBI report, cab aggregators caused a downfall in demand by 1/3rd in last 2years. In the last fiscal, auto companies registered a mere single-digit growth, the sector grew by around 2% to around 3.3-3.4 million units, despite discounts offered by car makers.
