Dara Khosrowshahi flags off Delhi metro ride on Uber, says in for long haul
“India is a fundamental part of Uber’s growth going forward. It is a very important market for us, a a top-10 market for us. We will continue to invest here. Profitability metrics across our business here are improving,” Dara Khosrowshahi said.
At an event held in New Delhi on Tuesday, Khosrowshahi said: “India is a fundamental part of Uber’s growth going forward. It is a very important market for us, and among the top ten markets for us. We will continue to invest here. Profitability metrics across our business here are improving,” he said.
Uber will start its public transport offerings with access to real-time information and end-to-end directions on its app, including the fastest and cheapest routes, on the Delhi Metro. Uber’s top officials said their partnership with the Delhi Metro Rail Corporation will make the Indian capital only the second such city in the larger Asia Pacific region to have this feature.
Under the partnership, Uber will cover an estimated 210 metro stations across the NCR. While Uber, under Khosrowshahi, has exited a significant number of markets outside the US, including China, Russia and South-East Asia, as it looks to cut costs and move towards profitability, the CEO said India continues to be a critical market for the company.
Referring to India as an “innovation gateway” for the company, Khosrowshahi added that growth over the next decade is likely to be defined by markets such as India, Middle East and the African continent, that will outstrip developed regions such as the US and Europe. “Our partnership with the Delhi Metro Rail Corporation is an example of the Indian transportation industry being able to undertake risks and truly innovate… It’s a competitive market, where consumers are very demanding. They want, both, great prices and great services,” Khosrowshahi said.