Ride-sharing not gaining momentum like auto sales in the ‘Covid-Era’, Auto News, ET Auto
NEW DELHI: With physical distancing being the new normal of the Covid world, shared economy business model have been the most impacted due to this new social norm. Be it renting accommodation or renting a car, infection scare is forcing people to opt for the more personalised and sanitised services.
Other than low economic and business activity this is another reason which is affecting the shared economy business models. Moreover, the majority of corporations choosing to work from home has virtually taken off the demand for cab services.
Into the third month of Corona-disruption, when automotive sales are rebounding because consumers opt for personal mobility to avoid public transport and buying cars and two-wheelers. However, demand for ride-sharing services which dipped to almost 80 percent might