Ride Hailing Market Size in India | Insights, Trends & Growth Analysis 2025

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Code: MTA10673

Publication Date: Nov 2025

What is the growth rate of the India Ride Hailing Market?

According to 6Wresearch internal database and industry insights, the India Ride Hailing Market is expected to grow at a CAGR of 6.4% during 2025-2031.

The main drivers of this growth are the rising urbanisation and smartphone adoption, consumers’ increasing preference for convenient and on-demand travel services, and the growing scale of app-based Ride Hailing platforms expanding into tier-2 and tier-3 cities.

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Growth Factors for India Ride Hailing Industry

Increasing urban population and smartphone penetration enhancing demand for Ride Hailing services.
Rising disposable incomes and evolving lifestyle preferences creating shift from traditional taxis to app-based rides.
Companies expanding service offerings and vehicle categories to cater to diverse rider segments and peak travel times.
Enhanced integration of digital payments and mobility-as-a-service ecosystems improving Ride Hailing convenience.
Declining costs of vehicle-sharing and increasing fleet utilisation making Ride Hailing economically viable for operators.

India Ride Hailing Market Trends

The India Ride Hailing Market trends point to growing adoption of electric vehicles within Ride Hailing fleets, strategic partnerships between aggregators and public-transport providers, and deeper penetration into smaller Indian cities; at the same time platforms are leveraging AI-based routing and on-demand subscriptions to enhance customer loyalty and operational efficiency.

Emerging Developments in the India Ride Hailing Market

The India Ride Hailing Market developments include Ride Hailing firms expanding into multi-modal mobility offerings, launching high-capacity pool rides and micro-mobility options to serve cost-sensitive travellers, and increasing investment in EV-charging infrastructure and driver partner platforms to support sustainability and scale.