Uber Chief Executive Officer Dara Khosrowshahi says that the younger generation doesn’t dream of having a car but rather desires the freedom of having any service on demand. He also believes that established protocols and industries are opponents of innovation.
Khosrowshahi on Tuesday dived into the raging debate in India on whether millennials favor buying cars over other options such as electronic gadgets.
Khosrowshahi said here on Tuesday, “Car ownership is a trap that can sometimes be prevented. India does not need to be trapped by these establishments. India can be the innovator for the developing countries of the world,”
Bhargava, chairman, Maruti Suzuki India Ltd, who in an interview said that many youngsters are preferring gadgets over cars as they can continue using Ola and Uber for their mobility needs which is much more cost-effective.
On Tuesday, Uber launched a “public transport” feature inside the app in New Delhi, which would be integrated with the Uber app. After starting the Uber app and entering a destination, riders will now view public transport’ as an alternative alongside UberGo, Premier and Pool. Upon choosing the feature, riders will be able to view the fastest and cheapest routes, real-time schedules, and departure time for public transportation, including Metro and buses and walking routes and from nearby Metro stations and bus stops.
Last month, finance minister Nirmala Sitharaman blamed the fall in car sales, among other factors, to millennials are not requiring to commit to monthly installments for buying cars and alternatively preferring to use app-based taxis such as Ola and Uber.
Khosrowshahi accepted that India was a competitive market, with customers wanting great service at low prices. “India has also become the innovation gateway for Uber which it can export to other parts of the world,” he said.