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Covid surge may prove a road block for the mobility sector
May 03, 2021
“The government should waive interest on vehicle loans and support us with essentials and medicines”
“The government should waive interest on vehicle loans and support us with essentials and medicines”×
Workers in the segment want the government to extend a helping hand
Just as the Indian mobility sector including cabs, autos and bike taxis recovered to 69 per cent with 78 million rides in March compared with pre-Covid levels, the second wave of Covid has stalled the recovery.
Consequently, with States including Maharashtra, Karnataka, Delhi, Haryana, Telangana, Jharkhand, Uttar Pradesh, Jammu and Kashmir in lockdown mode and others imposing night curfews and travel restrictions, the recovery of the mobility sector is likely to drop of 30-40 per cent in the next few months, says RedSeer Consulting.