Uber, Ola, Jugnoo some are the most online accessed vehicle, these passenger vehicles have gained the huge popularity since the day they started rolling on Indian roads. These passenger vehicles share 5% to the Indian market.

Recently a study conducted by Investment banking company CLSA, it said that passenger vehicles demand may slow down in 2017 as the passenger found new terms for tariffs. 

As per the source, CLSA said, "Media articles indicate that Uber/Ola have sharply cut driver incentives recently, which has impacted driver profitability. This has started hurting new driver addition and could impact PV industry growth in FY18."

Later on, CLSA added, "The demand for passenger vehicles from the taxi aggregator segment may remain soft in the near term as the industry finds a new equilibrium in terms of tariffs, incentives, and overall demand-supply. In the medium term, taxi aggregators would still have room to expand in smaller cities/towns, which would be a positive for passenger vehicle demand."  

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