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Ola, Uber lose 30,000 cabs as drivers struggle with EMI payments

Shortpedia

Content Team
Image Credit: shortpedia

Ride-hailing giants Ola and Uber have lost around 30,000-35,000 vehicles from their fleets since September last year, according to multiple people close to both companies as well as sources working in the automobile industry. The primary reason for the attrition has been the inability of drivers to repay their monthly installments for the vehicles purchased on auto loans.