Mahindra & Mahindra bets on ride-sharing and cab aggregators

The days of personal commuting are under threat, and residents of choked cities and larger metros may increasingly opt for ride-sharing and cab aggregation instead of new car purchases. That’s the view of Anand Mahindra, Chairman of India’s diversified US$19bn Mahindra group.

Mahindra, whose company Mahindra & Mahindra is India’s largest utility vehicles and tractor manufacturer, says OEMs will have to live with the new reality and work on