With most flight and intercity travel coming to a halt because of the coronavirus and Covid-19 pandemic, the Indian shared mobility sector has been hit really hard.

For the first time in many years, companies have been forced to cut fares to the minimum threshold to get more bookings.

Neeraj Gupta, founder and CEO of the company, told Business Today that fares are now starting as low as INR 39.

The Impact Beyond Shared Mobility GiantsSelf-driving car rental service Zoomcar, EV startup Yulu and long-distance travel startup YOLO Bus have been facing a 10% decline in their operations.

“With the summer vacation period coming, we expect the recovery in travel and tourism to be quicker,” he added. | To read full story, visit https://startuparound.com/read/1584916380.2595098/From-Cabs-To-Bikes:-Shared-Mobility-Takes-A-Hit-From-Covid-19-Precautions?ref=audio_experience