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Exclusive | Upstarts are everywhere, we have to be constantly on our toes in India: Uber CEO Dara Khosrowshahi

Economic Times

Economic Times · 1y ago

Exclusive | Upstarts are everywhere, we have to be constantly on our toes in India: Uber CEO Dara Khosrowshahi

Dara Khosrowshahi, CEO of Uber Technologies, discusses the company's focus on mobility, profitability, and electric vehicles. He emphasizes the importance of India as a market with enormous potential and highlights the need for Uber to compete in low-cost markets. Khosrowshahi acknowledges the growing competition in India but remains confident in Uber's market leadership. He also addresses the differences between his management style and that of Uber's founder, Travis Kalanick, and emphasizes the importance of focus and making sacrifices for long-term profitability.

Related News

Journalist pays ₹4,200 for 5 km Uber trip in US, CEO Khosrowshahi reacts

Hindustan Times

Hindustan Times · 2y ago

Journalist pays ₹4,200 for 5 km Uber trip in US, CEO Khosrowshahi reacts

Uber CEO Dara Khosrowshahi expressed surprise when a journalist paid $51.69, including the driver's tip, for a 2.95-mile trip in the US. In response to the pricing, Khosrowshahi cited inflation and higher time and labor costs as reasons for the expensive fare, noting that overall expenses have increased, resulting in elevated ride prices.

Musk declines Uber’s partnership offer; Tesla to go solo on robotaxis

Economic Times

Economic Times · 6m ago

Musk declines Uber’s partnership offer; Tesla to go solo on robotaxis

Tesla CEO Elon Musk declined Uber's offer to collaborate on autonomous vehicles, opting to develop Tesla's robotaxi project independently. Uber CEO Dara Khosrowshahi revealed this during an interview, highlighting that Uber and other companies like Waymo will compete with Tesla. Despite potential rivalry, Khosrowshahi is open to future partnerships, emphasizing that Uber stabilizes demand in the unpredictable autonomous vehicle sector. Tesla's decision could amplify competition and affect Uber's ride volume and revenue.

Uber CEO Dara resigns from self-driving startup Aurora's board

Inshorts · 7m ago

Uber CEO Dara resigns from self-driving startup Aurora's board

Uber CEO Dara Khosrowshahi has resigned from self-driving vehicle technology startup Aurora Innovation's board, as per a company filing. He resigned citing the need to focus on his ongoing responsibilities as CEO of Uber and cut external board commitments. In 2020, Uber sold its self-driving unit Uber ATG to Aurora and invested $400 million in the startup.

Uber CEO named in FT article on 'boring CEOs', says 'I'll have to go cliff diving'

Twitter · 2y ago

Uber CEO named in FT article on 'boring CEOs', says 'I'll have to go cliff diving'

Uber's CEO, Dara Khosrowshahi, responded to being mentioned in a Financial Times article about 'unexciting CEOs' by saying it was "next level." The article suggested that Khosrowshahi might not be as sensational as his predecessor, Travis Kalanick, but noted that Uber has achieved profitability during his leadership. Khosrowshahi humorously responded that he might need to try cliff diving over the weekend.

Uber CEO outlines plans for increasing driver EV access, reducing emissions at SXSW

TechCrunch · 1y ago

Uber CEO outlines plans for increasing driver EV access, reducing emissions at SXSW

Uber CEO Dara Khosrowshahi shared his vision for the future of the company at SXSW. He outlined three main priorities: increasing driver access to electric vehicles (EVs) to reduce emissions, making Uber more affordable for consumers, and expanding the services offered by Uber Eats. To achieve these goals, Uber has partnered with automakers and rental companies to offer discounts on EVs and charging infrastructure support. Khosrowshahi also expressed an interest in autonomous vehicles as part of Uber's future plans.

Gautam Adani meets Uber CEO Dara Khosrowshahi, says ‘excited for future…’

Livemint

Livemint · 1y ago

Gautam Adani meets Uber CEO Dara Khosrowshahi, says ‘excited for future…’

Billionaire Gautam Adani hinted at a potential collaboration between the Adani group and Uber CEO Dara Khosrowshahi during Khosrowshahi's recent visit to India. Adani praised Khosrowshahi's vision for Uber's expansion in India and his commitment to empowering Indian drivers. Meanwhile, Khosrowshahi expressed that Uber has faced challenges in the Indian market due to intense price competition. Further details about the potential collaboration were not provided.

Uber CEO says growth in South Korea promising despite underdog status

Economic Times

Economic Times · 12m ago

Uber CEO says growth in South Korea promising despite underdog status

Uber CEO Dara Khosrowshahi has expressed commitment to the South Korean market, where the company is currently competing against local giant Kakao. Khosrowshahi believes that the Uber platform will attract more taxi drivers, leading to growth in the market. Despite Kakao's dominant market share of over 90% in the taxi-hailing sector, Khosrowshahi is confident that Uber's market share will continue to increase. Uber re-entered the South Korean market in 2021 through a joint venture with SK Group, and their Uber Taxi service has seen significant growth in passenger numbers, including a rise in international travelers using the platform.

Competing with Elon Musk no easy matter: Uber CEO Khosrowshahi

Inshorts · 10m ago

Competing with Elon Musk no easy matter: Uber CEO Khosrowshahi

Uber CEO Dara Khosrowshahi said competing with Tesla CEO Elon Musk "is no easy matter" and his company would love to partner with Tesla on robotaxis. "We'd love to have it on the platform, but if not, I don't think this is going to be a winner-take-all marketplace," he stated. "We'll see what Tesla does," he added.

Pradeep Parameswaran elevated as Uber’s global mobility head in top-level rejig

Economic Times

Economic Times · 2m ago

Pradeep Parameswaran elevated as Uber’s global mobility head in top-level rejig

Uber has promoted Pradeep Parameswaran to global head of mobility in a top-level restructuring. He will join Uber’s executive leadership team and report to CEO Dara Khosrowshahi. Previously head of Asia Pacific, Parameswaran has been instrumental in Uber’s international expansion. This leadership change accentuates the growing influence of Indian-origin executives at Uber. Despite the reshuffle, Khosrowshahi affirmed his commitment to the company, addressing speculations about his tenure.

Uber CEO says the company took its drivers 'for granted'

Business Insider

Business Insider · 1y ago

Uber CEO says the company took its drivers 'for granted'

During a talk in Bengaluru, India, Uber CEO Dara Khosrowshahi discussed how drivers played a crucial role in helping the ride-hailing company navigate the challenges posed by the pandemic. Khosrowshahi admitted that Uber had previously taken its drivers for granted, but the downturn in rides and revenue prompted a reevaluation of their importance. He emphasized the need to prioritize the driver experience, stating that Uber had to earn their loyalty daily as part of the gig economy. However, there are reports of discontent among Uber drivers over increased competition and declining earnings.

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