Best Car for Uber in India to get maximum earning


Total COst of Ownership
Total Cost of Ownership

This blog is popular among Uber riders and drivers. Both want to know how Uber is making money, how can I (customer) can save on each ride, how can I attach my car with Uber? Will it be profitable? Which car should I buy? and a lot of other questions..


I leave that to you how you judge it or what decision you take after reading this post. Here I am going to give you a tool where you can analyze your based upon your requirements.

Lets see what I am going to explain in coming lines..

1. Should you buy a new Car to office commute for use Uber/Ola?
2. Should I attach my car to Uber/Ola?
3. If answer to Q2 is yes then which car?

This post is going to explain above questions in details with some data so you can decide better. Lets begin with understanding TCO (Total cost of ownership.)

TCO is an estimate of the total cost to own a car for a five year period. It includes all the expenses spent on fuel, insurance, maintenance, repairs, service, interest on loan payments as well as the losses incurred due to depreciation of the car at the end of the same period.

Uber and SBI tie up for instant vehicle financing to drivers

Public sector lender SBI(State Bank of India) has tied up with taxi-aggregator Uber to provide instant vehicle finance to ‘driver-partners’ (See how much Uber drivers are earning) on the latter’s platform.

The scheme would encourage skilled drivers to overcome liquidity crunch and excess documentation requirements to become an entrepreneur.

The loans could be sanctioned in one day using an inbuilt digital offering, and would be collateral free as well as carry a very competitive interest rate.

All loans will be covered under the government’s Pradhan Mantri Mudra Yojana Scheme, SBI said in a statement.

“The on-demand transportation segment growth has created a whole new ecosystem enabling lakhs of Indians to earn livelihood by becoming micro-entrepreneurs on such platforms,” SBI Chairman Arundhati Bhattacharya said.

“In the process, it has also opened up a new world of opportunities for the banking industry,” she said, adding that one has to go beyond traditional banking to leverage such opportunities.

SBI Managing Director Rajnish Kumar said the new facility would enable drivers to apply for loans at the Uber Partner Centre and get loans sanctioned in one day.

“This is supported by our digitally integrated back-end system, thereby eliminating the long processing time. The partnership with Uber will also help us simplify the documentation requirements thereby eliminating traditional financial statements like income tax returns,” Mr. Kumar said.

Further, he said the product is in-line with SBI’s focus on building a risk mitigated portfolio, which is aimed at significantly improving the customer experience.

Uber is present across 27 cities in the country, more than any other country outside the US. Latest city added to Uber india is Bhopal.

“India is a global market priority for us. In such a short span of time, we’ve got over 2,50,000 driver partners on our platform who have become micro-entrepreneurs today,” Uber Asia Pacific president Eric Alexander said.

The tie-up with SBI would create tens of thousands of micro entrepreneurs, he added.

SBI further said it is exploring opportunities with Uber, including a special scheme for the army men who intend to drive on the Uber platform. Uber pune has several army men driving for Uber already.

Uber India had partnered with the Army Welfare Placement Organisation (AWPO) under the Ministry of Defence to help ex-servicemen transition to civilian life and provide them with entrepreneurial opportunities.

Total cost of Ownership of a car

TCO doesn't cover surprise expense, driver expense, accident expense, theft expense and some misc expenses, everything will be extra.

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Sample of TCO of few popular cars available on Uber/OLA platform based upon assumptions like , there are avg cost petrol cars which runs 1000 km per month.

If you buy a car you will need a driver or self drive. While making a comparison with the cost add driver cost to per km for actual cost of owning a car.

Toyota Etios TCO
Toyota Etios TCO

Maruti Suzuki Swift Dezire TCO
Maruti Suzuki Swift Dezire TCO

Mhindra Verito TCO
Mhindra Verito TCO

Hyundai Xcent TCO
Hyundai Xcent TCO
Tata Indica TCO
Tata Indica TCO

Ford Fiesta TCO
Ford Fiesta TCO
Ford Figo TCO
Ford Figo TCO

Volkswagon Polo TCO
Volkswagon Polo TCO
Still data in insufficient then test yourself for your favorite model : Car TCO Checker Link,

The above screenshots suggests that Maruti Swift Dezire is the most economical car available for you. Still there will be some driver charges or if self driving then self maintenance charge.

Driver charges for approximation of monthly expenses.

Avg salary range of good family driver = Rs 12000 to Rs 20000 per month = Rs 16000 per month
Avg car run = 1000 km
Cost per km = Rs 16 /- for 1000 km run per month
Cost per km = Rs 8 /- for 2000 km run per month


I will add more info to this post in sometime, till then you can put your comments about what you want to know?

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Disclaimer: TCO estimates are calculated assuming 10% down payment on car finance at 12% APR for a 5 year loan term. Note that the estimates provided are for comparative purposes and the actual cost of owning your car may vary depending on the actual driven conditions, mileage and history.