Indian Urban Air Mobility Market: Rs 6.2M by 2033

24 Aug 2023 CW Team

BIS Research highlights that the Indian UAM infrastructure sector, especially in passenger and cargo gate-to-gate operations, is set to experience consistent growth from 2023 to 2033. UAM envisions integrating aerial transportation services into urban transport systems, providing swift and effective mobility solutions.

With a focus on electric Vertical Take-Off and Landing (eVTOL) aircraft, UAM services have the potential to tackle congestion, shorten travel times, and enhance urban connectivity.

The CAGR projections for different segments include 26.83per cent (Rs 3.1 million) for passenger gate-to-gate operations, 18.55per cent (Rs 2.5 million) for cargo gate-to-gate operations, and 29.81per cent (Rs 0.6 million) for hybrid passenger and cargo gate-to-gate operations by 2033.

Faisal Ahmad, Co-Founder & CEO of BIS Research, points out that India's intricate urban congestion and transportation infrastructure have paved the way for Urban Air Mobility (UAM) services driven by the country's dynamic startup ecosystem.

While the Indian UAM market is in its nascent stages, the report highlights its significant growth potential. Plans for air taxi operations in India are anticipated to take off around 2025 with the establishment of an eVTOL manufacturing plant. Both Tata and Uber have shown interest in India's UAM infrastructure market, while the government actively explores policies and regulations to support UAM advancements.

The report also assesses other infrastructure facets such as charging and refuelling stations, maintenance and repair facilities (MRO), docking stations, and hub spots. Their current valuation stands at Rs 0.2 million, Rs 0.1 million, and Rs 0.1 million respectively (2023), projected to reach Rs 0.4 million, Rs 0.2 million, and Rs 0.3 million (by 2033), with a CAGR of about 9.37 per cent during the forecast period.

Cities like Mumbai, Bangalore, Chennai, and Hyderabad have been identified as potential hubs for initial UAM infrastructure development in India.

The Urban Air Mobility (UAM) infrastructure market in India is poised for substantial expansion, projected to attain Rs 6.2 million by 2033, with a compound annual growth rate (CAGR) of 22.38per cent, states a recent report.BIS Research highlights that the Indian UAM infrastructure sector, especially in passenger and cargo gate-to-gate operations, is set to experience consistent growth from 2023 to 2033. UAM envisions integrating aerial transportation services into urban transport systems, providing swift and effective mobility solutions.With a focus on electric Vertical Take-Off and Landing (eVTOL) aircraft, UAM services have the potential to tackle congestion, shorten travel times, and enhance urban connectivity.The CAGR projections for different segments include 26.83per cent (Rs 3.1 million) for passenger gate-to-gate operations, 18.55per cent (Rs 2.5 million) for cargo gate-to-gate operations, and 29.81per cent (Rs 0.6 million) for hybrid passenger and cargo gate-to-gate operations by 2033.Faisal Ahmad, Co-Founder & CEO of BIS Research, points out that India's intricate urban congestion and transportation infrastructure have paved the way for Urban Air Mobility (UAM) services driven by the country's dynamic startup ecosystem.While the Indian UAM market is in its nascent stages, the report highlights its significant growth potential. Plans for air taxi operations in India are anticipated to take off around 2025 with the establishment of an eVTOL manufacturing plant. Both Tata and Uber have shown interest in India's UAM infrastructure market, while the government actively explores policies and regulations to support UAM advancements.The report also assesses other infrastructure facets such as charging and refuelling stations, maintenance and repair facilities (MRO), docking stations, and hub spots. Their current valuation stands at Rs 0.2 million, Rs 0.1 million, and Rs 0.1 million respectively (2023), projected to reach Rs 0.4 million, Rs 0.2 million, and Rs 0.3 million (by 2033), with a CAGR of about 9.37 per cent during the forecast period.Cities like Mumbai, Bangalore, Chennai, and Hyderabad have been identified as potential hubs for initial UAM infrastructure development in India.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..