The company is shutting all its Uber services in India and its app store will be shuttered.
Uber, one of the world’s largest taxi and ride-hailing apps, said on Thursday that it would stop offering UberX services and its ride-sharing service UberPool in India starting April 24, a day before the new business model was set to go live.
“We are removing UberX from the Indian market and UberPool from the App Store.
We are also removing Uber from the Uber App and Uber Marketplace in India,” Uber said in a statement.
The company said it would work with regulators and authorities to provide “appropriate solutions.”
India’s taxi market is the second largest in the world after China, with more than 7,000 companies.
India is also one of Asia’s fastest-growing markets, according to the World Bank, and has been a leading source of investment and job creation in recent years.
Uber is not the only taxi company in India to shut down.
Taxi aggregator GrabTaxi said on Wednesday that it will stop its services in April after its app went live.
“We have been facing issues of poor service for some time and we want to inform our users and the world that we are going to discontinue our services in the coming weeks,” GrabTaxis co-founder and CEO Satish Kumar told CNBC.
“I have spoken to our customers and they told me they have been waiting for us to bring UberX to India for a long time.”
Uber did not immediately respond to a request for comment on Thursday.
The company said in February that its India operations would be shut down in 2019, but it has since relaunched them.
Uber said that in March it will launch in five more Indian cities including Mumbai, Chennai, Bangalore, Hyderabad, Kolkata and Hyderabad.
Uber has been criticized in India for charging too much in India, particularly for taxis.
India’s government has been pushing to bring back the country’s cabs, but Uber has largely resisted, saying it can charge less.