I can't see any situation where Uber retains its current volume if it increases its prices.

I'm not a particularly price sensitive customer, yet I find myself taking auto rickshaws more and more. The gap between their fares and Uber are becoming a little to unjustifiable. I'm comfortable with an Uber being 1.5-2x more than an auto, but fares these days are often 2.5-4x higher.

My Uber usage is now reserved mostly for edge cases - going to the airport, going home after a night out, bad weather conditions