50K is the profit. An Uber driver in Banglore typically makes 120K+ rupees in a month. I got to know this while I was talking to an Uber driver during the ride.

Once again, you do not take the long term costs of car ownership into account. 50K might be the short term profit but certainly not the long term one.

And that's OK, Uber is built on people forgetting how much faster their car loses its value if driven so much and how much more large scale, expensive repairs will crop up. But not right now. It's a good trick but it's a trick and it's not in the driver's favor.