Maruti Suzuki Rock N Road: Redefining the SUV Experience
- Mar 16, 2024
- Views : 69648
Online ride hailing service Uber Technologies is set to invest $1 billion in India, which will bring its investment on par with that in China, the Financial Times reported.
Uber said that this move would help its service reach 1 million daily rides by March 2016, the first time the company has set such target for India, The Financial Times said.
Amit Jain, president of Uber India, said the company was "extremely bullish" on the Indian market and that it continues to see a 40 percent monthly growth, FT reported.
Jain also added that the company will expand service beyond the 18 cities in which it operates, the largest number in any country outside of the United States.
Uber was not immediately available for comment. Amit Jain, president of Uber India, said the company was "extremely bullish" on the Indian market and that it continues to see a 40 percent monthly growth.
On Wednesday, Uber launched its own auto leasing subsidiary in an effort to sign up more drivers, injecting the fast-growing ride services company directly into the financial services sector for the first time.
Earlier this month, a Delhi court revoked a government ban imposed on Uber, clearing the way for the company to operate in the capital city and reapply for a licence.
India asked unregistered web-based taxi services to halt operations in December after a driver contracted with Uber was accused of rape. Uber applied for licences in New Delhi but kept operating while approvals were pending.
One of the fastest-growing sharing-economy companies, Uber operates in 57 countries, with an estimated value of more than $40 billion. It has also tangled with transportation authorities across the globe, along with attorneys seeking to deem Uber drivers employees entitled to benefits.
Maruti Suzuki Rock N Road: Redefining the SUV Experience
Are Maruti Suzuki’s Strong Hybrid Powertrains The Best Engine...
Mahindra XUV 3XO (XUV300 Facelift) Launched With Significant Design...
3 New Major Design Details Mahindra XUV 3XO Will Pack Over...
This Tata Car Has Been Announced As The Official Car For IPL 2024
Tata Curvv: A Much Clearer Look At Its Interior Ahead Of Its Unveiling
Citroen Basalt vs Tata Curvv: Exterior Design Compared
2024 Mahindra XUV 3XO Interior Revealed: Old vs New Compared
Overview In 10 Images: Mahindra XUV 3XO Mid-Spec MX3 Variant
5 Features Upcoming 2024 Maruti Suzuki Dzire Is Expected To Get Over...
India's largest automotive community