Car News Tata Motors

Tata Group, Uber finalize deal worth USD 160 million (INR 1,078 crore)

 
Tata uber deal finalized
Image Credit: IndiaToday

Around 20,000 cars are expected to sold through this deal.

Tata Group and taxi aggregator Uber has entered into sales and financing deal which is worth USD 160 million (INR 1,078 crore). This deal comes to light when Mahindra is reportedly in talks with the taxi aggregators for a similar arrangement.

The agreement will involve Tata Group companies including Tata Motors, Tata Capital, Tata Motors Financial, etc.

Indica emax CNG (2)

The deal aims to offer a complete one-stop-shop solution for customers who are planning to set up their micro businesses on the Uber platform. As a part of the deal, Tata Motors will supply Indicas and Indigos at a discounted rate, while Financial and Capital divisions will offer loans.

Tata AIG will take care of insuring the uber cabs that are bought through this deal. Tata Business Support Services will be providing operational support to the customers in availing this comprehensive solution.

This deal which has kick started in the state of Telangana will be expanded across the country in a phased manner. The deal is expected to benefit 20,000 Uber drivers.

Uber Tamil Nadu

The deal will be extended pan-India in a phased manner.

While Uber will have a better chance of attracting cab owners with a hassle-free solution on offer, the deal will help the Tata Group companies involved improve their businesses. We could see more such deals between conglomerates (that have car manufacturing as their prime business) and taxi aggregators in the near future.

 

About the author

Nithyanandh Karuppaswamy

Winner of national level automotive quiz competitions, Nithyanandh aka Nithz jumped into the blogosphere right after gaining a degree in Mechanical Engineering. Love for automobiles and an even greater drive to share his knowledge with the automotive community, Nithz is Deputy Editor at RushLane.

Email - nithyanandh@rushlane.com

  • Rahul Dev

    Is this the begining of the end of pvt ownership????