No plans to launch app-based taxi service, Reliance Industries clarifies

Rejecting the speculations that the billionaire Mukesh Ambani-led Reliance Industries is lining up its fleet of app-based cabs in India, the company today said that it sees no logic in diversifying into unrelated sectors. It
Mukesh Ambani, Reliance Industries, Taxi Service - India TV
India TV Business Desk New Delhi 25 Feb 2017, 04:22 PM

Rejecting the speculations that the billionaire Mukesh Ambani-led Reliance Industries is lining up its fleet of app-based cabs in India, the company today said that it sees no logic in diversifying into unrelated sectors.

It has been speculated for months that Reliance Jio, the company’s telecom venture that has created ripples by signing up 100 million customers in just 170 days of launch, will soon launch a taxi service.

The company had not commented on the speculations so far but took to the Twitter to deny the foray after an online publication stated that Jio has ordered some 600 cars to “kickstart” the service.

A Reliance spokesperson tweeted that the report is “WRONG and DENIED”.

The company has no plans to get into unrelated diversification, another official explained.

Reliance Jio had earlier this week announced a strategic partnership with Uber to allow users of the app-based taxi aggregator to pay for their rides through Jio’s prepaid wallet.

Enabling commuters to pay for their rides through JioMoney is as far as the company intends to go, the official added.

(With inputs from PTI)

 
 

More from business