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Tata Group To Tie Up With Uber For Vehicle Purchase
Tata Group is tieing up with Uber cabs for the purchase of vehicles for the ride-sharing purpose. With this tie-up, Uber has the option to offer its drivers to buy Tata Motors vehicles with comprehensive vehicle purchase and financing solutions and other benefits.
With this partnership, drivers are being offered cars like the Tata Indica and Indigo and will also get access to customised and flexible financing options to purchase and operate under Uber cabs. The finance solutions will be provided by Tata Capital and Tata Motors Finance.
Madhu Kannan, Member-Group Executive Council, and Group Head for business development and public affairs, Tata Sons. said, that not just the financing of the vehicle, but also the insurance of the vehicles will be offered under the same programme.
This programme will be kicked off in Hyderabad and will be rolled out pan-India, over the next year it will be extended to other places, which will enable over 20,000 drivers to start their own business on the Uber platform, Kannan said.
Eric Alexander, Head of Business, Uber Asia, said "It's clear from talking to drivers how much they value their flexibility and independence. It's why we are excited to work with the Tatas to help make it easier and more affordable for drivers to get on the road, thereby promoting micro-entrepreneurship in India."
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