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Hero MotoCorp Eyeing Alliance With Uber?
Hero MotoCorp and Uber may tie up to tap into the bike taxi segment in India. Talks are underway and here’s a report of what can be expected.
India's largest two-wheeler manufacturer, Hero MotoCorp, is eyeing an alliance with Uber, and talks are in its preliminary stage. The possible alliance or tie-up is primarily aimed at the domestic two-wheeler taxi market.
Since talks are still in its initial stages, it is early to determine the nature of discussion between both companies. Sources claim that both companies will jointly tap the emerging two-wheeler taxi market in India.
Pawan Munjal, the CEO of Hero MotoCorp has already invested in a bike taxi firm, and for Uber, India is an important market after the US. Industry experts say that both firms will benefit with the alliance since Hero MotoCorp and Uber have a large market share in their relative business.
Regarding the talks between both companies, Hero MotoCorp has declined to comment, while Uber has not responded to emails by ET. Stay tuned as we will bring you more news as the talks progress.
Hero MotoCorp is one of the Indian two-wheeler manufacturers who had a successful year during the Dakar Rally, and below is all the action portrayed in pictures.
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