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Reliance Jio Cabs Coming Soon To Dominate Ola and Uber

We all are aware of Jio telecom Services than we are getting from last approx 18 months. Now Jio is planning to launch it’s Jio cabs services in two major cities like Bangalore and Chennai first and then move on to Delhi and Mumbai, From Ear to ear hears news the first source said. “South India will be a better market for hike start. later on it will move on to north,” . The Jio company will pursue a “mixed market strategy plan,” where Jio not only goes after major cities but also smaller cities such as Bhopal as well as Jaipur.

Reliance’ Jio Cabs will have an “Uber and Ola like” app and development is already under process. As per the flying source, the company is still working on the payment system for drivers. It is most predictable to use Jio Money, Jio own mobile wallet.

About Jio Cabs Services:-

Reliance Jio Entered into the telecom sector, with free calling service, free sms service and data pack service in India, has a major impact on the profitability and stock prices of rival telecom operators like Vodafone, Airtel, Bsnl and others. It is also driving a wave of consolidation in the market sector.

If we calculate an sketch idea taxi companies served nearly about 400 million rides in 2016, up from 130 million rides in 2015, according to a report by market research and advisory firm RedSeer in February. Some like financier SoftBank Group have predicted that Indian cab aggregator market is poised to touch $8.5 billion by 2021 — a market that is currently dominated by homegrown Ola and global rival Uber.

The launch of Reliance Jio Cabs comes at very difficult time when both Ola and Uber have spread their network to many cities and face regulatory hurdles and protests by their drivers in different parts of the country.

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