Hyderabad, June 16, 2016: Tata companies and Uber Technologies Inc. today announced a new partnership to offer driver partners on the Uber platform a comprehensive vehicle purchase and ownership solution.
Owners and drivers on the Uber platform will now be able to:
- Buy fuel efficient cars like the Indica and Indigo from Tata Motors
- Gain access to flexible and customised financing solutions from Tata Capital Financial Services and Tata Motors Finance; and
- Get affordable insurance from Tata AIG
In addition, Tata Business Support Services will provide operational support for drivers wanting to use this new vehicle solutions program.
This is a pan-India initiative, which has been rolled out first in Hyderabad. Over the next one year, the initiative endeavours to fuel micro-entrepreneurship across India by enabling over 20,000 drivers to start their own business on the Uber platform.
The announcement of this partnership succeeds the Tata Opportunity Fund’s investment in Uber last year. This partnership reflects how Uber can better support drivers in India, and how Tata companies can collaborate to deliver seamless solutions to Tata group business partners.
Mr. Madhu Kannan, Member-Group Executive Council, and Group Head for business development and public affairs, Tata Sons, said, “A unique strength of the Tata group is that it can provide convergent solutions, meeting multiple requirements of its customers, and this partnership is a distinctive example of this strength. We are delighted to take our relationship with Uber forward, leveraging its technology expertise and Tata companies’ capabilities and reach.”
Mr. Eric Alexander, Head of Business, Uber Asia, said, “Uber has made it possible for millions of people in India to get a ride and work at the push of a button. It’s clear from talking to drivers how much they value their flexibility and independence. It’s why we are excited to work with Tata to help make it easier and more affordable for drivers to get on the road–increasing micro entrepreneurship in India.