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Uber reviews India leasing scheme as driver incomes drop

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Global ride-hailing firm Uber Technologies is rethinking its car leasing strategy in India, its second-biggest market, as drivers have returned dozens of leased cars early after the company cut incentives, people familiar with the matter told Reuters. Uber had planned to buy 15,000 new cars last year and lease them out… Read more »

The interior of the office of ride-hailing service Uber is seen in this picture in Gurugram, previously known as Gurgaon, on the outskirts of New Delhi, India, April 19, 2016.  REUTERS/Anindito Mukherjee/File photo
(From left) Stayzilla founders Sachit Singhi, Yogendra Vasupal and Rupal Yogendra.
Dubai traffic. Photo: Bloomberg
The Uber app logo is seen on a mobile telephone in this October 28, 2016 photo illustration. REUTERS/Toby Melville/Illustration/File Photo
Uber should beware the DUD behind Indian expansion

It’s great that Travis Kalanick is seeking leadership help, though the Uber Technologies Inc. CEO might need advice in another area. Let’s call it DUD — distressed Uber debt. After a dashboard video of Kalanick’s spat with a driver, Fawzi Kamel, went viral last week, the co-founder of the ride-hailing service offered… Read more »

The logo of India's largest online marketplace Flipkart is seen on a building in Bengaluru, India, April 22, 2015.   REUTERS/Abhishek N. Chinnappa
Photo: Mint
India: Ola invests in cab leasing unit Ola Fleet

Ride-hailing service Ola has pumped Rs50 crore into its leasing subsidiary, Ola Fleet Technologies Pvt. Ltd, according to regulatory filings. This is Ola’s first significant capital infusion into the entity since its acquisition two years ago. Ola bought Delhi-based radio taxi service provider GCabs, owned by Apra Cabs India Pvt…. Read more »

Photo: Mint
Photo: Mint
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