No plans to launch app-based taxi service, clarifies Reliance

It has been speculated for months that Reliance Jio, the company's telecom venture that has created ripples by signing up 100 million customers in just 170 days of launch, will soon launch a taxi service.

No plans to launch app-based taxi service, clarifies Reliance
Reliance Jio had earlier this week announced a strategic partnership with Uber to allow users of the app-based taxi aggregator. Photo: Reuters
Updated: Sat, Feb 25, 2017
02:54 pm
New Delhi, PTI
RELATED NEWS
Reliance Jio launches ‘affordable’ 2GB plan—Check price, plan validity and more here Reliance Jio launches ‘affordable’ 2GB plan—Check price, plan validity and more here
CLSA highlights 2021 outlook for Bharti Airtel with Rs 730 target on strong growth, likely AGR relief and an inexpensive Valuation CLSA highlights 2021 outlook for Bharti Airtel with Rs 730 target on strong growth, likely AGR relief and an inexpensive Valuation
Bharti Airtel share price: Focus on ARPU and spectrum auction in 2021 says HSBC Bharti Airtel share price: Focus on ARPU and spectrum auction in 2021 says HSBC
Which mobile network has fastest down load speed; which has fastest upload speed? This report reveals the WINNER! Which mobile network has fastest down load speed; which has fastest upload speed? This report reveals the WINNER!

Billionaire Mukesh Ambani-led Reliance Industries has no plans to launch an app-based taxi service as the company sees no logic in diversifying into unrelated sectors.

It has been speculated for months that Reliance Jio, the company's telecom venture that has created ripples by signing up 100 million customers in just 170 days of launch, will soon launch a taxi service.

The company had not commented on the speculations so far but took to the Twitter to deny the foray after an online publication stated that Jio has ordered some 600 cars to "kickstart" the service.

A Reliance spokesperson tweeted that the report is "WRONG and DENIED".

The company has no plans to get into unrelated diversification, another official explained.

Reliance Jio had earlier this week announced a strategic partnership with Uber to allow users of the app-based taxi aggregator to pay for their rides through Jio's prepaid wallet.

Enabling commuters to pay for their rides through JioMoney is as far as the company intends to go, the official added.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.