Maruti, Suzuki scale up their bets for a shared mobility ride
28 April 2019 1:38 PM GMT
Maruti, Suzuki plan to invest in startups in India to develop solutions for the shared mobility industry.In India, auto makers are investing in cab aggregators, while developing vehicles more suited for such applications
- NEW DELHI: Maruti Suzuki India Ltd and parent Suzuki Motor Corp. are scaling up their bets in the shared mobility industry by developing a multipronged strategy to exploit this rapidly growing market and offset a potential impact on sales of personal vehicles, said two people aware of the plans.
- The companies plan to invest in startups in India to develop software solutions for the shared mobility industry comprising both cab aggregators and logistics players for commercial vehicles, said the people cited earlier, requesting anonymity.
- In India, auto makers are investing in cab aggregators such as Ola and Uber, while also developing vehicles that are more suited for such applications, including electric and hybrid vehicles.
- In the beginning, the new department would study various startups in terms of business potential while spearheading the company's shared mobility activities, they said.