Reliance and Tata Group have joined hands to challenge Ola and Uber.
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#ola #uber #tata #reliance #Blusmart #ev #renewableenergy #twitterthread @BluSmartIndia
The renewable energy sector in India is one of the few sectors where top Indian business houses compete openly.
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With each passing day, new Indian business houses are entering the renewable energy sector and turning up the heat in the sector.
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Tata and Reliance are also locking horns with each other in the super app business. The two groups are building their super apps and acquiring Indian startups to corner a significant market share of the Indian e-commerce market.
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However, Tata and Reliance have joined hands with one startup to redefine the public transport segment in India.
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The rivals in renewable energy and e-commerce, Tata Group and Reliance Industries, have partnered with BluSmart, an all-electric cab operator in India.
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BluSmart is the first Indian cab operator to operate only EVs. Currently, the company operates only in Delhi NCR with its 600+ EV fleet.
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The company claims to offer at least a 30% cheaper rate than Ola and Uber. The company is planning to expand its operations to other cities in India.
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Last year, Tata Motors signed an agreement with BluSmart to supply 3,000 EVs. With 3,000 EVs, BluSMart plans to launch its services in other metro cities like Bangalore and Mumbai. After its launch in Bangalore and Mumbai, it will directly compete with Ola and Uber.
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BluSmart has also signed an agreement with Jio-BP, the JV between Reliance Industries and British Petroleum, to set up smart charging hubs across India.
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British Petroleum has also invested $13 million in BluSmart to give the company financial muscle to compete against the two dominant cab operators, Ola and Uber.
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Soon BluSMart will have EVs from Tata Motors and charging stations from Jio-BP and expand its operations to other parts of the country. In BluSmart, Reliance and Tata Group have joined hands to challenge the duopoly of Ola and Uber in India.
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BluSmart could also be the only common link between the two super apps of Tata Group and Reliance Industries.
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