Uber selects Melbourne for aerial services; confident Uber Air will operate in India in future
In September last year, Uber had said it is considering India among five global locations (apart from Japan, Australia, Brazil and France) for its futuristic aerial taxi service.
Uber has named Melbourne as the third city to kick-off its aerial services after Dallas and Los Angeles, and the ride hailing giant remains confident that Uber Air will operate in India in the future. In September last year, Uber had said it is considering India among five global locations (apart from Japan, Australia, Brazil and France) for its futuristic aerial taxi service. It was also in talks with regulators in these countries to gauge the modalities and constraints of offering such a service in the next few years.
"While Melbourne has been currently chosen, we are confident that Uber Air will operate in all the other four potential countries, including India. The decision was made after comprehensive analysis and due diligence," an Uber spokesperson said.
The spokesperson said as part of the process, the five potential countries were evaluated on a variety of factors including market viability, weather favourability, complimentary infrastructure and enabling regulatory framework.
"We continue to remain committed to India and are bullish about bringing the benefits of urban mobility. We are extremely encouraged by the developments made in each country in support of the future of urban aviation and urban air mobility and will continue to work with local teams and policymakers to bring Uber Air to their cities in the future," the spokesperson added.
Uber had previously stated that it hopes to start operating demonstrator flights starting in 2020 and beginning commercial operations in 2023 in the three chosen cities.
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.
RECOMMENDED STORIES
Fundamental picks by brokerage: These 3 largecap, 2 midcap stocks can give up to 28% return - Check targets
SBI Senior Citizen Latest FD Rates: What senior citizens can get on Rs 7 lakh, Rs 14 lakh, and Rs 21 lakh investments in Amrit Vrishti, 1-, 3-, and 5-year fixed deposits
Tamil Nadu Weather Alert: Chennai may receive heavy rains; IMD issues yellow & orange alerts in these districts
SIP+SWP: Rs 10,000 monthly SIP for 20 years, Rs 25 lakh lump sum investment, then Rs 2.15 lakh monthly income for 25 years; see expert calculations
Top 7 Mutual Funds With Highest Returns in 10 Years: Rs 10 lakh investment in No 1 scheme has turned into Rs 79,46,160 in 10 years
SIP vs PPF: How much corpus you can build in 15 years by investing Rs 1.5 lakh per year? Understand through calculations
Retirement Planning: Investment Rs 20 lakh, retirement corpus goal Rs 3.40 crore; know how you can achieve it
11:27 PM IST