Wow! Jio will take users on a taxi ride

New Delhi: Reliance Jio has been surprising its customers lately. Now the Mukesh Ambani led Relaince Jio has planned something different for you.

The company has planned to launch taxi service which will be based on application and has ordered around 600 cars to begin the service. The service is likely to be called Reliance Jio Cabs.

However, launch of the taxi service will depend on the commercial launch of the Jio telecom service, which is currently slated for April.

The company is likely to compete in the taxi service segment with aggressive pricing and has roped in consulting firm E&Y to come up with pricing strategies that align with Reliance Industries Chairman Ambani’s plans.

Ambani on Tuesday at a press conference in Mumbai announced that Jio has crossed 100 million subscribers and commercial rollout of Jio’s telecom service will begin from 1 April.

The company has reportedly ordered cars for from makers such as Mahindra and Hyundai. The idea is to operate its own fleet of cars along with independent cab drivers who can attach their cars to the Reliance Jio Cabs network.

Jio is planning to launch the services in Bangalore and Chennai first and then move on to Delhi and Mumbai.

Reliance’ Jio Cabs will have an “Uber like” app and development is already underway. The company is still exploring the payment system for drivers. It is likely to use Jio Money, its own mobile wallet.