[ad_1]
India orders Uber and Ola to have 40% of its electric fleet by 2026
India is serious about replacing gasoline and diesel vehicles with electric vehicles. The Indian government plans to oblige the telephone companies Ola and Uber (UBER), which own a large fleet of vehicles in the country, to convert 40% of their fleet into eco-friendly electric vehicles. April 2026, according to Reuters.
This measure could make India less dependent on oil imports, which have had an impact on the country's deficit. The recent rise in oil prices has led to a sharp depreciation of the Indian rupee against the US dollar.
Uber faces several challenges in India
The new rule could prove to be another hurdle for Uber in India, an important market for the company. He spent a lot on marketing in the country. In India, Ola, who started working on her fleet of electric vehicles, is facing stiff competition.
Uber has played iconic cricket icon Virat Kohli as cricket world cup ambbadador, and is actively investing in the promotion of Uber Eats, one of India's leading food distribution services. Uber Eats has grown rapidly. However, these promotions are detrimental to the Company's net income, which recorded a net loss of $ 1 billion in the first quarter.
Source link
