Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

But the job is not done yet!
Vote for the deserving candidate this year.

Check your mail to know more

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
SPONSORED BY
Powered by cricketnext logo
»
1-min read

BMW to Offer Ride Hailing Services in China from December

China's ride-hailing market is worth $23 billion, more than all other ride-hailing markets combined.

Reuters

Updated:November 22, 2018, 5:12 PM IST
facebookTwittergoogleskypewhatsapp
BMW to Offer Ride Hailing Services in China from December
BMW logo. (Photo: Reuters)
Loading...
Germany's BMW plans to launch ride-hailing services in China in December, the first global automaker to obtain such a licence in the fast-growing market. BMW Mobility Service Ltd, a fully-owned subsidiary of the BMW Group, obtained its ride-hailing licence in Chengdu, the capital of Sichuan province in China's southwest, BMW said. BMW Group said in October it would increase its stake in its Chinese joint venture with partner Brilliance China Automotive Holdings Ltd to 75 percent from 50 percent.

China's ride-hailing market is worth $23 billion, more than all other ride-hailing markets combined, with China's Didi Chuxing dominating with 90 percent of all bookings, consulting firm Bain & Co said.

Germany's Daimler said in October it was setting up a ride-hailing venture in China with Geely Group, in a sign the Chinese firm was making progress in its drive for closer relations with the maker of Mercedes-Benz cars. BMW had recently launched an exclusive end-to-end ‘Online Sales Channel’ in India; where customers can select and purchase their BMW car online.
| Edited by: Abhinav Jakhar
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
T&C Apply. ARN EU/04/19/13626
 

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results