The Adani Group is working on a plan to build a fleet of passenger vehicles to facilitate passenger vehicles at its airports located in Tier-1 cities. For this the company will make huge investment. This fleet of passenger vehicles of the company will be listed on platforms like Uber.
According to a report published in the Economic Times, the company is already in the process of negotiating with Uber on this issue. Let us tell you that the Adani Group operates 7 airports in the country.
The Economic Times report said that these two companies have recently announced a partnership agreement under which Uber pick-up zones will be created at at least 5 airports operated by the Adani group.
This initiative is a part of the business strategy of the Adani Group, which will give impetus to the growth of the airport business. The Adani Group operates airports in Mumbai, Ahmedabad, Lucknow, Jaipur, Thiruvananthapuram, Guwahati and Mangalore.
Apart from its airport business, the Ahmedabad-based Adani Group is also investing in other companies. Earlier this month, the company signed an agreement with AirWorks, India’s largest independent aircraft maintenance, repair and overhaul company. The value of this agreement is Rs 400 crore.
The Adani Group had last year bought a 74 per cent stake in Flamingo Travel Retail and its Mumbai-based travel retail arm. Let us tell you that Flamingo Travel operates duty free outlets at major Indian airports. Its Flipkart-owned online travel agency Cleartrip was acquired by the Adani Group in October last year.
Uber and Ola are facing supply problems with full numbers of drivers not returning to their platforms after the pandemic.
Another source said, “For players like Uber and Ola, stepping into the fleet operator segment as a big player can come as a lifesaver for them.”