Ola and UBER !!!!! Ye be warned !!!! Reliance is in the big game now

Mukesh Ambani after his huge success with the jio service has plans to launch an android app-based cab service as early as this year i.e 2017 and has ordered some 600 cars to rock this service. The service will run in the name of Reliance Jio Cabs.

• The launch of the taxi service will depend on the commercial launch of the Jio telecom service, which is currently slated for April. “The plan is to launch after April but it might take up to six months more depending how the commercial rollout pans out,” a source at Reliance Industries.

• Another source at Reliance Industries said that the company has ordered cars for its own fleet from makers such as Mahindra and Hyundai. “They have placed orders for nearly 600 cars,” this source said. 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.

• Rumours that the company is planning to take on Uber and Ola with Jio Cabs has been doing the rounds for more than a year now. A company spokesperson, however, told FactorDaily that it’s “speculation,” and refused to comment. Update: Reliance spokesperson Rohit Bansal  on Saturday that it is “WRONG AND DENIED.”

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

The launch of Reliance Jio Cabs will surely come at times when Ola and Uber face regulatory hurdles and protests by their drivers in different parts of country.