Motilal Oswal
    NIFTY 50
Motilal Oswal
Jun 13, 2018 02:56 PM IST | Auto

Toyota pumps $1 billion in Grab in auto industry's biggest ride-hailing bet

The deal comes as the auto industry faces a spike in the need for technological prowess with the advent of features such as autonomous driving, while app makers offer passengers the option to forgo car purchases by connecting them with drivers.
Some automakers have responded by partnering with makers of ride-hailing apps which dominate the fast-growing field of mobility services, in anticipation of a future of reduced car ownership.
Published Date: Jun 13th, 2018 02:56 PM | Updated Date: Jun 13, 2018 02:56 PM IST

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