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Uber suspends car leasing scheme as income of drivers drops

Uber suspends car leasing scheme as income of drivers drops

Friday, March 24, 2017, 10:35 AM

Uber Technologies is rethinking its car leasing strategy in India, its second-biggest market, as drivers have returned dozens of leased cars early after the company cut incentives, people familiar with the matter told Reuters. Uber had planned to buy 15,000 new cars last year and lease them out in a bid to attract more drivers - a strategy it has used in other markets.
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