Uber CEO aims to get into cheap rides in ‘Toughest Market’ India
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Uber Technologies Inc. wants to quicken an expansion into the cheaper but potentially larger market for two- and three-wheeled rides in India, extending a long-running rivalry with local provider Ola.Chief Executive Officer Dara Khosrowshahi on Thursday talked about how Uber was trying out services from scooters to motorbikes in what he called his “toughest market,” providing a model for expansion in other countries. The CEO also broached the idea of bus services during an onstage conversation in Bangalore with Nandan Nilekani, the billionaire co-founder and chairman of IT services company Infosys Ltd. Khosrowshahi is an infrequent visitor to an Asian country that represents one of his larger markets, particularly after pulling out of China and Southeast Asia. Uber just scored it...