Under the scheme, the drivers can avail of offers and services through Uber's partnerships with leading financial institutions and car manufacturers with a down payment of as low as Rs 25,000, Uber said in a statement here.
Presently, 'kaali-peeli' drivers rent taxis for 12-hour shifts paying as high as Rs 600 per shift (excluding CNG), Uber claimed.
With the same amount of money, these drivers can own their vehicles, it said.
This comes at a time when taxi and auto-rickshaw drivers across all major cities, including Mumbai, Delhi, Bengaluru and Kochi, have been organising protests, saying that on- demand taxi aggregators like Uber and Ola are a threat to their livelihoods.
"At Uber, we are keen on building micro entrepreneurship by providing flexible economic opportunities for all. Through this special scheme, we wish to encourage existing taxi and auto drivers to become financially independent by reaping the benefits of our platform," said Shailesh Sawlani, General Manager, Uber Mumbai.
Uber claims that at least 30 per cent of its existing driver partners in Mumbai are ex-taxi, auto and radio taxi drivers.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
