Mumbai: MG Motors India and Mukesh Ambani’s Reliance Jio Networks have joined hands to check the frequent internet connectivity problem in remote areas while traveling. MG Motors India and Jio Networks have reached a key agreement to guarantee customers uninterrupted internet access. Another step forward for the Internet of Things(IoT)
MG and Jio Partnership
Hector and Gloucester models from Morrison Garages (MG) India are already running on Indian roads.MG Motors is all set to launch a mid-range SUV soon. However, the game-changer feature is available for infotainment in this SUV. To this extent, it has teamed up with the Reliance Jio Network, which has created a sensation in internet connectivity.
Net connectivity
MG Motors will be adding the feature of continuous net connectivity to the soon-to-be-released mid-range SUV. Jio Network will provide technical support. Jio will provide e-SIM and other hardware and software to enable constant net connectivity in the car. This allows the car to have 4G internet even when traveling in remote areas.
Many changes are taking place in the infotainment section of the new cars. Adding the latest features related to GPS navigation as well as audio and video. But without the Internet, more than half of its features would be useless. This gives net connectivity to those traveling by car to any corner, regardless of town or village.
No. 1 in technology
MG Motors President, MD Rajiv Chaba, said that the latest agreement with Jio would make them the brand number one in the automobile industry in terms of technology. Reliance Jio President Kiran Thomas says barriers to connectivity, infotainment, streaming, and telematics in the automobile industry will be overcome by now.
Reliance Industries Planning to Buy Indian Subway Franchise
On the other hand, reliance industries are planning to acquire an Indian franchisee for the Subway.
Reliance Industries Ltd, the country’s largest company by market capitalization, will soon acquire the Indian franchise of Chain Subway Inc., the world’s largest single-brand restaurant. Reliance chief Mukesh Ambani focuses on the Quick Service Restaurant (QSR) business.
Subway is headquartered in Connecticut, USA. The company operates in India through several local master franchises. According to a newspaper, the deal could be worth between $ 200 million and $ 250 million, or between Rs 1,488 crore and Rs 1,860 crore, sources said.
Domino, Pizza Hut, Burger King, Pizza, Starbucks, and local partner Tata Group, Jubilant Group will be directly competing with Reliance Retail after the deal. However, some private equity companies are already trying to buy the sandwich manufacturer Subway Local franchise operations. Following the deal, Reliance Industries’ retail unit will own about 600 subway stores across India. Subway wants to expand its business in India through a single partner.
Delhi-based Chetan Arora, Sachin Arora, Manpreet Gulari, Rishi Bajoria Gulpreet Gulari, and Rahul Bhalla are the major development agents for the Subway in India. The US-based restaurant operates stores through sub-franchisees hired by the master franchise. Dabur promoter Amit Burman Light Bite Foods is also included.
The Subway is currently owned by Doctors Associates. The company takes eight percent of the revenue from each franchise. It has a 6 percent stake in Rs 18,800 crore worth of organized quick-service restaurants in India. Domino’s is the market leader with a 21 percent share. It is followed by McDonald’s with an 11 percent stake.
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