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    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
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Delayed Japan Exchange  -  01:00 2022-12-02 am EST
6055.00 JPY   +0.13%
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Uber asks its India drivers to ensure rear seatbelts in their cars work

09/20/2022 | 06:48am EST
FILE PHOTO: A billboard of ride-hailing service Uber is pictured on a highway in New Delhi

NEW DELHI (Reuters) - Ride-hailing company Uber Technologies has asked its drivers in India to ensure backseat seatbelts in their vehicles are accessible to passengers and they work, days after a local business tycoon died in a crash involving his private car.

The move comes amid a growing road-safety push in India, the world's fourth-largest car market. Earlier in September, Cyrus Mistry, the former chairman of India's Tata Sons, died in a crash involving his Mercedes, and local media reported he was not wearing a seatbelt while seated at the back.

"To avoid any fines or complaints by riders, please ensure the seatbelts on the back seats are accessible and functional," Uber said in an advisory to its drivers on Tuesday which was seen by Reuters.

A source with direct knowledge also said Uber was conducting checks at airports to ensure its drivers were complying with seatbelt norms.

Uber did not immediately respond to a request for comment.

Its Indian competitor Ola, which is backed by SoftBank Group, also sent an advisory to drivers in recent weeks to enforce seatbelt rules, a company representative told Reuters.

This comes at a time when the government is also trying to push through a series of measures to improve road safety in a country that has the world's deadliest roads.

The World Bank said last year that India had a death on its roads every four minutes.

India already has rules mandating passengers in the back seat to wear seatbelts but only a few comply. Enforcement is also poor despite the provision of a fine of 1,000 rupees ($12.55) for non-compliance.

In most cases, car and taxi owners put seat covers atop seatbelts on their back seats, making them inaccessible for use.

Uber told drivers in its advisory to ensure backseat seatbelts were installed, adding "if the belt is hidden under the seat cover, please remove the cover".

India's government has also said it wants car makers to install an alarm system for rear seatbelts to enforce their use and mandate six airbags in all cars.

(Reporting by Aditya Kalra and Aditi Shah; Editing by Muralikumar Anantharaman)

By Aditya Kalra and Aditi Shah


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
SOFTBANK GROUP CORP. 0.13% 6055 Delayed Quote.11.43%
UBER TECHNOLOGIES, INC. 1.45% 28.75 Delayed Quote.-31.43%
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Analyst Recommendations on SOFTBANK GROUP CORP.
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Financials
Sales 2023 6 516 B 48 151 M 48 151 M
Net income 2023 446 B 3 297 M 3 297 M
Net Debt 2023 15 131 B 112 B 112 B
P/E ratio 2023 20,6x
Yield 2023 0,73%
Capitalization 8 852 B 65 413 M 65 413 M
EV / Sales 2023 3,68x
EV / Sales 2024 3,45x
Nbr of Employees 59 721
Free-Float 62,2%
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Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 6 055,00 JPY
Average target price 7 426,67 JPY
Spread / Average Target 22,7%
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Managers and Directors
Masayoshi Son Chairman & Executive President
Yoshimitsu Goto CFO, Director & Senior Managing Executive Officer
Tim Mackey Chief Legal Officer & Group Compliance Officer
Masami Iijima Independent Outside Director
Yutaka Matsuo Independent Outside Director
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