Reliance Retail will open its Smart Point convenience outlets, digital stores, charging points for electric vehicles, cafés and other food and beverages retailing formats next to the fuel stations.
Key Highlights
- The company is in talks with Reliance BP Mobility to turn a number of its fuel stations into highway retailing parks
- Reliance BP is also talking to chains such as Domino’s Pizza and McDonald’s to open outlets at its properties
- Development of worldclass highways and the growing number of Indians taking road trips have opened new opportunities for highway retailing in India.
New Delhi: Reliance Retail is planning to enter into yet another segment- highway retailing. The company is in talks with Reliance BP Mobility, the fuel marketing joint venture of Reliance Industries and UK’s BP, to turn a number of its fuel stations into highway retailing parks, the Economic Times reported citing people familiar with the plan.
Reliance Retail will open its Smart Point convenience outlets, digital stores, charging points for electric vehicles, cafés and other food and beverages retailing formats next to the fuel stations, the people told ET. Reliance BP is also talking to chains such as Domino’s Pizza and McDonald’s to open outlets at its properties, they said.
The move is aimed at tapping into the growing concept of highway retailing in India and leveraging its properties, the people said. “Retail development will only happen in petrol pumps where retailing is feasible, and on the highways,” the ET report quoted as saying one of the people.
According to market watchers, development of worldclass highways and the growing number of Indians taking road trips have opened new opportunities for highway retailing in India.
Property consultant Knight Frank in a report last year had said that India’s road network of 5.8 million kilometres in 2017 was only second to the US so highway retailing of food and beverages would offer a $2.7-billion opportunity by 2030 in India. India’s road network of 5.8 million kilometres in 2017 was only second to the US, it said in a report last year.
Worth mentioning here is that earlier also Reliance had tried its hands at highway retailing with food and beverage outlets on many of its petrol pumps, but the concept did not take off at that time.
“Now they are reviving it big time,” the publication quoted a second person as saying.
Singapore-based Cube Highways has tied up with Bharat Petroleum, the country’s second-largest fuel retailer, to open branded food outlets, convenience shops and toilets facilities at petrol pumps.
https://www.timesnownews.com/amp/business-economy/companies/article/highway-retailing-reliance-retail-plans-to-open-cafes-digital-stores-ev-charging-points-at-fuel-stations/795042
