|Chennai||Rs. 27580.00 (0.18%)|
|Mumbai||Rs. 28700.00 (0%)|
|Delhi||Rs. 27700.00 (0.73%)|
|Kolkata||Rs. 28270.00 (0%)|
|Kerala||Rs. 27050.00 (0.74%)|
|Bangalore||Rs. 27350.00 (1.11%)|
|Hyderabad||Rs. 27660.00 (1.21%)|
AirAsia Group Chief Executive Officer Tony Fernandes is looking to enter India's insurance market through Tune Money. The venture will be separate from the airline business.
"Apart from our airline venture, we have low cost hotels and are also planning to grow our insurance business in India. A separate team is working on this business which will provide travel, accidents and personal insurance", Fernandes said. The Group has a Tune Hotel operational in Gujarat. He further added that he is looking at leveraging the Tata Group's retail base to expand its sales operations in the country. "We can find a way to book tickets on the internet for which, payments can be made within a day at the Tata Group's retail stores. The idea is to allow customers who do not own credit cards to purchase tickets online. We will also encourage the use of prepaid cards." While Expedia would continue to be at the forefront of AirAsia's distribution set-up, the airline would not preclude other modes of boosting sales.