Maruti Suzuki India Limited has announced a significant investment exceeding Rs 1.99 crore in Amlgo Labs Private Limited, a leading technology startup specializing in data analytics, cloud engineering, Machine Learning (ML), and Artificial Intelligence (AI). This strategic initiative aims to propel Maruti Suzuki’s technological capabilities and foster innovation within the automotive sector.
By acquiring a commanding equity stake of over 6.44% in Amlgo Labs, Maruti Suzuki solidifies its position as a frontrunner in leveraging cutting-edge technologies for data-informed decision-making processes. The investment will be channeled through the Maruti Suzuki Innovation Fund, highlighting the company’s commitment to identifying and supporting startups with exceptional technological prowess.
This marks Maruti Suzuki’s second strategic investment in startups, following its previous venture with Sociograph Solutions Private Limited in June 2022. The move underscores Maruti Suzuki’s dedication to nurturing innovation and staying ahead of the curve in technological advancements.
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Hisashi Takeuchi, Managing Director & CEO of Maruti Suzuki India Limited, emphasized the company’s alignment with the Government’s #StartUpIndia initiative and its proactive efforts to strengthen the startup ecosystem. Takeuchi highlighted the investment’s role in enhancing the quality of new models through advanced analytics and machine learning techniques.
Ajay Yadav, Founder of Amlgo Labs Private Limited, expressed gratitude for the collaboration with Maruti Suzuki, which has significantly contributed to scaling up operations. Yadav highlighted the synergy between Amlgo Labs’ expertise in data analytics and AI solutions and Maruti Suzuki’s mentorship and networking opportunities, driving innovation and refining offerings in the automotive domain.
As Maruti Suzuki continues its journey of technological innovation, the investment in Amlgo Labs underscores its commitment to driving progress and excellence in the automotive industry through strategic partnerships with innovative startups.
