MapmyIndia has received a substantial vehicle OEM business deal from Hyundai Autoever Corporation to license CE Info (MapmyIndia) map and linked services content to Hyundai Motor India and Kia India for the Indian market.
The deal, at around Rs 400 crore (US$ 50 million), is for the next five years, beginning this year. It includes map and connected services content such as real-time and predictive traffic, mobile SDK, online search, and call center maps for embedded connected navigation, as well as connected car services from Hyundai Motor Group’s two vehicle manufacturing entities in India, Hyundai Motor India and Kia India.
Car owners, like their smartphones, want to be completely connected in their computers on wheels, which is why OEMs across the board are pushing the connection boundaries with a slew of tech-driven features. In line with a worldwide trend, demand for linked automobiles is rapidly increasing. It’s no different in India, where car customers expect increased simplicity of operation with high levels of seamless connection.
In the Indian passenger car market, both Hyundai Motor India and Kia India have taken the lead in connection. Hyundai has connected automobile technology under the Bluelink name, and Kia India has the Uvo Connect linked suite, both with identical features.
Hyundai Motor India, which introduced its Bluelink connected car technology in 2019 in its Venue compact SUV with 10 India-specific features, currently offers it in around 80% of its product range as an option and plans to offer it across the entire range in the foreseeable future.
The foremost deep-tech and advanced digital map company in India, MapmyIndia, provides automotive OEMs, new-age tech companies, large businesses, government organizations, developers, and consumers with proprietary digital maps as a service (MaaS), software as a service (SaaS), and platform as a service (PaaS) along with its advanced digital map data, software products, platforms, application programming interfaces (APIs), and IoT and solutions.
Rohan Verma, CEO and Executive Director, MapmyIndia, said, “We are excited about Q4 FY2024, with a strong order book build up based on very large new wins and look forward to sharing developments shortly. YTD (9M FY2024) revenue growth was broad-based, with A&M up 19.5% and C&E up 43.1% on the market side, while Map & Data was up 37.6% and Platform & IoT was up 26.5% on the product side. We had multiple wins and go-lives across our Auto OEM NCASE suite with an exciting funnel ahead.”