 "Maruti Suzuki acquires over 6% stake in technology startup Amlgo Labs")
Maruti Suzuki India on Saturday said it has acquired over 6 per cent stake in technology startup Amlgo Labs.
The startup operates in data analytics, cloud engineering, machine learning (ML) and artificial intelligence (AI) to assist companies in data-driven decision-making.
The investment is being made through Maruti Suzuki Innovation Fund, an initiative to undertake strategic investments in startups exhibiting high levels of technological innovation, the auto major said in a statement.
This is the second such investment by the company. Earlier, it had invested in Sociograph Solutions in June 2022.
ALSO READ: Maruti to recall 16,000 units of Baleno, WagonR over faulty fuel pump motor
"Our investment in Amlgo Labs will help us to further strengthen the quality of new models, using advanced analytics and machine learning," Maruti Suzuki India Managing Director and CEO Hisashi Takeuchi said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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