Maruti Suzuki acquires stake in homegrown AI startup Amlgo Labs
Maruti Suzuki India on Saturday announced it has invested in Amlgo Labs Private Limited, an Artificial Intelligence and Machine Learning (AI-ML)-led startup.
Maruti Suzuki India (MSI), the biggest car manufacturer of India, reported a 7.88 per cent increase in production in December. It produced 115,949 units last month, in comparison to 107,478 units produced during the same time in 2018, the company said on Wednesday.
In a regulatory filing, MSI announced it had produced 1,07,478 units in December 2018.
The hike in production in December 2019 was due to the rise of compact and utility vehicles sub-segments comprising new WagonR, Celerio, Ignis, Swift, Baleno, OEM Model and Dzire, at 62,448 units as against 44,329 units in the year-ago month, an increase of 40.87 per cent.
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The mini segment consisting of Alto, S-Presso, old WagonR saw a 9.54 per cent decline at 25,613 units as compared to 28,314 units in the same month in 2018, it added.
Utility vehicles, including Gypsy, Vitara Brezza, Ertiga, XL-6, S-Cross production stood at 19,825 units in Decmber 2019 as against 16,436 units in the same month a year ago, up 20.62 per cent, the company said.
MSI said mid-sized sedan Ciaz production stood at 894 units as compared to 1,516 units in the corresponding month in 2018, while those of vans Eeco and Omni saw 62.16 percent cut at 6,182 units as compared to 16,338 units in the same month a year ago.
Production of light commercial vehicle Super Carry increased to 987 units in December 2019 from 545 units in the year-ago month, the company added.
Last year in November, Maruti had increased its production 4.33 per cent, after having reduced output for nine straight months due to lower demand. The company produced a total of 1,41,834 units in November 2019 as against 1,35,946 units in the year-ago month.
(With input from agencies)
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