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.
Confirming the rumors, Japanese carmaker Toyota, announced that soon it will be introducing battery-run electrical vehicles (BEV) in the Indian market.
These vehicles will be brought under the collaboration with Suzuki Motor Corporation.
The electric vehicles will be based on the Maruti Suzuki’s Wagon R electric model, which is currently being tested in India. The car is believed to be launched in 2020.
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A few months ago, Toyota and Suzuki had announced a capital alliance. Earlier the two giants had signed an MoU in 2017.
The two had established that both would collaborate to develop electric cars and autonomous driving technologies along with several other projects.
So far, Maruti has tested 50 units of JDM (Japanese domestic market) WagonR EVs in various Indian conditions. The WagonR’s Heartect platform is likely to underpin the upcoming Toyota BEV when it is launched in India.
The upcoming Toyota electric vehicle is expected to give at least 200km for relevancy in the future.
Recently, Tata Motors recently launched a Tigor EV, which claims a range of 213km per charge. Upcoming EVs from other brands is also expected to deliver over 200km of range per charge.
(With input from agencies)
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