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MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  Maruti Suzuki India Ltd    MARUTI   INE585B01010

MARUTI SUZUKI INDIA LTD

(MARUTI)
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Maruti Suzuki India : invites entries from startups for its fifth MAIL cohort

11/18/2020 | 11:38am EST

Maruti Suzuki invites entries from startups for its fifth MAIL cohort.

Highlights:

* Maruti Suzuki's innovation program MAIL (Mobility & Automobile Innovation Lab) co-creates technological & digital solutions for the Indian automobile industry

* MAIL program is aligned with the Government's vision of Startup India

* Maruti Suzuki has engaged with 18 startups since January 2019

* Maruti Suzuki has already enabled 10 PoC (proof of concepts); Entries for fifth cohort open today

New Delhi : Maruti Suzuki India Limited (MSIL) has invited entries from startups for the fifth cohort under its Mobility & Automobile Innovation Lab (MAIL) initiative. Maruti Suzuki has collaborated with 18 startups selected in the previous four rounds of the MAIL program.

Maruti Suzuki has invited applications from early-stage startups that are working in mobility and automobile space. Launched in January 2019, MAIL supports the startup ecosystem by providing them with industry exposure. MAIL offers them an opportunity to work on technology and solutions that can be applied in real-world business scenarios.

The selected startups get an opportunity to undertake paid proof of concept (PoC) with the company to develop industry ready solutions for any live case across business functions like - Marketing & Sales, Engineering, Service, Production, Logistics, Warehousing, Spare Parts and Accessories. The startups also get an opportunity to implement their innovative solutions and validate them for business readiness.

Mr. Kenichi Ayukawa, Managing Director & CEO, Maruti Suzuki India Limited said, 'We are extremely delighted to have completed two years of collaborating and promoting the startup fraternity through our MAIL program. We have successfully engaged with 18 startups and have enabled 10 POCs. As a next step, in the fifth cohort, we look forward to engage with more startups with innovative ideas for the automobile industry. Entrepreneurs with disruptive ideas, especially in light of the ongoing pandemic situation, can apply for the fifth cohort of our MAIL initiative.'

See more at: https://www.marutisuzuki.com/corporate/media/press-releases/2020/maruti-suzuki-invites-entries-from-startups-for-its-fifth-mail-cohort

Maruti Suzuki has partnered with GHV Accelerator - an Indo Japanese early stage seed fund, to identify and address the early-stage startups with innovative and customer-oriented solutions. The participating startups will be provided with an opportunity to turn their innovative ideas into practical disruptive solutions and showcase their entrepreneurial capabilities. As on today, Maruti Suzuki has on boarded two startups as business partners.

Out of the 18 startups currently associated with MSIL, four are undergoing acceleration with us.

The selected startups will be mentored by several industry experts in the domestic and international startup ecosystem. The interested startups across India can apply for the program by visiting the MAIL website: www.marutisuzukimail.com.

Issued by:

Corporate Communications,

Maruti Suzuki India Limited,

1, Nelson Mandela Road,

Vasant Kunj, New Delhi

Ph: 91-11-4678 1000

Email: corp.comm@maruti.co.in

Website: www.marutisuzuki.com

Twitter: @maruti_corp

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
MARUTI SUZUKI INDIA LTD -1.53% 8024.75 Delayed Quote.4.90%
SUZUKI MOTOR CORPORATION -1.69% 5132 End-of-day quote.7.32%
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Sales 2021 674 B 9 216 M 9 216 M
Net income 2021 45 313 M 619 M 619 M
Net cash 2021 341 B 4 657 M 4 657 M
P/E ratio 2021 52,7x
Yield 2021 0,63%
Capitalization 2 424 B 33 139 M 33 135 M
EV / Sales 2021 3,09x
EV / Sales 2022 2,40x
Nbr of Employees 15 945
Free-Float 43,6%
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NameTitle
Kenichi Ayukawa Chief Executive Officer, Executive Director & MD
Ravindra Chandra Bhargava Non-Executive Chairman
Ajay Seth CFO & Senior Executive Officer-Finance
Rajesh Uppal Senior Executive Officer-Human Resources & IT
Davinder Singh Brar Independent Non-Executive Director
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