The country’s leading automobile company Maruti Suzuki India said on Wednesday that it has partnered with the Department of Industry and Internal Trade Produce (DPIIT) to promote and support startups that develop technology -based solutions in the automobile construction and mobility sector. According to PTI news, the company said in a statement that DPIT will get an opportunity to participate in Maruti Suzuki’s innovation programs under the ‘Startup India’ initiative.
What will startups get?
According to Maruti Suzuki, selected startups will get many benefits. According to the news, experts will be able to get mentorship and industry insights, access to the company’s broad network and infrastructure, real-time testing and validation opportunity, platforms to connect with incubators, accelerators and investors.
Possible startups will gain momentum
Rahul Bharti, Senior Executive Officer of Corporate Affairs, Maruti Suzuki India, said, “Through this partnership with DPIT, we will be able to intensify our efforts towards supporting potential startups, so that they can develop technology-based solutions in the field of automobile construction and mobility.”
At the same time, DPIIT Joint Secretary Sanjeev said that, this agreement (MoU) is an important step towards creating a strong platform, where startups will be able to convert their ideas into a market-redi solution and make India a pioneer in the next generation of industrial innovation. This participation is considered a major step towards strengthening innovation and startup culture in the Indian auto sector.
Company sales in June
The total sales of Maruti Suzuki India (MSI) were reduced by six percent to 1,67,993 units on a annual basis in June. The country’s largest car manufacturer company sold a total of 1,79,228 vehicles in June last year. The total domestic passenger vehicle sent to the dealer declined 13 percent to 1,18,906 units last month, while the figure was 1,37,160 units in the same month a year ago.
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