Big auto back to the future with startups and tech companies, Technology News, ETtech

Established vehicle firms are more and more partaking with startups and tech companies to develop related, shared and electrical mobility options for younger and evolving shoppers.

The rising collaboration between incumbents and new-age firms was mirrored in the mixture of members at the Auto Expo the place developments made by over 40 startups and tech firms had been on show.

For instance, service supplier Reliance Jio showcased at the expo its technology developments that join automobiles to the cloud and can be utilized for wi-fi data trade. The firm is but to commercialise these applied sciences. Telecom firms see nice alternative in collaborating with carmakers to present wi-fi communication as automobiles get extra and extra related, specialists stated.

On the shared mobility entrance, Hyundai Motor Group has made a number of investments in know-how firms over the previous couple of years, together with $300 million in cab-hailing agency Ola.

“All our investments till date have been strategic and initiated with a goal to become frontrunners in new-age mobility,” Hyundai Motor India managing director S S Kim advised ET. “Our endeavour is to identify right business opportunities that meet our vision of future mobility.”

Mahindra and Mahindra, too has invested in ride-hailing with a stake in Meru. The firm intends to use the platform to convey extra electrical automobiles into the industrial transportation market, the firm’s MD Pawan Goenka stated. At the Auto Expo, Mahindra launched the eKUV100 which is geared toward the shared mobility area.

And it’s not simply tech firms making their manner to the Auto Expo, Kia Motors is planning to take part in the Mobile World Congress, the largest connectivity convention in the world, in Barcelona later this month.

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