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The order entails licensing of CE Info (MapmyIndia) Map & connected services contents including real time & predictive traffic, mobile SDK, online search and call centre maps, for embedded connected navigation & connected car services of Hyundai and Kia Cars OEM Business in India.
The order has been received from Hyundai AutoEver Corp., Seoul, Korea. The production will be started in 2024 and the order is to be executed for next 5 years.
C.E. Info Systems is India’s leading advanced digital maps and deep-tech company, popularly known in India as MapmyIndia and globally as Mappls. The company offering proprietary digital maps as a service (MaaS), software as a service (SaaS) and platform as a service (PaaS), including its advanced digital map data, software products, platforms, application programming interfaces (APIs), IoT and solutions to new-age tech companies, large businesses, automotive OEMs, government organisations, developers and consumers.
The company has reported 5% growth in consolidated net profit to Rs 31.1 crore on a 36% increase in revenue from operations to Rs 92 crore in Q3 FY24 as compared with Q3 FY23.
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