Maruti Suzuki India Ltd.

BSE: 532500 | NSE: MARUTI
Large Cap | Automobiles - Passenger Cars
15856.55
-287.50 (-1.78%)
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Maruti Suzuki to acquire 6.44% stake in Amlgo Labs

Date: 23-03-2024

Maruti Suzuki India has planned to acquire an equity stake of 6.44% in Amlgo Labs. Amlgo Labs is an Advanced Analytics, Machine Learning (ML) /Artificial Intelligence (AI) and Big Data Solutions Implementation company. 

The investment would help the company make best data-driven decisions to further enhance its offerings to customers by leveraging the strength of this entity. The said acquisition is expected to be completed by June, 2024.

Maruti Suzuki India is an automobile manufacturer in India. It provides passenger cars, utility vehicles and vans. The firm also offers pre-owned car sales, fleet management and car financing services.