Maruti Suzuki buys 6.4% equity in AI startup Amlgo for ₹1.99 crore

Automobile major Maruti Suzuki invested ₹1.99 crore in AI and machine learning startup Amlgo Labs and will own 6.44% equity in it. "Our investment...will help us...strengthen quality of new models," Maruti Suzuki India CEO Hisashi Takeuchi said. "We're actively working to help strengthen the startup ecosystem and encourage innovation to develop solutions relevant to automobile industry," he said.