"CE Info Systems Lands ₹400-Crore Contract from Hyundai AutoEver Corp in Seoul"

CE Info Systems, widely known as MapmyIndia, has successfully clinched a lucrative automotive Original Equipment Manufacturer (OEM) contract valued at ₹400 crore from Hyundai AutoEver Corp in Seoul. The announcement, as per the regulatory filing, reveals that the project spans a period of five years, coinciding with vehicle production and slated to commence in 2024.

The contract underscores the strategic partnership between CE Info Systems and Hyundai AutoEver Corp, positioning the technology and mapping solutions provider as a key player in the automotive sector. With the execution of this substantial contract, MapmyIndia is poised to contribute significantly to the automotive industry, particularly in the realm of vehicle production over the next five years."

HBL