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MG Motor with Startup India and Invest India announces 3rd Developer Program and Grant for tech startups

Invest India also actively works with several Indian states to build capacity as well as bring in global best practices in investment targeting, promotion, and facilitation areas.

Mumbai, January 20, 2022: MG Motor India, along with the consortium members, is back with the third season of the MG Developer Program & Grant – the annual flagship innovation program, supported by Startup India and Invest India. The initiative aims to encourage tech start-ups to build new, technologically advanced applications and experiences to strengthen India’s mobility space.

The theme for Season 3.0 of MG Motor Developer Program & Grant is centered on Car as a Platform (CaaP), a future of mobility concept that makes cars safer and smarter. To further propagate this new-age innovation, MG Motor India has also unveiled an in-depth white paper on CaaP to illustrate the game-changing applications of this futuristic technology. The consortium partners are Jio, SAP, Adobe, KoineArth, L&T Technology Services, MapmyIndia, and Bosch amongst others.

Rajeev Chaba, President and Managing Director, MG Motor India said, “At MG, we strongly believe that collaboration is the key to disruption. We had previously partnered with various startups resulting in successful stories. We believe CaaP has the potential to redefine mobility. Therefore, in MG Motor Developer Program & Grant 3.0 we are inviting all industry stakeholders to contribute towards developing this revolutionary concept. “

Mr. Deepak Bagla – MD & CEO Invest India said, “India is the 4th largest vehicle market in the world and is expected to be the world’s third-largest automotive market in terms of volume by 2026. This program is a crucial step towards nurturing innovation in India’s automobile sector, for continued strength in the global economy.”

Start-up India and Invest India are government-backed initiatives to empower start-ups for simplification & handholding, funding support, and incentives. It also helps investors looking for investment opportunities and options in India. MG Motor is inviting participation from start-ups, developers, or individuals under three categories: Utility (location tracking, GPS navigation, search, payment), Security (car and driver analytics), and Entertainment (games, music, etc.). In its first two seasons of MGDP, the automaker had interacted with over 500 start-ups.

About Invest India

Invest India, set up in 2009, is a non-profit venture under the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India. As the national investment promotion and facilitation agency, Invest India focuses on sector-specific investor targeting and the development of new partnerships to enable sustainable investments in India. In addition to a core team that focuses on sustainable investments, Invest India also partners with substantial investment promotion agencies and multilateral organisations. Invest India also actively works with several Indian states to build capacity as well as bring in global best practices in investment targeting, promotion, and facilitation areas.

About MG Motor India

Founded in the UK in 1924, Morris Garages vehicles were world-famous for their sports cars, roadsters, and cabriolet series. MG Motor vehicles were much sought after by many celebrities, including the British Prime Ministers and even the British Royal Family, for their styling, elegance, and spirited performance. The MG Car Club, set up in 1930 at Abingdon in the UK, has thousands of loyal fans, making it one of the world’s largest clubs for a car brand. MG has evolved into a modern, futuristic, and innovative brand over the last 96 years.
Its state-of-the-art manufacturing facility in Halol, Gujarat, has an annual production capacity of 80,000 vehicles and employs nearly 2,500 workers. Driven by its vision of CASE (Connected, Autonomous, Shared, and Electric) mobility, the cutting-edge automaker has augmented across-the-board ‘experiences’ within the automobile segment today. It has introduced several ‘firsts’ in India, including India’s first Internet SUV – MG Hector, India’s first Pure Electric Internet SUV – MG ZS EV, India’s first Autonomous (Level 1) Premium SUV – MG Gloster and MG Astor- India’s first SUV with personal AI assistant and Autonomous (Level 2) technology.

This article was shared to Prittle Prattle News as a Press Release.

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