Shares of CE Info Systems Ltd soared 5% higher on Friday, 17 January, after the company announced a strategic partnership with Qualcomm to boost the “Make in India” solutions for the automotive industry.
Qualcomm Technologies and MapmyIndia have joined forces to create cutting-edge connectivity and telematics solutions for both four-wheelers and two-wheelers. The collaboration leverages Qualcomm’s Snapdragon platform to enable the development of high-quality yet affordable connectivity solutions for mid and lower-tier vehicles, prioritizing safety and convenience.
By integrating Qualcomm’s Car-to-Cloud Services with MapmyIndia’s MAPPLS, the partnership aims to establish a software-defined vehicle framework, enhancing the user experience through tailored, intuitive services.
CE Info Systems, a leading provider of advanced digital maps, geospatial software, and location-based IoT technologies in India, offers Mappls app through MapmyIndia. This homegrown navigation and mapping app has secured the top spot as the No. 1 free app across all categories on the Apple iOS App Store and ranks as the leading app in the Maps & Navigation category, outperforming Google Maps, which is positioned at No. 7.
However, at 3:30 pm, the shares of CE Info Systems closed 0.036% lower at Rs 1,650 on NSE.
The future of investing is here!
Unicorn Signals leverages advanced AI technology to provide you with powerful market predictions and actionable stock scans. Download the app todayand 10x your trading & investing journey!
