Maruti Suzuki join hands with IIT Bombay to launch Innovation programs for startups

"Our efforts to engage startups are in line with Prime Minister Sabka Prayas' motto of making India a global manufacturing hub. Our relationship with IIT Bombay is an effort in that direction," said Maruti Suzuki, Managing Director and CEO Hisashi Takeuchi.

The major automaker has signed a three-year Memorandum of Understanding (MoU) with the Society for Innovation and Entrepreneurship (SINE), IIT Bombay to expand its innovation programs for start-ups.

As part of this initiative, Maruti Suzuki and SINE will jointly shortlist startups for some of the complex business issues identified by the company.

It will also support SINE in networking and incubating potential start-ups that can be part of Maruti Suzuki's innovation programs. Together, they will screen applications and host workshops with mentors, industry experts, and investors.