Seoul: Hyundai AutoEver, the technology arm of Hyundai Motor Group, has partnered with India’s MapmyIndia to establish a new joint venture named Terra Link Technologies for navigation maps. Based in Indonesia, the company will focus on creating high-quality navigation maps for several Southeast Asian countries, including Indonesia, Thailand, Vietnam, the Philippines, Malaysia, and Singapore.
The collaboration aims to meet the rising demand for in-vehicle navigation systems, fueled by rapid economic growth and increasing vehicle ownership in Southeast Asia. Hyundai AutoEver highlighted the diverse road environments across the region, such as differences in driving directions and road markings, which require tailored mapping solutions.
Seo Dong-kwon, head of Hyundai AutoEver’s navigation business division, emphasized the importance of this initiative, saying, “We aim to build high-quality automotive maps to deliver a unique experience to consumers and support global automakers in enhancing their navigation capabilities.”
About Terra Link Technologies
Terra Link Technologies combines Hyundai AutoEver’s expertise in automotive technology with MapmyIndia’s deep-tech digital mapping and geospatial software capabilities. The joint venture will focus on delivering advanced navigation solutions to automakers and consumers in Southeast Asia.
MapmyIndia is renowned for its digital map data, geospatial software, and location-based IoT products. The company provides services such as digital maps as a service (MaaS), software as a service (SaaS), and platform as a service (PaaS).
Hyundai AutoEver and MapmyIndia Partnership
MapmyIndia brings a wealth of experience to the joint venture. As India’s leading digital mapping company, it has developed cutting-edge solutions for navigation and geospatial applications. This partnership marks a significant step in its efforts to expand its footprint in the global automotive market.
In recent news, MapmyIndia’s CEO and Executive Director, Rohan Verma, announced his decision to step down to pursue a personal venture. Rakesh Verma, Co-founder and CMD of MapmyIndia, stated that Rohan’s departure was driven by his desire to build a consumer-focused business.
MapmyIndia recently reported a 13.82% year-on-year increase in revenue, reaching Rs 103.67 crore in Q2 FY25. However, its consolidated net profit declined by 8.2% to Rs 30.33 crore compared to Rs 33.04 crore in the same period last year. Despite the drop in profit, the company remains a leader in digital mapping and geospatial technology in India.
Why This Joint Venture Matters
The partnership between Hyundai AutoEver and MapmyIndia is timely, given the growing demand for advanced navigation systems in Southeast Asia. The region’s unique road conditions and diverse driving regulations present challenges that require innovative mapping solutions.
By combining their expertise, Hyundai AutoEver and MapmyIndia aim to create navigation maps that not only enhance the driving experience but also strengthen the competitiveness of global automakers in the region.
The establishment of Terra Link Technologies marks a significant milestone in the automotive and mapping industries. Hyundai AutoEver and MapmyIndia’s collaboration is expected to address the unique challenges of Southeast Asia’s road networks while catering to the region’s growing demand for navigation systems.
As Southeast Asia continues to experience rapid economic growth, Terra Link Technologies is poised to play a key role in shaping the future of in-vehicle navigation solutions. This partnership highlights the potential of combining technological expertise to deliver innovative solutions for global markets.
