Maruti Suzuki has invested in a domestic artificial intelligence startup called Amlgo Labs.

Automaker Maruti Suzuki India announced on Saturday that it has acquired a 6.44% stake in Algol Labs, a startup specializing in artificial intelligence and machine learning, for nearly Rs 2 crore.

Algol Labs focuses on data analytics, cloud engineering, and AI and machine learning to aid companies in data-driven decision-making.

The investment is made through the Maruti Suzuki Innovation Fund, aimed at strategic investments in startups demonstrating high levels of technological innovation.

"We are committed to bolstering the startup ecosystem and fostering innovation in line with the government's initiative, particularly in developing solutions pertinent to the automobile industry," stated Hisashi Takeuchi, managing director and chief executive of Maruti Suzuki India.

This marks the company's second such investment, following its previous investment in Sociography Solutions in June 2022.

"By combining our expertise in data analytics, ML, and AI-based solutions with the mentorship and networking opportunities provided by Maruti Suzuki, we anticipate refining our offerings," remarked Ajay Yadav, founder of Algol Labs.

Algol Labs has operational bases in Gurugram, Bengaluru, and Delaware, USA.