Marut Singh’s Post

#newlaunches!!! INDIA 🇮🇳 is making this World a better place with #technologies developed by India. With the same spirit, I would be happy to announce the launch of MeriGarage.AI - An Artificial Intelligence SAAS-based Product that tracks the "inventory of vehicles" at every garage and repair and service centre. We at Meri Garage (Garage Software), reached 10000+ garages to spread awareness (thru webinars, social media and by developing garage mobile apps) of having importance of maintaining vehicle history to communicate and retain their customers. AI in the automotive industry is used to improve vehicle performance, driver safety, passenger experience, and so on through data analysis and making real-time decisions based on that data. MeriGarage.AI will help them to manage records of the movement of vehicles being repaired, serviced and parked in their workshop and track vehicle inventory. This AI product will also help startup aggregators who have difficulty building the "Lead business model" as "middlemen" and will prevent their leakage in the revenues as there were lots of cancellations of bookings. If you do not know, many aggregator startups have shut down just because of this leakage of revenue and booking cancellation issue. For used car companies, this is an excellent product to scale by monitoring their yards as there is regular movement of vehicles to-and-fro. Recently. the government has issued a gazette to make this mandatory for every workshop or company to track vehicle inventory for many reasons, and prevention of theft would be one of the reasons. There are many use cases of MeriGarage.AI and this will change the way automotive industry works and making vehicle safety as a priority. PS: For more detail, please visit our main website and ask to our Chat Bot OR you can send me an mail to me at Rakesh@MeriGarage.com Wishing You #HappyIndependenceDay !! #artificialintelligence #vehiclesafety #vehicletracking #repairservice #garages

Bajaj Auto's introduction of the Freedom 125, the world's first CNG bike, sets a new standard in sustainable transportation. Concurrently, HCL Technologies has collaborated with IBM to launch the Gen AI Center of Excellence, fostering advancements in artificial intelligence. Stay informed with our latest market insights in this week's highlights. Disclaimer: The stocks mentioned here are only for educational purposes; please consult your financial advisor before making an investment decision. #HCL #AI #RailCorp #thermax #boilers #India #Russia #defense #BajajAuto #grow #growth #Stockmarket #TrendingNews #WeeklyNews #MarketUpdate #News #SaturdayNews

I recently purchased my 10th vehicle (over 20+ years) from CarMax. But instead of going to a store and spending hours on paperwork, I simply filled out a form online, made a few clicks, and the car showed up a few days later. I share this because the CarMax story (which was featured in the first edition of They Ask You Answer) continues to impress me. They have a fundamental understanding of what I consider the three most important keys to innovation (for any brand/organization/etc.) in 2024 and beyond (Which I call "The 3 F's of Innovation): -Fear -Faster -Friction What allowed me to buy the car in this video (for my 17-year-old daughter) having never driven it, smelled it, or seen it in person? It was the 3 F's. They eliminated my *fear* by offering a money-back guarantee and making the delivery free. They made it *faster* and more *friction-free* by creating such a seamless and easy online experience that I could find what I wanted quickly, I could get approval immediately, I could sign the contract effortlessly and then I could sit-back and wait for it to show up at my driveway, as shown in this video. Most companies stop innovating once they dominate an industry. CarMax has not suffered this fate. They continue to evolve and look for ways to replace their previous business model. Doing this takes guts, but it's the only way to create a business that is truly built to last in the Digital + AI age. Remember friends: 👉 Remove fear. 👉 Remove friction. 👉 And make it faster. This is the essence of innovation in 2024 and beyond. Well done CarMax. Well done. 👏

Here is the Question - What is your Answer (If you have an example, post it in comments below): How can you innovate in your business, in a way that gets your clients talking about you and promoting you? Want more Referred Leads? Get our Free Referral Marketing Toolkit: https://lnkd.in/ddaPHtPZ #ReferitDaily #referralmarketing #referralstrategy #referrals #sales

What does 2024 hold in the way of #workforce changes in automotive, #AI and vehicle personalization? I sit down with Design News Senior Editor Rob Spiegel and discuss what's in store for the new year. #predictions2024 #automotive #futureofwork #futureofcars #predictions #newyear2024

💫 The perfect weekend read, the story behind MOTORMIA 💫 At SOMV, we don’t just take well-being seriously, we actively search for it across our portfolio companies’ initiatives. The founding story of MOTORMIA, as told by its founder, Isaac B., captivated us, compelling us to share it with you 🤩 "In 2021, a personal crisis involving my daughter, Mia, deeply affected me. During this time, a friend's words resonated with me. "Isaac, you've got to save yourself!" he said. This advice struck a chord. Acknowledging its truth, I embarked on a journey of self-improvement, consulting my therapist and a diverse team of coaches—life, business, personal trainers—who all generously offered their expertise and support. Their guidance fueled my rebuilding process. Six months into my intensive self-improvement, I reconnected with my essence and reignited my childhood passion for cars. This led me to acquire several vehicles and immerse myself in #automotive work. By 2023, this passion birthed MOTORMIA—an AI-driven companion that serves as your personal mechanic, build advisor, and performance analyst. MOTORMIA emerged from a community-need I identified during my renewed journey as an auto enthusiast and from my vision to simplify and enhance the modding experience and enthusiast lifestyle. Launching MOTORMIA faced challenges, particularly as a solo founder entering a new market. Yet, my unwavering belief and determination drew notable attention. Venture capitalists recognized my passion and resolve, seeing the opportunity I envisioned. They shared my belief in MOTORMIA." Indeed, we believe in MOTORMIA's potential just as much. Follow State of Mind Ventures (SOMV) to discover the #innovations within our other portfolio companies.

#CEOsTakeOn2024 Tech-driven auto industry targets to be smarter, greener, says Prashanth Doreswamy . German Tier-1 major #Continental believes that the car buyers will continue to expect new driving experiences and more convenience from technology in 2024. . "Connected features and #DriverAssist functions will no longer be seen as luxury. OEMs will take #sustainability as a business priority. There will be more focus on #decarbonization efforts, and investment in green technologies will continue. Hopefully shared mobility will also see breakthroughs,” #PrashanthDoreswamy, President and CEO, Continental India, told #ETAuto in an interview. . #AutomotiveTechnology #CarTechnology #ADAS #AutoSector #AutoIndustry #AutoTech #Interviews #Sustainability #SDVs #VehicleTechnology #VehicleSoftware Continental ACMA India Shubhangi Bhatia Read the full interview here: https://shorturl.at/pPWX2

Good Morning! 🌞 Here is your daily dose of updates & stories in the automotive industry: -Carmakers go extra mile to keep vehicles light  -Sunroof Surge: India's buyers drive demand, prompting carmakers to elevate the roof game  -Legacy companies in the mobility space are tying up with and even acquiring young startups to travel into the future  -Tata Motors to increase prices by 0.7% on its PVs from February 1, 2024  Read all this and more👇 https://lnkd.in/dFYtCUw #Newsletter #ETAuto

✨The Successful Ride of CARS24✨ 💡 Founding and Vision: 👉Founders: Vikram Chopra, Mehul Agrawal, Gajendra Jangid, and Ruchit Aggarwal launched Cars24 in 2015. ✨Business Model: Cars24 operates on a C2B (customer to business) model, bridging buyers and sellers of used cars through both online and offline platforms. 💡Focus on Second-Hand Cars: ✅Recognizing the vast potential in the second-hand car market, Cars24 targets a market where over 30 to 35 lakh used cars are sold annually in India. ✅The used car business, currently at $20 billion, is experiencing a growth rate of approximately 25% each year. 💡Founders' Background: The founding team includes individuals with diverse educational backgrounds and professional experiences: 👌Vikram Chopra: BTech and MTech from Indian Institute of Technology, Bombay, co-founder of FabFurnish.com. 👌Mehul Agrawal: Indian Institute of Management, Calcutta alum, with previous experience at BCG. 👌Gajendra Jangid: BTech and MTech from Indian Institute of Technology, Bombay, with past experience at SLB. 👌Ruchit Agarwal Agrawal: Cornell University graduate, former Vice President of Bank of America. 💡Funding and Recognition: ❤️In 2019, Cars24 secured a Series D funding of $100 million from investors like Sequoia India, Exor Seeds, Dst Global, KCK Investment Firm, and Kingsway Capital. 💰The company has achieved unicorn status and received an NBFC license from RBI for its financial services. 💡Competitors: ⚠️Competitors in the market include Droom, Quikr, CarWale, and OLX. 💡Strengths and Unique Selling Proposition (USP): ✅Cars24 focuses on overcoming the challenge of the limited supply of used cars. ✅Unlike competitors that act as lead generation websites, Cars24 facilitates the entire transaction process. ✅Claims to offer the best prices, quick transactions, and expert assistance. 💡Achievements and Market Presence: ✅More than 150,000 cars are sold annually through Cars24. ✅Presence in 134 major Indian cities. ✅Recognized as India's largest platform for buying and selling used cars. ✅Over 700 employees, with about 13,500 monthly transactions and an average order value of 3.5 lakh rupees. ✅Received an NBFC license from RBI. 💡Future Goals: ✅Invest in more robust technology for an enhanced customer experience. Expand the network to include 20,000 partners in the next two years. Target 1 million annual transactions by 2022. 💡Lessons Learned: ✅Successful startups identify market gaps and devise solutions to address them. ✅Teamwork, cooperation, and hard work are crucial for success. Being distinct from competitors is essential for standing out in the market. CARS24's success story serves as an inspiration, emphasizing the importance of market understanding, teamwork, differentiation, and constant innovation. 🚗✨ ✨Follow Subhrakanti Das for more insights into the world of #startups & #entrepreneurship ! ✨