Seoul/New Delhi, Dec 16 || Hyundai AutoEver, the information technology affiliate of Hyundai Motor Group, said on Monday it has established a joint venture in Indonesia to develop navigation maps for the Southeast Asian country and many others in the region.
The new firm, named Terra Link Technologies, has been jointly established with India's MapmyIndia, according to the South Korean company.
The joint venture will focus on developing high-quality automotive navigation maps for Indonesia, Thailand, Vietnam, the Philippines, Malaysia and Singapore, reports news agency.
Hyundai AutoEver said Southeast Asia is experiencing rapid economic growth accompanied by a sharp rise in vehicle demand, which is driving increased demand for in-vehicle navigation systems.
The company highlighted that road environments in Southeast Asia vary significantly by country, with differences in driving directions and road markings.