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Cyient, Micware Navigations partner to advance intelligent transportation systems
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Engineering services provider Cyient has signed a memorandum of understanding (MoU) with Micware Navigations, a leader in navigation and mobility solutions, to advance intelligent transportation systems. The partnership focuses on engineering collaboration, customer engagement, and joint marketing strategies.
The alliance aims to revolutionize mobility by integrating Cyient’s expertise in engineering and digital transformation with Micware Navigations’ advanced navigation software. Together, the companies seek to develop safer, smarter, and more sustainable transportation solutions tailored to the evolving needs of the industry.
“Our collaboration with Micware Navigations strengthens our commitment to engineering a better future through innovation,” said Joby Joseph, Vice President & Country Manager (Japan), Cyient. “By combining our capabilities, we can redefine intelligent transportation and create solutions that meet the demands of an evolving automotive landscape.”
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Micware Navigations echoed similar sentiments, emphasizing the impact of technology and innovation in shaping modern transportation. “We are pleased to collaborate with Cyient in driving intelligent mobility forward. This partnership enables us to leverage our strengths in navigation technology alongside Cyient’s engineering capabilities to deliver scalable solutions that benefit industries and communities worldwide,” said Kenta Imaida, President, Micware Navigations.
Last month, Cyient reported a 31.7% decline in net profit for Q3FY25, dropping to ₹122.3 crore from ₹179 crore in the previous July-September quarter. Meanwhile, revenue from operations grew 4.2% sequentially to ₹1,926.4 crore, compared to ₹1,849 crore in the September 2023 quarter.