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NNG Bullish On India; Forecasts 40% Revenue Growth In 2015
NNG, the Hungary-based leading automotive navigation provider has realized a growth of 25% YoY in their India operations, and forecast a 40% increase in revenues for India in the current financial year ending December 2015. The automotive sector in India has been growing at a great pace, and expected to improve further by the end of this year.
This growth is based on the one engine technology the company applies. With easy adaptability and flexibility of the software, NNG can turn its “Navigation for All” strategy into reality, and provide tailor-made navigational solutions for individuals and concepts of the OEMs. It is complete with a number of India-specific features to fully accommodate the local market, including local languages. The company has reported a shift in the Indian market towards OEM-tailored navigation systems: line-fit solutions are on the rise, with demand to level to the global trends in the coming years.
In addition to this, NNG will also conduct field test across New Delhi, Mumbai, and Bangalore to ensure highest accuracy and flawless user-experience for the project hitting the market in early 2016. It is one of the most successful automotive company in the global arena, and has followed an upward trend with 40% growth YOY in 2014. As of now, more 90% of company’s revenues come from automotive projects.
NNG has been present in India since 2011, with their office located in Gurgaon. The company is the proud holder of the Mobility Excellence Award 2014 for “Best Automotive Navigation Provider”, awarded by Mobility India. It has been providing cutting-edge navigational solutions for the global automotive market, and is expected to bring unique features and advanced technologies real soon!
Péter Bolesza, Vice President of Eastern Europe and Emerging Markets at NNG commented, “We see tremendous growth potential keeping in mind the expected increase in the number of cars manufactured in India. As it is expected to become one of the top three car manufacturers in the world, we foresee the use and importance of navigation solutions to increase as well as it quickly adapts to the global standards. We are positive and confident in the Indian market and see a bright future ahead for the automotive sector.”
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