The BRICS TimesDespite a weak market, shares of CE Info Systems Ltd, parent of MapmyIndia, surged almost 10% today. Union Minister Ashwini Vaishnaw praised the Indian navigation app Mappls, calling it a strong local alternative to Google Maps.
MapmyIndia Share Price Rises 10% After Minister’s Tweet
The stock of CE Info Systems Ltd, parent firm of MapmyIndia, jumped nearly 10% today even as the market declined. On BSE, the company’s share touched ₹1885.70. The rally came after Railway Minister Ashwini Vaishnaw tweeted about using MapmyIndia’s indigenous navigation app Mappls and lauded its features. He encouraged people to try it and revealed that the Railways will soon sign an MoU with the company. Mappls is being seen as India’s homegrown rival to Google Maps.
Minister Praises Mappls Features in 3D Mapping
After meeting the Mappls team, Vaishnaw shared his experience on social media. He highlighted several features of this Indian mapping app. In a video, the minister showed how Mappls displays 3D visuals of flyovers, underpasses, and roundabouts. The app also gives real-time alerts about speed limits, dangerous turns, speed breakers, signals, and traffic cameras.
App Offers Cost, Toll, and Safety Features
The app estimates trip costs based on fuel and vehicle type. It also shows toll details and links with Fastag Annual Pass. Mappls helps drivers follow speed limits and avoid risky routes. One of its highlights is the 3D junction view, which shows realistic 3D visuals of flyovers and roundabouts.
Government Support and Expansion Plans
MapmyIndia has requested the government to pre-install the Mappls app on smartphones under the PLI scheme. The company currently provides data support to around 10 government departments, including DIGIPIN, police, GSTN, and CBDT, for geospatial analysis. However, government projects account for less than 20% of its annual ₹463 crore revenue.
