MapmyIndia shares jump 8% after Railway Minister’s tweet favouring Google Maps rival

Shares of CE Info Systems, which runs MapmyIndia, on Monday jumped over 8% to Rs 1,847 on BSE after Railway Minister Ashwini Vaishnaw tried the Swadeshi navigation application Mappls by MapmyIndia in his car and appreciated its features, urging people to try the app. He also said the Indian Railways will soon sign a memorandum of understanding (MoU) with the Google Maps competitor.

In a social media post, the minister shared his experience with the indigenous mapping platform and highlighted some of its advanced features after a meeting with Mappls team.

In a video, he pointed out the apps’ ability to provide three-dimensional junction views or previews of flyovers, underpasses, and roundabouts, and real-time driving alerts for speed limits, accident-prone spots, sharp curves, speed breakers, traffic signals, and traffic camera locations.

The app enables users to calculate the cost of trips based on the vehicle and fuel type, including tolls for specific journeys, and is integrated with the Fastag Annual Pass. It also helps users stay within speed limits and avoid risky patches.

The other key features of completely Made in India, smart navigation app Mappls include the 3D Junction Views, in which the user gets three-dimensional previews of flyovers, underpasses, and roundabouts which Minister Vaishnaw praised.

MapmyIndia had last week told ET that it had urged the government to mandate pre-installation of Mappls on smartphones produced under the production-linked incentive (PLI) scheme.The company supports nearly 10 government departments, including DIGIPIN, police departments nationwide, and tax agencies such as the Goods and Services Tax Network (GSTN) and the Central Board of Direct Taxes (CBDT), with data for geospatial analysis.However, government business represents less than 20% of MapmyIndia’s Rs 463 crore annual revenue.