Rapido Banks On Airport Services To Enhance Its Technological Prowess And Expertise

Rapido Banks On Airport Services To Enhance Its Technological Prowess And Expertise

With a priority to provide a seamless customer experience by tackling common pain points like ride rejections among others, the app-cab aggregator Rapido has established cab zones at airports in cities like Visakhapatnam and Surat. 
Keen to expand its presence, the company is working to expand its reach to other cities with airports such that it can tap airport routes with competitive fares and well-conditioned vehicle fleet. 
Revealing that they are expanding their airport services across other metro cities in the current quarter of FY2024025, Rapido Cabs Head, Rajiv Bhyri, mentioned at an event in Kolkata that they see airport routes as a key area for growth due to the high demand for reliable, round-the-clock transportation options. 
“With the increasing number of travellers, we believe our airport services will offer riders the lowest prices while our zero-commission model maximises captains' earnings,” he averred. 
Providing an insight into Rapido’s strategy to address the ride rejections faced by commuters that use app-based aggregators, Bhyri said, “Rapido is focused on providing a seamless customer experience and resolving common pain points such as ride rejections that many commuters face with app-based aggregators. With the rise in airport traffic, our strategy emphasises affordability and reliability. By offering competitive fares and maintaining a fleet of well-maintained vehicles, we aim to ensure a dependable and pleasant journey for our customers.”
Entering an association with the Airports Authority of India (AAI), Rapido has already began offering affordable and seamless commute solutions to travellers at the Netaji Subhash Chandra Bose International Airport, Kolkata. The service was inaugurated by State Transport Minister Snehasis Chakraborty. State Transport Secretary Dr Saumitra Mohan and others were also present. 
To set up dedicated cab service zones at Kolkata Airport where travellers can easily access safe, reliable and budget-friendly rides through its platform, Rapido is emphasising on tech-powered SaaS business model. This business model is designed to guarantee real-time ride availability and highly competitive pricing. 
"With the launch of this service at Netaji Subhash Chandra Bose International Airport, we're not just offering cost-effective travel solutions but also creating valuable employment opportunities for our local drivers. The technology-driven approach aligns with our vision of making West Bengal a leader in smart mobility and we're confident this initiative will set new benchmarks,” expressed Chakraborty.
Rapido Co-founder Pavan Guntupalli explained: "At Rapido, our mission is to revolutionise mobility by delivering reliable, safe and affordable solutions through innovation. Our collaboration with the Airports Authority of India to introduce dedicated cab zones at major airports is a significant step in enhancing the traveller experience while empowering local communities through job creation. With Rapido’s technology-driven platform, passengers can expect seamless airport commutes at the most competitive prices."
 

N.A.N. MagneTech To Establish INR 12.5 Billion Rare Earth Magnet Facility In Andhra Pradesh

N.A.N. MagneTech

N.A.N. GreenMet, the critical minerals and advanced manufacturing platform founded by Navin Agarwal (Vice Chairman, Vedanta), has launched N.A.N. MagneTech to establish a Neodymium-Iron-Boron (NdFeB) magnet manufacturing facility at the Naidupeta Industrial Park in Andhra Pradesh.

The company has earmarked an investment of INR 12.5 billion in Phase I to build an initial capacity of 1,200 tonnes per annum, with a long-term target of 10,000 tonnes per annum.

It expects commercial production to begin in Q1 2028, generating annual revenues of INR 12 to INR 15 billion. The facility will integrate oxide processing, metal and alloy production, sintered magnet manufacturing and closed-loop recycling.

The project has secured feedstock supply arrangements with an Australian rare earth producer and executed off-take agreements with domestic automotive original equipment manufacturers. Technical development is led by Dr. John Ormerod, Dr. Masato Sagawa and Dr. Gaurav Shukla.

Navin Agarwal, Founder & Chairman, N.A.N. GreenMet, said, “The industries shaping the future will be defined by those who control advanced materials and manufacturing technologies. At N.A.N. GreenMet, we are building a globally competitive industrial enterprise that strengthens India’s manufacturing capabilities in strategically important sectors. N.A.N. MagneTech is an important milestone in that endeavour, bringing world-class technology to establish a domestic rare earth magnet ecosystem that supports the country’s long-term industrial growth”.

Dr. John Ormerod, Chairman of the Technology Board, N.A.N. MagneTech, added, "We are bringing the most advanced Japanese process technology to India, covering the complete oxide-to-magnet ecosystem. Backed by a secured feedstock strategy and closed-loop recycling, this platform is engineered to deliver consistent, world-class quality."

Tata Sierra.ev - N Console

European technology company N-Dream has brought its AirConsole gaming platform to India through a collaboration with Tata Motors Passenger Vehicles and KPIT Technologies, with the marked debut on the Sierra.ev SUV.

AirConsole is integrated into the vehicle's connected services pack and the Arcade App, utilising the vehicle's display setup. Passengers connect smartphones as controllers by scanning a QR code on the screen. The initial launch brings approximately 15 games, including Kaun Banega Crorepati. The in-vehicle gaming technology will be exclusively available on the Sierra.ev for a period of four months, before it can be made available on other models and brands.

Anthony Cliquot, CEO, N-Dream / AirConsole, said, "India is one of the fastest-growing automotive markets in the world. Experiencing the Sierra.ev's launch event in Mumbai where AirConsole was so prominently featured, made our team proud. To see our gaming platform in the vehicle alongside other premium offerings, was a clear testament of how entertainment and passenger experiences are becoming paramount for consumer choice. TMPV is moving at a pace that few in this market can match right now, and this partnership with AirConsole will enable gaming to be part of that momentum."

Vivek Srivatsa, Chief Commercial Officer, Tata Passenger Electric Mobility, said, "The Sierra has always been an icon, and with the Sierra.ev, we have elevated that legacy for an electric era. Bringing AirConsole's in-car gaming experience to the Sierra.ev redefines what connected, immersive technology can add to the ownership experience. As the first vehicle in India to offer this capability, we are delighted to partner with AirConsole to deliver an entirely new dimension of entertainment and engagement for our customers."

Pushpahas Joshi, EVP at KPIT Technologies & Board Member at N-Dream, said, “KPIT is very excited to bring AirConsole to India. This is going to be the first among several launches that will enhance consumer experience in the Cockpit of the future. AirConsole is a category creating product loved by more than 4 million car owners worldwide. As part of its strategy towards futuristic Products & Solutions, AirConsole became part of KPIT family in November 2023. Since then, KPIT has enabled AirConsole to expand outside Europe -into Asia and USA. I am very sure, that, owners of Tata cars & their families will enjoy the cool In-car gaming experience with AirConsole”

IIIT-Hyderabad

The Applied AI Research Centre (INAI) at IIIT-Hyderabad has developed an artificial intelligence traffic violation detection system named VIOLA. The project uses dashcams installed in police patrol vehicles to detect traffic infractions and integrate with the Telangana Police e-Challan workflow.

Govind Krishnan, who leads translational AI initiatives for mobility at INAI, said that the question is not why accidents happen. “We already know the answers. The real question is: How can we help solve this problem? Or more importantly, how can artificial intelligence help solve this?”

The system builds upon prior research from Prof. Ravi Kiran S at the Centre for Visual Information Technology (CVIT) regarding helmet detection. By mounting cameras on police vehicles, the setup monitors infractions such as helmet violations, triple riding and wrong-side driving across routes.

Prithvi Jonnada, Operations Manager at INAI, explained, “We let the cameras record their daily rounds, fed the footage into an AI system capable of detecting traffic violations, recognising licence plates and automatically forwarded verified cases to Telangana Police’s e-Challan system. This is a mandate from the police department to have a human in the loop thus ensuring the AI acts as an assistant, not a replacement, for human judgment.”

With four dashcams deployed, the system reports an accuracy rate for submissions. The INAI team is expanding the algorithm to include speed detection and road condition monitoring.

Dr. Ganesh Yalla, CEO, iHub-Data, added, “People don’t expect an academic institution to build a complete industrial-grade product that is deployed and generating real impact. We want to change that.”

Discussions are underway with police departments outside Telangana for broader implementation.

Cars24 Increases AI Integration Across Operations

Cars24

Cars24, a leading online vehicle selling and buying marketplace, has reported that it has processed 1.1 trillion AI (artificial intelligence) tokens during Q1 of FY2026, marking a shift in its business model.

The company stated that AI expenditure now represents 8.88 percent of the company's salary run-rate, with 95 percent of its employees use AI weekly and 89 percent of production code is AI-assisted, contributing to a reported 3x increase in engineer productivity.

Furthermore, for customer operations, AI platforms analysed 9.81 million conversations. Voicebots handled 2.58 million minutes and chatbots processed 550,000 requests.

In terms of inspections, 80 percent of vehicle inspections – totalling 288,000 – were conducted via AI-led systems, reducing the average inspection time from 45 minutes to 26 minutes.

AI-led loan disbursals accounted for 65 percent of the total, amounting to 4,158 disbursals. The company’s Document AI processed 850,000 documents, while its Agentic AI platform executed 5.71 million workflows.

At present, Cars24 operates six in-house platforms supporting 25 use cases, including computer vision, lending and workflow automation. Its imaging platform processes 50,000 vehicle images per month.

Vikram Chopra, Founder & CEO, Cars24, said: "AI is no longer improving isolated workflows, it is becoming the operating system of Cars24. Processing over one trillion AI tokens in a single quarter reflects the scale at which intelligence now powers every part of our business. From customer conversations and vehicle inspections to engineering and operations, we are building one AI that understands context, learns continuously and simplifies every stage of vehicle ownership."

Looking forward, Cars24 plans to develop a unified AI layer that integrates buying, selling, financing and ownership services by utilising its data from the past 11 years.