Purple Wave secures LOI from Hyundai for 1,500 kiosks worth Rs 14.94 Cr
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Purple Wave Infocom has secured a non-binding Letter of Intent from Hyundai Motor India to supply, install and manage 1,500 SAIPUR digital advertising kiosks across Hyundai dealerships in India. The indicative contract value is Rs 14.94 Crore spread over 5 years. Deployment will happen in phases: 600 units in Year 1, 400 in Year 2 and 500 in Year 3. Actual revenue depends on purchase orders issued by Hyundai. The LOI can be withdrawn by Hyundai anytime.
Boosts revenue visibility with a major auto client, but LOI is non-binding and revocable. Real revenue hinges on actual purchase orders.