BusinessWire India
Bengaluru (Karnataka) [India], April 1: L&T Technology Services (BSE: 540115, NSE: LTTS), a leading international provider of engineering and technological solutions, has entered into a significant agreement valued at EUR50 million with a major corporation.
Europe
An Automotive Original Equipment Manufacturer (OEM). This pivotal agreement represents a major accomplishment for LTTS within its Mobility sector, reinforcing its role as a reliable engineering collaborator in the worldwide automotive industry.
The latest large deal engagement focuses on the development and operation of next-generation software platforms tailored to both current and upcoming vehicle models. The comprehensive scope of this transformational deal includes the establishment of a development center, which will play a critical role as part of the client’s global right shoring strategy.
The customer’s sophisticated tech platform encompasses a consolidated architecture, their own OS, and an automotive cloud. Additionally, they are at the forefront of creating innovative car functionalities like driver aid systems, uniform entertainment setups, software packages that merge propulsion systems, frames, and refueling networks, along with a vast digital environment offering improved onboard digital experiences.
L&T Technology Services won this significant contract thanks to their proficiency in developing Software Defined Vehicles (SDV), Advanced Driver Assistance Systems (ADAS), and Software Defined Everything (SDE). Their targeted investments in autonomous driving technology have facilitated the creation and release of an all-inclusive ADAS suite alongside pioneering solutions involving artificial intelligence and software-defined vehicles. This has assisted customers in speeding up product launches and maintaining competitiveness. The company’s top-tier Electric Vehicle laboratory located in Bangalore, India acts as a center for advancing and validating sophisticated electric vehicle innovations. Most recently, L&T introduced LTTSiDrive aimed at international mobility sector clients; it provides a comprehensive framework for implementing SDVs within automobiles, trucks, and off-road vehicles, thereby emphasizing the firm’s commitment to innovation-led strategies.
Amit Chadha, CEO & Managing Director of L&T Technology Services and an Executive Council member at Nasscom, commented on this significant collaboration stating, “We are delighted to join forces with one of the leading authorities in the automotive industry.”
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This agreement highlights LTTS’ established skills in software-defined mobility and demonstrates our dedication to driving change within the worldwide automotive sector. With our proficiency in electric vehicle technology, self-driving vehicles, and advanced driver-assistance systems, enhanced by strong digital engineering abilities, we are well-placed to generate significant value for clients, turning next-generation mobility into an actuality.
Throughout the years, LTTS has established a solid reputation for providing cutting-edge solutions in areas such as autonomous driving, connected cars, electric mobility, and digital twin technology. This fresh strategic partnership reinforces LTTS’ role as a reliable engineering ally for major global automotive companies.
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