L&T Technology Services Secures €50M Game-Changing Contract in European Mobility Sector

BusinessWire India

Bengaluru (Karnataka) [India], April 1: L&T Technology Services (BSE: 540115, NSE: LTTS), a leading international provider of engineering and technology solutions, has entered into a significant agreement valued at EUR50 million with a major corporation. Europe An automobile original equipment manufacturer (OEM). This landmark deal represents a major accomplishment for LTTS within its mobility sector, reinforcing its role as a dependable engineering ally in the worldwide automotive industry.

The most recent major project centers around creating and managing advanced software platforms designed for both present and future automobile models. This extensive agreement encompasses setting up a development hub that will serve as an essential component within the client’s worldwide optimal resource allocation plan.

The customer’s sophisticated tech framework encompasses a consolidated architecture, their own OS, and an automotive-specific cloud platform. Additionally, they are at the forefront of crafting innovative car functionalities like driver aid systems, consistent multimedia setups, software integrations for engines, suspensions, and refueling networks, along with a wide-ranging digital environment offering improved onboard digital experiences.

L&T Technology Services secured this prestigious deal through its expertise in Software Defined Vehicle (SDV) development, Advanced Driver Assistance Systems (ADAS), and Software Defined Everything (SDe). Its strategic investments in driverless car technologies have enabled the development and launch of an integrated ADAS stack along with cutting edge solutions in AI and SDVs, helping clients accelerate time-to-market and stay competitive. LTTS' state-of-the-art EV lab in Bangalore, India serves as a hub for the development and testing of advanced electric vehicle technologies. Recently, the Company launched LTTSiDrive for global clients in Mobility, a framework for SDV implementation across Auto, Trucks, and Off-Highway vehicles, further underscoring LTTS' innovation-driven approach.

Amit Chadha, CEO & Managing Director at L&T Technology Services and an Executive Council member of Nasscom, commented on this significant collaboration stating, "We are delighted to join forces with one of the leading figures in the automotive industry." Europe This agreement highlights LTTS' established skills in software-defined mobility and demonstrates our dedication to driving transformations within the worldwide automotive sector. With our proficiency in electric vehicle technology, self-driving vehicles, and advanced driver-assistance systems, combined with strong digital engineering abilities, we are well-placed to generate significant value for our clients, turning futuristic mobility into an actuality.

Throughout the years, LTTS has established a robust reputation for providing cutting-edge solutions in areas such as autonomous driving, connected cars, electric mobility, and digital twin technology. This fresh strategic partnership further cements LTTS’ role as a reliable engineering ally for top-tier automotive companies worldwide.

(ADVERTORIAL DISCLOSURE: The aforementioned press release has been supplied by BusinessWire India ANI will not bear any responsibility for the content thereof).

Provided by Syndigate Media Inc. ( Syndigate.info ).

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