L&T Technology Services (LTTS), the engineering subsidiary of infra giant L&T, has announced that it has signed a major deal with European automobile giant BMW to provide engineering services for the company's infotainment consoles.
For the unversed, LTTS is the engineering and research & development arm of L&T. It is a global leader in ER&D services with around 816 patents filed for 57 top global ER&D spenders and operates in 30 countries.
Akasa Air suffers from a major data breach, read now.
The company has several accomplishments under its wing such as World's first Autonomous Welding Robot, a Solar connectivity drone & the smartest campus in the world among several others.
In-Vehicle Infotainment (IVI) systems refer to features like audio-visual features, two-way communication systems, CD players, standard radio, voice commands, etc. One of the most popular IVI systems these days are systems that allow mobile and laptop connectivity with the vehicle for passenger use.
“This latest deal win is a testament to LTTS’s long-standing automotive engineering services expertise. Our transportation engineering services enable leading OEMs to build innovative and sustainable vehicles and use new-age digital technologies to reduce time-to-market,” said Abhishek Sinha, COO and Board Member at LTTS.
The high-end, 5-year, multi-million dollar deal by the BMW Group is to provide engineering services to the group's infotainment consoles and its family of hybrid vehicles. The exact value of said deal remains undisclosed.
The deal was given to LTTS because of its deep domain expertise, engineering leadership in transportation technologies & LTTS' proven ability to offer unique opportunities to scale up existing projects and work on new ones.
The engineers from LTTS will be providing services like software building and integration, infotainment validation, and defect management. Moreover, the company has a Near Shore Centre close to the BMW Group's campus, allowing its engineers to work on a wide variety of solutions and offer services in real-time.
The stock closed at Rs 3,714 per share, up 3.8% on Tuesday.
Article by Aman Agarwal.
This story is brought to you in association with Jobaaj.com
