Press Release, 2 April 2025
L&T Technology Services (BSE: 540115, NSE: LTTS), announced yesterday the signing of deal worth €50 million with a prominent European automotive OEM.
This deal focuses on the development and operation of software platforms tailored to both current and upcoming vehicle models. The scope also includes establishment of a development centre.
The client OEM’s advanced technology stack includes a unified architecture, a proprietary operating system, and an automotive cloud. Alongside this, the OEM is spearheading the development of cutting-edge vehicle features such as driver assistance systems, standardized infotainment platforms, software solutions integrating powertrains, chassis and charging infrastructure, and an expansive digital ecosystem delivering enhanced in-car digital services.
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.
Commenting on this landmark partnership, Amit Chadha, CEO & Managing Director, L&T Technology Services and nasscom Executive Council Member stated, “We are thrilled to collaborate with one of the most influential automotive leaders in Europe. This deal underlines LTTS’ proven competencies in software-defined mobility and reflects our commitment to enabling transformation in the global automotive landscape. Our expertise in EV technologies, SDVs and ADAS, complemented by our robust digital engineering capabilities, positions us to create powerful impact for our customers, making future-ready mobility a reality.”
Over the years, LTTS has built a strong reputation for delivering innovative solutions in autonomous driving, connected vehicles, e-mobility, and digital twin technologies. This new strategic engagement reaffirms LTTS’ position as a trusted engineering partner for leading automotive enterprises across the globe.
About L&T Technology Services Ltd
L&T Technology Services (LTTS) is a global leader in engineering and technology services. A listed subsidiary of Larsen & Toubro (L&T), we offer design, development, testing, and sustenance services across products and processes.
Purposeful. Agile. Innovation. is how we drive growth across the Mobility, Sustainability, and Tech segments. Our customer base includes 69 Fortune 500 companies and 57 top ER&D companies across industrial products, medical devices, transportation, telecom & hi-tech, and process industries. Headquartered in India, we have over 23,460 employees across 22 global design centers, 30 global sales offices, and 108 innovation labs, as of December 31, 2024.
