L&T Technology Services (LTTS), an engineering and technology services company, has signed a deal worth €50 million with a prominent European Automotive OEM.
The latest large deal engagement focuses on the development and operation of next-generation software platforms tailored to current and upcoming vehicle models, according to the company. This deal’s scope includes the establishment of a development centre, which will play a critical role in the client’s global right-shoring strategy.
The client’s technology stack includes a unified architecture, a proprietary operating system, and an automotive cloud. Alongside this, it said the client is spearheading the development of cutting-edge vehicle features such as driver assistance systems, standardised infotainment platforms, software solutions integrating powertrains, chassis, and charging infrastructure, and an expansive digital ecosystem delivering enhanced in-car digital services.
LTTS said it secured this 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’ EV lab in Bangalore 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, 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.”
The company’s shares were trading at ₹4,568.35 at 2:30 pm today, up by 1.50 per cent.