April 1, 2025
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L&T Technology Services inks deal worth €50 million with European automotive OEM
(20 second reading) Shares of L&T Technology Services are in focus after the company said it has signed a deal worth €50 million with a renowned European automotive original equipment manufacturer (OEM).
The deal focuses on the development and operation of next-generation software platforms tailored to both current and upcoming vehicle models, LTTS said. The deal also includes the establishment of a development centre, which will play a critical role as part of the client’s global right shoring strategy, it added.
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).
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