India’s IT and engineering services company, L&T Technology Services Limited (LTTS), has signed a five-year, multi-million-dollar deal with German luxury vehicle maker BMW Group to provide high-end engineering services for the company’s suite of infotainment consoles targeted for hybrid vehicles.
The LTTS team of engineers will be providing services in the areas of software build and integration, infotainment validation and defect management, the company said in a statement.
LTTS has an existing near shore centre which provides engineering and R&D services for BMW Group’s suite of infotainment consoles and its family of hybrid electric vehicles. The proximity to BMW Group’s campus will enable LTTS’ engineers to work on a variety of solutions and offer services in real time.
With over 21,400 employees globally, LTTS reported net profit of ₹274 crore for the first quarter ended June 30 up 27% year-on-year. During the quarter, LTTS won a $50 million plus deal, four $15 million deals and two deals with TCV of $10 million.
“This latest deal win is a testament to LTTS’ long-standing expertise in the automotive engineering services domain. Our transportation engineering services are enabling leading OEMs to build innovative and sustainable vehicles and achieve faster time to market using new age digital technologies,” Abhishek Sinha, Chief Operating Officer and Board Member, L&T Technology Services said.
“We are delighted to strengthen our existing engagement with BMW Group and are fully committed to deploying our digital engineering capabilities and assist with the launch of their new family of hybrid vehicles,” he added.
BMW India, which is bullish about the country’s growth potential in the auto segment, reported sales of 5,570 cars in India in the first half of 2022. The company has planned to launch a total of 19 models in the four-wheeler segment by end of this year to sustain the momentum.