L&T Technology Services Secures €50 Million Deal in European Mobility Segment

Story Highlights
  • L&T Technology Services wins a €50 million deal with a European automotive OEM.
  • The deal strengthens LTTS’s position in the automotive industry with a focus on SDV and ADAS.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
L&T Technology Services Secures €50 Million Deal in European Mobility Segment

An announcement from L&T Technology Services Ltd. ( (IN:LTTS) ) is now available.

L&T Technology Services has secured a €50 million deal with a leading European Automotive OEM, enhancing its position in the global automotive ecosystem. This deal involves developing next-generation software platforms and establishing a development center, leveraging LTTS’s expertise in Software Defined Vehicle (SDV) development, Advanced Driver Assistance Systems (ADAS), and Software Defined Everything (SDe). The partnership underscores LTTS’s commitment to driving transformation in the automotive industry and highlights its capabilities in EV technologies and digital engineering.

More about L&T Technology Services Ltd.

L&T Technology Services Limited (LTTS) is a global engineering and technology services company, operating as a subsidiary of Larsen & Toubro Limited. The company specializes in providing innovative solutions in autonomous driving, connected vehicles, e-mobility, and digital twin technologies, with a strong focus on the automotive industry.

YTD Price Performance: -4.24%

Average Trading Volume: 5,765

Current Market Cap: 476.6B INR

For a thorough assessment of LTTS stock, go to TipRanks’ Stock Analysis page.

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