L&T Tech bags €50 million deal to assist an 'influential' European automotive OEM

L&T Technology Services

Engineering, research, and development (ER&D) services company L&T Technology Services had signed a €50 million transformation deal with a prominent European automotive original equipment manufacturer (OEM), the company has informed stock exchanges.

"The latest large deal engagement focuses on the development and operation of next-generation software platforms tailored to both current and upcoming vehicle models," the company said in a release.

The deal includes establishment of a development center that will play a critical role as part of the client’s global right-shoring strategy. The Vadodara-headquartered company’s technology stack includes a unified architecture, a proprietary operating system, and an automotive cloud.

The European client is spearheading the development of 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.

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 investments in driverless car technologies have enabled the development and launch of an integrated ADAS stack, along with solutions in AI and SDVs, which will help clients accelerate time-to-market and stay competitive.

LTTS’ EV lab in Bengaluru will serve as a hub for the development and testing of advanced electric vehicle technologies. Recently, the company also launched LTTSiDrive for global clients in the mobility space, a framework for SDV implementation across autos, trucks, and off-highway vehicles, further underscoring LTTS’ innovation-driven approach.

"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 a powerful impact for our customers, making future-ready mobility a reality," Amit Chadha, CEO & Managing Director, L&T Technology Services said in the release.