The initiative aligns with Traton’s long-term profitability and sustainability targets for 2029, including an increased focus on battery-electric vehicles and cross-brand synergies.
In a stock exchange filing, LTTS said it will provide end-to-end engineering services, ranging from mechanical and software engineering to digital systems integration, across Traton’s key development centers in Sweden, Germany, the United States, Poland, and India.
The partnership is designed to support Traton’s innovation goals across its portfolio of brands, including Scania, MAN, International, and Volkswagen Truck & Bus.Also, the collaboration will involve LTTS in several advanced engineering domains such as software-defined vehicle architectures, electrified powertrains, autonomous and advanced driver-assistance systems (ADAS), and digital engineering toolchains. These areas are central to Traton’s efforts to deliver intelligent and sustainable transportation solutions, it said.
“.This collaboration underscores our commitment to delivering cutting-edge solutions that align with Traton’s vision of sustainable and intelligent transportation,” Alind Saxena, Executive Director & President – Mobility & Tech at L&T Technology Services, said.
Traton Group, with its diverse lineup of trucks, buses, and light-duty commercial vehicles, aims to make a sustainable and lasting impact on the transportation industry. LTTS, a global leader in engineering and technology services, is a listed subsidiary of Larsen & Toubro (L&T).
Shares of L&T Technology Services were trading 0.25% higher at ₹4,364.75 apiece on the BSE around 10:50 am.
Also Read: IndusInd Bank share price target is 60% below Goldman Sachs’ 2024 peak after latest downgrade
