Shares of Tata Technologies Ltd. gained on Wednesday, July 9, after the company said it has partnered with US-based Emerson to innovate integrated testing and validation solutions for global original equipment manufacturers (OEMs) in the automotive, aerospace and commercial vehicle sectors.The partnership aims to empower manufacturers to tackle the complexities of next-generation mobility by combining Tata Tech’s expertise in systems engineering, E/E architecture and mobility platform development with Emerson’s industry-leading, software-connected test and measurement solutions, the company said in an exchange filing.
The partnership aims to enable the rapid, intelligent, and cost-efficient validation of software-defined, connected, electric and autonomous vehicles — accelerating development cycles, reducing costs and helping OEMs deliver competitive products to market faster.
“This partnership reinforces our commitment to engineering a software-defined future, helping OEMs innovate faster, and deliver connected, autonomous, and sustainable mobility that delivers a great customer experience,” Nachiket Paranjpe, President and Head of Automotive Sales at Tata Technologies, said. In June, the company was selected as a strategic supplier by Volvo Cars. This agreement with the Swedish carmaker involves product engineering, vehicle system and component engineering, embedded software, and product lifecycle management solutions, which will be provided from Tata Tech’s hubs in India, Sweden, Romania, and Poland.
The partnership aims to enable the rapid, intelligent, and cost-efficient validation of software-defined, connected, electric and autonomous vehicles — accelerating development cycles, reducing costs and helping OEMs deliver competitive products to market faster.
“This partnership reinforces our commitment to engineering a software-defined future, helping OEMs innovate faster, and deliver connected, autonomous, and sustainable mobility that delivers a great customer experience,” Nachiket Paranjpe, President and Head of Automotive Sales at Tata Technologies, said. In June, the company was selected as a strategic supplier by Volvo Cars. This agreement with the Swedish carmaker involves product engineering, vehicle system and component engineering, embedded software, and product lifecycle management solutions, which will be provided from Tata Tech’s hubs in India, Sweden, Romania, and Poland.
Tata Tech shares were up 0.73% at ₹705.1 apiece at 10.05 am on Wednesday, July 9. The stock has declined 20.8% this year, so far.
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(Edited by : Shloka badkar)
