Bajaj Electricals Limited has informed the Exchange regarding 'Media Release titled Bajaj Electricals Ltd. Partners with TIH Foundation at IIT Bombay to Co-Develop Smart Lighting Solutions for Smart Cities '.
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Bajaj Electricals has announced a partnership with TIH Foundation at IIT Bombay to jointly develop smart lighting solutions aimed at India's Smart Cities projects. TIH Foundation is a technology innovation hub operating out of IIT Bombay. The collaboration will focus on creating intelligent lighting systems that can be integrated into urban infrastructure. The announcement was shared with the exchange as a media release, with no financial terms or investment figures disclosed.
This is a strategic R&D collaboration that could help Bajaj Electricals tap into the government's Smart Cities Mission and expand its product portfolio in the IoT-enabled lighting segment. While not immediately revenue-impacting, it positions the company in a future-focused, high-growth category.