L&T Technology Services Limited has informed the Exchange regarding a press release dated Jun 30, 2025, titled "L&T Technology Services and thyssenkrupp Steering business unit enter into a strategic partnership to establish a global software hub in Pune, India".
LTTS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
L&T Technology Services (LTTS) has announced a strategic partnership with thyssenkrupp Steering, a global leader in steering systems, to set up a software development center in Pune, India. LTTS will establish and manage the hub on behalf of thyssenkrupp Steering, focusing on safety-critical automotive software including embedded systems, functional safety, and cybersecurity. The partnership falls under LTTS' Mobility segment and supports thyssenkrupp's global engineering expansion. thyssenkrupp Steering supplies steering systems for over 30 million vehicles annually and employs more than 10,000 people across 24 R&D and manufacturing locations worldwide.
This partnership adds a major global Tier-1 automotive client to LTTS' portfolio, strengthening its position in the automotive software and mobility space. It is likely to be viewed positively by investors as it validates LTTS' expertise in next-generation, software-defined vehicle technologies and supports long-term revenue growth in its Mobility segment.