Home › Research › Tata Technology and GKN Automotive plans to setup software center in India
Research10 Oct 2020
Tata Technology and GKN Automotive plans to setup software center in India
UZ
UnlistedZone Research
Research desk
1 min read111 views
Tata Technology, the flagship IT company of TATA group catering to the automobile sector globally has announced a tie-up with GKN Driveline, the Group primarily in the business of manufacturing and sale of driveshafts to original equipment manufacturers in the automobile industry, to open up a software development park in B'lore.
The Tata Technologies which has expertise in electric and embedded systems will collaborate with GKN next-generation e-Drive technologies. As per the information received, there are about 42 engineers at the lab, which will increase to over 100 by the end of the year.
The plan of the software center is to initially target global players and then, later on, they are planning to extend the same for Indian manufacturers as well.
This tie-up will bring a lot of opportunities for Tata Technology in the electric vehicle segment. In the last few years, this sector is catching the eye of many global investors as alternative clean energy for automobiles. The recent announcement by Elon Musk to set up an electric vehicle plant in India is another good case of rising demand for electric vehicles.
Tata Technology, the flagship IT company of TATA group catering to the automobile sector globally has announced a tie-up with GKN Driveline, the Group primarily in the business of manufacturing and sale of driveshafts to original equipment manufacturers in the automobile industry, to open up a software development park in B'lore.
The Tata Technologies which has expertise in electric and embedded systems will collaborate with GKN next-generation e-Drive technologies. As per the information received, there are about 42 engineers at the lab, which will increase to over 100 by the end of the year.
The plan of the software center is to initially target global players and then, later on, they are planning to extend the same for Indian manufacturers as well.
This tie-up will bring a lot of opportunities for Tata Technology in the electric vehicle segment. In the last few years, this sector is catching the eye of many global investors as alternative clean energy for automobiles. The recent announcement by Elon Musk to set up an electric vehicle plant in India is another good case of rising demand for electric vehicles.
Disclaimer: This article is for informational purposes only and is not investment advice, nor an offer to buy or sell any security. Unlisted share prices are indicative. Please do your own research or consult a SEBI-registered advisor before investing.