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Tata Technologies and TiHAN-IIT Hyderabad collaborate on SDVs and ADAS
Tata Technologies, a global engineering and product development digital services company, has signed a Memorandum of Understanding (MoU) with TiHAN IIT Hyderabad, to collaborate in the areas of Software Defined Vehicles (SDV) and Advanced Driver Assistance Systems (ADAS). As Automotive companies strive to develop SDVs with autonomous technologies, they look for innovative solutions and accelerators that help them reduce technology incubation time and cost. Tata Technologies and TiHAN wi...
Tata Motors sells 9.9% stake in Tata Technologies Ltd at INR 16,300Cr equity valuation
Tata Motors Limited (TML) has entered into share purchase agreements to sell 9.9% stake in Tata Technologies Ltd (TTL) for an aggregate consideration of INR 1,613.7 crore. TPG Rise Climate is the lead investor for this transaction, which ascribes an equity valuation of INR 16,300 Cr (~US$ 2.0 billion) for TTL. TTL, a subsidiary of TML, is a leading global engineering services company offering product development and digital soluti...
The BMW Group and Tata Technologies, a global product engineering and digital services company, have announced that they have signed an agreement to form a JV with the aim to establish a software and IT development hub with locations in Pune, Bangalore and Chennai, India. The main development and operations activities shall be established at Bangalore and Pune. In Chennai, the focus shall be on business IT solutions. The execution of the JV agreement is subject to review and approval by the r...
