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L&T Technology Services wins deal worth $45 million from US automotive Tier 1 company

19 Jan 2022 Evaluate

L&T Technology Services (LTTS) has won deal worth $45 million from a U.S. based automotive Tier 1 company, to be its strategic engineering partner and provide engineering services for its Electric Vehicle (EV) product portfolio. Under the terms of the 5-year agreement, LTTS will work with the customer to deliver solutions leveraging its e-mobility technology competence. Notably, this will be delivered from LTTS’ ER&D center in Krakow, Poland.

LTTS plans to have over 300 engineers working from its Krakow, Poland center in the next 3 years, marking its expansion into Eastern Europe. This landmark deal reinforces that strategic investment is paying off and establishes LTTS’ dominant position in the Electric, Autonomous and Connected Vehicle (EACV) landscape. The Krakow R&D center will serve as a nearshore center to Western European and North American clientele across verticals.

L&T Technology Services is a listed subsidiary of Larsen & Toubro focused on Engineering and R&D (ER&D) services.

Peers
Company Name CMP
TCS 2069.95
Infosys 1011.70
HCL Technologies 1244.05
Wipro 163.55
Tech Mahindra 1545.40
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