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L&T Technologies Signs Multi-Year Infotainment Agreement with BMW Group; inventory slippage ~2%

L&T Technology Services Limited, one of the world’s leading pure-play engineering services companies, has announced that it has been awarded a 5-year, multi-million dollar contract with European luxury vehicle manufacturer BMW Group to supply high-end engineering services for the company’s infotainment suite. consoles for its family of hybrid vehicles.

The major contract was awarded to LTTS because of its deep understanding of the field and its engineering leadership in the field of transport technologies, as well as its demonstrated ability to offer unique options to develop existing projects and develop new ones. new.

The LTTS engineering team will provide services such as software development and integration, infotainment validation and defect management.

LTTS already has a Near Shore Center that provides engineering and R&D services for the BMW Group’s suite of infotainment consoles and hybrid electric vehicle family.

Due to its proximity to the BMW Group campus, LTTS engineers will be able to work on a range of solutions and provide real-time services.

At around 10:32 a.m., L&T Technology Services was trading at 3,585.35 rupees per coin, down 2.27% from its previous close of 3,668.65 rupees on BSE. The certificate opened at Rs3,477 and hit the intraday high and low of Rs3,599 and Rs3,477 respectively.