&w=3840&q=100)
LTTS, Thyssenkrupp to set up automotive software development centre in Pune
Shivani Shinde Mumbai
Global steering systems provider thyssenkrupp Steering and L&T Technology Services (LTTS), a global engineering and technology services company, today announced a strategic agreement to establish a software development centre in Pune, India.
LTTS will establish and manage the software hub in Pune on behalf of thyssenkrupp Steering.
'We are excited to partner with LTTS to expand our software capabilities in India,' said Richard Hirschmann, Senior Vice-President of R&D at thyssenkrupp Steering. 'This centre will play a crucial role in driving innovation and delivering next-generation steering solutions to our global customers.'
Centre to focus on safety-critical steering software
The new facility will focus on developing safety-critical software for advanced steering technologies, while supporting thyssenkrupp's global engineering expansion. The collaboration further strengthens LTTS's global reputation in engineering intelligent and sustainable mobility, the company said.
thyssenkrupp Steering has a longstanding legacy in steering system development. The company holds deep expertise in electrical/electronic (E/E) architectures and software, and strong competence in steering technologies. Its work includes forward-looking innovations such as the Vehicle Motion Control system, which delivers enhanced comfort, advanced safety and supports highly autonomous driving through high-level integration of steering, brakes, drivetrain and dampers.
LTTS to strengthen software-led mobility solutions
Amit Chadha, CEO and Managing Director of L&T Technology Services, said: 'This collaboration with thyssenkrupp Steering highlights LTTS's leadership in the mobility space. Our expertise in electrification, hybrid systems and software-defined vehicle architectures drives intelligent, sustainable mobility—supported by over 250 programmes, 350 patents and 45 labs.
'By adding a prominent Tier-I automotive partner to our portfolio, this partnership reaffirms our role as the go-to innovation partner for future-ready mobility solutions.'
The Pune centre will serve as a hub for cutting-edge software development, including embedded systems, functional safety and cybersecurity—aligned with the rising demand for intelligent and connected vehicle technologies
First Published: Jun 30 2025 | 3:01 PM IST
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
4 hours ago
- Time of India
Financials, pharma, and select few lead the pack as funds turn cautious
With the broad Nifty 50 gaining 3.1% and the Nifty Smallcap 250 moving up 5.73% in June, fund managers remained cautious, deploying money selectively. They bought into a mix of lenders such as L&T Finance, Aptus Value Housing Finance , AU Small Finance Bank , and RBL Bank , Union Bank of India and M&M Financial. Apart from financials, fund managers made selective purchases in domestic pharma companies with strong brands and growth strategies, picking up stocks like Laurus Labs and Divi's Laboratories. In addition, AMCs were active in stocks like Asian Paints , Britannia , Biocon , Infosys , Gland Pharma , Dixon Technologies , Premier Energies , and Kaynes Technology—reflecting selective optimism across sectors beyond financials and pharma. Economic Times WhatsApp channel )


Time of India
7 hours ago
- Time of India
Karnataka eyes $20 billion quantum economy; aims to outpace southern rivals
Academy Empower your mind, elevate your skills Aiming to ride the quantum wave in India and challenging other southern states, Karnataka is set to launch its ' Quantum Action Plan ,' which will focus on research, manufacturing, education, and industry support. The state's science and technology minister, NS Boseraju, told ET that though the technology is very nascent in India, Karnataka sees it as a big opportunity and is ready to provide the necessary incentives for startups and researchers.'We want to build a quantum advantage-driven economy by 2035. Through this initiative, the state will target $20 billion in economic value creation over the next decade,' he said ahead of the two-day Quantum India Bengaluru Summit to be held from July Andhra Pradesh's Amaravati is looking to become the quantum innovation hub , Karnataka has the edge with its strong tech base and infrastructure, Boseraju said. The neighbouring state announced the Amaravati Quantum Valley Declaration earlier in July. Under the initiative, Andhra Pradesh will develop a 50-acre Quantum Valley Tech Park built by L&T. The project aims to host India's first major quantum computing environment by IBM's 156-qubit Quantum System Two by early 2026.'Other states are now beginning to show interest, but we are ahead in this effort. We've already partnered with IISc and allocated land to support niche work in this domain,' the minister said, referring to the state cabinet's clearance of the second phase of the Quantum Research Park worth ₹48 not to miss the quantum bus the way it did with semiconductors, the government said it is actively identifying and securing land around Bengaluru to provide all the infrastructure entrepreneurs may need. 'Unlike other states that focus only on service centres, Karnataka wants to own the tech, intellectual property, and production,' the science and tech minister department will be holding a high-level meeting on Wednesday with the ministers for industries, IT/BT, and higher education, along with entrepreneurs. 'One of the agenda points is about quantum-specific IP frameworks, startup schemes, and whether we need a separate research fund or quantum fellowship programme,' Boseraju said. He added that the government is aware that quantum research requires significant patient capital for wants to leverage quantum technology for health and education. 'We already spend a significant amount on education and healthcare. By integrating quantum technologies, we hope to build better infrastructure and improve access, especially for the common man,' Boseraju said.


Time of India
19 hours ago
- Time of India
L&T Share Price Live Updates: L&T faces a setback in monthly returns
15 Jul 2025 | 09:22:28 AM IST Welcome to the L&T Stock Liveblog, your ultimate source for real-time updates and analysis of one of the most prominent stocks in the market. Stay on top of the game with our comprehensive coverage, featuring the latest details on L&T stock, including: Last traded price 3506.0, Market capitalization: 480753.43, Volume: 38700, Price-to-earnings ratio 31.97, Earnings per share 109.35. Get a holistic view of L&T with our expert insights into both fundamental and technical indicators. Stay ahead of the curve as we bring you breaking news that can impact the stock's performance. Whether you're a seasoned investor or a curious market enthusiast, rely on us to provide you with valuable information and informed recommendations. Join us on this journey as L&T thrives in the ever-changing market landscape. The data points are updated as on 09:22:28 AM IST, 15 Jul 2025 Show more