Latest news with #AlindSaxena
Associated Press
02-07-2025
- Automotive
- Associated Press
L&T Technology Services Chosen by TRATON GROUP as Strategic Engineering Partner in Global R&D Transformation
SÖDERTÄLJE, Sweden & BANGALORE, India--(BUSINESS WIRE)--Jul 2, 2025-- L&T Technology Services (BSE: 540115, NSE: LTTS), today announced that it has been chosen by the TRATON GROUP, one of the world's leading manufacturers of commercial vehicles, as a strategic engineering partner. This collaboration in LTTS' Mobility segment will support TRATON's roadmap to build a unified, future-ready product-development platform that delivers scale, speed, and sustainable mobility solutions worldwide. TRATON is reshaping its global R&D ecosystem to unlock cross-brand synergies while expanding the share of battery-electric vehicles in line with its 2029 profitability and sustainability targets. LTTS' selection will see the company provide engineering support, from mechanical and software engineering to digital systems integration - across key development hubs in Sweden, Germany, the United States, Poland, and India. The collaboration positions LTTS to deepen existing workstreams and pursue new programs across TRATON's brands, spanning software-defined vehicle architectures, electrified powertrains, autonomous & ADAS feature development, and advanced digital engineering toolchains. These capabilities align with LTTS' Mobility charter, leveraging its expertise in engineering intelligent and sustainable solutions to create safer, smarter, and more personalized mobility experiences for a global clientele. Alind Saxena, Executive Director & President - Mobility & Tech at L&T Technology Services, said,'Being selected by TRATON GROUP is a testament to LTTS' leadership in next-generation Mobility engineering. This collaboration underscores our commitment to delivering cutting-edge solutions that align with TRATON's vision of sustainable and intelligent transportation. With our proven track record in engineering transformation, we are excited to help TRATON achieve its ambitious goals of electrification, autonomy, and digital innovation while redefining the future of commercial mobility.' About TRATON GROUP With its four brands Scania, MAN, International, and Volkswagen Truck & Bus, the TRATON GROUP is one of the world's leading manufacturers of commercial vehicles. The portfolio consists of trucks, buses, and light-duty commercial vehicles, as well as the sale of spare parts and customer services. In addition, the TRATON GROUP offers a broad range of financial services to its customers. 'Transforming Transportation Together. For a sustainable world.': this intention underlines the Company's ambition to have a lasting and sustainable impact on the commercial vehicle business and on the Group's commercial growth. About L&T Technology Services Ltd L&T Technology Services (LTTS) is a global leader in engineering and technology services. A listed subsidiary of Larsen & Toubro (L&T), we offer design, development, testing, and sustenance services across products and processes. Purposeful. Agile. Innovation. is how we drive growth across the Mobility, Sustainability and Tech segments. Our customer base includes 69 Fortune 500 companies and 57 top ER&D companies across industrial products, medical devices, transportation, telecom & hi-tech, and process industries. Headquartered in India, we have over 24,250 employees across 23 global design centers, 30 global sales offices, and 108 innovation labs, as of March 31, 2025. For more information, please visit View source version on CONTACT: Media Contact: Aniruddha Basu L&T Technology Services Limited E:[email protected] KEYWORD: EUROPE SWEDEN INDIA ASIA PACIFIC INDUSTRY KEYWORD: SOFTWARE EV/ELECTRIC VEHICLES AUTOMOTIVE ENGINEERING OTHER AUTOMOTIVE TECHNOLOGY VEHICLE TECHNOLOGY MANUFACTURING SOURCE: L&T Technology Services Ltd Copyright Business Wire 2025. PUB: 07/02/2025 04:59 AM/DISC: 07/02/2025 04:59 AM
Business Wire
02-07-2025
- Automotive
- Business Wire
L&T Technology Services Chosen by TRATON GROUP as Strategic Engineering Partner in Global R&D Transformation
SÖDERTÄLJE, Sweden & BANGALORE, India--(BUSINESS WIRE)-- L&T Technology Services (BSE: 540115, NSE: LTTS), today announced that it has been chosen by the TRATON GROUP, one of the world's leading manufacturers of commercial vehicles, as a strategic engineering partner. This collaboration in LTTS' Mobility segment will support TRATON's roadmap to build a unified, future-ready product-development platform that delivers scale, speed, and sustainable mobility solutions worldwide. TRATON is reshaping its global R&D ecosystem to unlock cross-brand synergies while expanding the share of battery-electric vehicles in line with its 2029 profitability and sustainability targets. LTTS' selection will see the company provide engineering support, from mechanical and software engineering to digital systems integration - across key development hubs in Sweden, Germany, the United States, Poland, and India. The collaboration positions LTTS to deepen existing workstreams and pursue new programs across TRATON's brands, spanning software-defined vehicle architectures, electrified powertrains, autonomous & ADAS feature development, and advanced digital engineering toolchains. These capabilities align with LTTS' Mobility charter, leveraging its expertise in engineering intelligent and sustainable solutions to create safer, smarter, and more personalized mobility experiences for a global clientele. Alind Saxena, Executive Director & President - Mobility & Tech at L&T Technology Services, said, 'Being selected by TRATON GROUP is a testament to LTTS' leadership in next-generation Mobility engineering. This collaboration underscores our commitment to delivering cutting-edge solutions that align with TRATON's vision of sustainable and intelligent transportation. With our proven track record in engineering transformation, we are excited to help TRATON achieve its ambitious goals of electrification, autonomy, and digital innovation while redefining the future of commercial mobility.' About TRATON GROUP With its four brands Scania, MAN, International, and Volkswagen Truck & Bus, the TRATON GROUP is one of the world's leading manufacturers of commercial vehicles. The portfolio consists of trucks, buses, and light-duty commercial vehicles, as well as the sale of spare parts and customer services. In addition, the TRATON GROUP offers a broad range of financial services to its customers. 'Transforming Transportation Together. For a sustainable world.': this intention underlines the Company's ambition to have a lasting and sustainable impact on the commercial vehicle business and on the Group's commercial growth. About L&T Technology Services Ltd L&T Technology Services (LTTS) is a global leader in engineering and technology services. A listed subsidiary of Larsen & Toubro (L&T), we offer design, development, testing, and sustenance services across products and processes. Purposeful. Agile. Innovation. is how we drive growth across the Mobility, Sustainability and Tech segments. Our customer base includes 69 Fortune 500 companies and 57 top ER&D companies across industrial products, medical devices, transportation, telecom & hi-tech, and process industries. Headquartered in India, we have over 24,250 employees across 23 global design centers, 30 global sales offices, and 108 innovation labs, as of March 31, 2025. For more information, please visit
Business Standard
02-07-2025
- Automotive
- Business Standard
LTTS inks multi-year collaboration pact with Sweden-based TRATON GROUP
L&T Technology Services said that it has been chosen by the TRATON GROUP as a 'strategic engineering partner' for transforming its global R&D ecosystem. This collaboration in LTTS Mobility segment will support TRATONs roadmap to build a unified, future-ready product development platform that delivers scale, speed, and sustainable mobility solutions worldwide. With its four brands Scania, MAN, International, and Volkswagen Truck & Bus, the TRATON GROUP is one of the worlds leading manufacturers of commercial vehicles. The portfolio consists of trucks, buses, and light-duty commercial vehicles, as well as the sale of spare parts and customer services. The group is reshaping its global R&D ecosystem to unlock cross-brand synergies while expanding the share of battery-electric vehicles in line with its 2029 profitability and sustainability targets. LTTS selection will see the company provide engineering support, from mechanical and software engineering to digital systems integration - across key development hubs in Sweden, Germany, the United States, Poland, and India. The collaboration positions LTTS to deepen existing workstreams and pursue new programs across TRATONs brands, spanning software-defined vehicle architectures, electrified powertrains, autonomous & ADAS feature development, and advanced digital engineering toolchains. These capabilities align with LTTS Mobility charter, leveraging its expertise in engineering intelligent and sustainable solutions to create safer, smarter, and more personalized mobility experiences for a global clientele. Alind Saxena, executive director & president - Mobility & Tech at L&T Technology Services, said: Being selected by TRATON GROUP is a testament to LTTS leadership in next-generation Mobility engineering. This collaboration underscores our commitment to delivering cutting-edge solutions that align with TRATONs vision of sustainable and intelligent transportation. With our proven track record in engineering transformation, we are excited to help TRATON achieve its ambitious goals of electrification, autonomy, and digital innovation while redefining the future of commercial mobility." L&T Technology Services (LTTS) is a global leader in engineering and technology services. A listed subsidiary of Larsen & Toubro (L&T), we offer design, development, testing, and maintenance services across products and processes. The company's consolidated net profit declined 3.5% to Rs 311.1 crore in Q4 FY25, compared to Rs 322.4 crore in Q3 FY25. Revenue from operations stood at Rs 2,982.4 crore in the March 2025 quarter, marking a 12.42% increase from Rs 2,653.0 crore reported in the previous quarter. The scrip rose 0.12% to currently trade at Rs 4358.85 on the BSE.
Yahoo
30-06-2025
- Business
- Yahoo
LTTS opens new engineering design centre in Plano
L&T Technology Services (LTTS), part of the Indian conglomerate Larsen & Toubro (L&T), has unveiled a new engineering design centre in Plano, Texas, US. The site aims to address the growing demand for advanced solutions in artificial intelligence and technology. The company will establish more centres tailored to clients' needs, reflecting the nearshoring trend of bringing businesses and customers closer together. The new facility, compliant with International Traffic in Arms Regulations, will develop and test defence-related systems and products. It will also focus on advanced cybersecurity solutions with a security operations centre. The new site will initially house up to 100 engineers, with plans to create more than 350 jobs in the future. These jobs are expected to serve key sectors, such as mobility and technology. Alind Saxena, LTTS's president and executive director of mobility and tech, stated that the new tech centre aims to bring innovation closer to its clients across all major segments and industries. 'Plano is now a critical pillar in our global delivery model, with proximity to our clients, while working closely with local partners and talent to co-create industry-defining solutions,' he added. John B. Muns, Mayor of Plano, thanked LTTS for investing in North Texas. 'LTTS is not just creating opportunities, they are helping shape the future of advanced technology development and smart manufacturing,' he added. LTTS provides design, engineering research, and development services. A listed subsidiary of L&T, it has around 24,250 employees globally. Furthermore, in 2022, it opened an engineering design centre in Toulouse, France. "LTTS opens new engineering design centre in Plano" was originally created and published by Investment Monitor, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Economic Times
04-06-2025
- Business
- Economic Times
LTTS bags deal to set up offshore development centre for US firm Tennant
Mid-sized IT player L&T Technology Services (LTTS) has signed an agreement with US-based Tennant Company to help develop sustainable and innovative cleaning products. As part of this collaboration, LTTS will set up a dedicated engineering centre in India to support Tennant's new product development, lifecycle management, and other core operations, LTTS said on Wednesday. Tennant, known globally for clean tech, will work with LTTS engineers to design smarter and more energy-efficient cleaning equipment. The new Offshore Development Centre (ODC) will focus on embedding automation, internet of things (IoT), and digital features into Tennant's industrial cleaning products. The move also helps both companies expand in emerging markets, particularly across Asia-Pacific. Financial details and tenure of the deal were not the engineering arm of L&T Group, recorded its highest-ever deal bookings in the January-March 2025 quarter. 'In our view, FY26 will be a better year than FY25. We also reaffirm our medium-term outlook of USD 2 billion revenue,' chief executive and managing director Amit Chadha had said in announcement comes a day after leading Indian IT companies—Tata Consultancy Services, Wipro and Tech Mahindra also announced multi-year deals in both traditional Anglophone markets of the US and the UK and continental Europe. This comes despite the recent circumspect global commentary over demand and slowing organic revenue growth. 'With this partnership, we're combining world-class engineering with sustainability,' said Alind Saxena, Executive Director at LTTS. 'Our goal is to create responsible and intelligent products that contribute to a greener future.'Tennant's Chief Marketing & Technology Officer Pat Schottler added, 'The ODC with LTTS will help us accelerate innovation and support our mission of making the world cleaner, safer, and healthier.'
