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Time of India
01-07-2025
- Automotive
- Time of India
LTTS and thyssenkrupp steering to set up global software hub in Pune
L&T Technology Services (LTTS) and thyssenkrupp Steering have entered into a strategic agreement to establish a global software development centre in Pune , India. The partnership aims to support the development of steering technologies and expand thyssenkrupp Steering's global engineering capabilities. The centre will be established and managed by LTTS, which will deliver software development services on behalf of thyssenkrupp Steering. Focus on safety-critical automotive software The new centre will focus on embedded systems, functional safety, and cybersecurity. It is part of thyssenkrupp Steering's broader initiative to support innovation in advanced steering systems and vehicle motion control, integrating steering, brakes, drivetrain, and dampers. 'Through this collaboration, we are expanding our software capabilities in India,' said Richard Hirschmann, SVP R&D at thyssenkrupp Steering. 'This centre will play a key role in delivering steering solutions to customers across the globe.' Patrick Vith, CEO of thyssenkrupp Steering, said, 'We aim to be the most trusted partner for steering solutions worldwide. This is part of our strategy to shape the future of mobility through innovation and global partnerships.' LTTS expands presence in mobility segment LTTS said the partnership is aligned with its Mobility segment, which focuses on building software for steering systems and electrification. The company was recently recognised as a Leader by Everest Group in its ACES Automotive Engineering Services PEAK Matrix Assessment. 'This collaboration highlights our work in the mobility space,' said Amit Chadha, CEO & Managing Director, LTTS. 'With over 250 programmes, 350 patents, and 45 labs, we continue to support clients in areas such as electrification and software-defined vehicle architectures.' Rajkumar Ravindranathan, Chief Business Officer – EMEA & RoW at LTTS, added, 'This partnership will help thyssenkrupp scale up, improve time-to-market, and reduce costs through software-led product development.' The Pune centre will support the growing demand for connected vehicle technologies and contribute to both companies' efforts in advancing mobility solutions, the company said.
Yahoo
30-06-2025
- Automotive
- Yahoo
Thyssenkrupp Steering, LTTS to establish automotive software hub in India
Thyssenkrupp Steering and L&T Technology Services (LTTS), have announced a strategic collaboration to set up a software development centre in Pune, in the Indian state of Maharashtra, aiming to bolster the development of automotive software solutions. The centre will leverage expertise of LTTS, an engineering and technology services company, in the Mobility segment, to focus on safety-critical software development for advanced steering technologies. This move is expected to support the engineering expansions of Thyssenkrupp. The Pune centre, which is set to be managed by LTTS on behalf of Thyssenkrupp Steering, will function as a hub for software development, inclusive of embedded systems, cybersecurity, and functional safety, addressing the increasing demand for intelligent and connected vehicle technologies. L&T Technology Services Europe, the Middle East and Africa (EMEA) & rest of the world (RoW) chief business officer Rajkumar Ravindranathan said: 'We are honoured to be part of this significant milestone in thyssenkrupp's transformation journey. 'Through this partnership, and by leveraging our deep expertise in building safety-critical, software-led products, LTTS will deliver scale, faster time-to-market, and cost-effective innovation, enabling thyssenkrupp to sustain and grow its market leadership. Thyssenkrupp Steering is a business unit of Thyssenkrupp's Automotive Technology segment operating globally. The company's expertise extends to developments like the vehicle motion control system, which integrates steering, brakes, drivetrain, and dampers for enhanced comfort, safety, and 'highly autonomous' driving capabilities. Headquartered in Liechtenstein, Thyssenkrupp Steering operates with employees across 24 research and development (R&D) and manufacturing locations worldwide. Thyssenkrupp Steering CEO Patrick Vith said: 'We are driven by a clear strategic ambition: to be the most trusted partner for steering solutions worldwide. We aim to shape the future of mobility through innovation, operational excellence, and strong global partnerships.' "Thyssenkrupp Steering, LTTS to establish automotive software hub in India" was originally created and published by Just Auto, 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
Business Wire
30-06-2025
- Automotive
- Business Wire
L&T Technology Services and thyssenkrupp Steering Business Unit Enter Into a Strategic Partnership to Establish a Global Software Hub in Pune, India
BUDAPEST, Hungary & PUNE, India--(BUSINESS WIRE)--thyssenkrupp Steering, a global leader in steering systems, and L&T Technology Services (LTTS), a leading global engineering and technology services company, have announced a strategic agreement to establish a state-of-the-art software development center in Pune, India. This collaboration marks a significant milestone for both companies in enabling modern automotive software solutions. The new center highlights LTTS' expertise in its Mobility segment, dedicated to developing safety-critical software for advanced steering technologies, while supporting thyssenkrupp's global engineering expansion. This collaboration further solidifies LTTS' global reputation in engineering intelligent and sustainable mobility. LTTS will establish and manage the software hub in Pune on behalf of thyssenkrupp Steering. From core vehicle engineering to next-gen software innovation, LTTS enables clients to deliver safer, smarter, and more personalized user experiences — a positioning further validated by its recognition as a Leader by research firm, Everest Group in the ACES Automotive Engineering Services PEAK Matrix Assessment (Electric). thyssenkrupp Steering has been developing steering systems for many years. The company possesses a deep knowledge of new electrical/electronic (E/E) architectures and software, as well as strong competence in steering technology. Its activities also extend to forward-looking developments such as the Vehicle Motion Control system, which enables higher comfort, advanced safety, and highly autonomous driving through the high-level integration of steering, brakes, drivetrain, and dampers. 'We are excited to partner with LTTS to expand our software capabilities in India,' said Richard Hirschmann, SVP R&D at thyssenkrupp Steering. 'This center will play a crucial role in driving innovation and delivering next-generation steering solutions to our global customers.' Patrick Vith, CEO of thyssenkrupp Steering, emphasized: 'We are driven by a clear strategic ambition: to be the most trusted partner for steering solutions worldwide. We aim to shape the future of mobility through innovation, operational excellence, and strong global partnerships.' Amit Chadha, CEO & Managing Director, L&T Technology Services, said, 'This collaboration with thyssenkrupp Steering highlights LTTS' leadership in the Mobility space. Our expertise in electrification, hybrid systems, and software-defined vehicle architectures drives intelligent, sustainable mobility, supported by 250+ programs, 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.' Rajkumar Ravindranathan, Chief Business Officer – EMEA & RoW, L&T Technology Services, said, 'We are honored to be part of this significant milestone in thyssenkrupp's transformation journey. Through this partnership, and by leveraging our deep expertise in building safety-critical, software-led products, LTTS will deliver scale, faster time-to-market, and cost-effective innovation, enabling thyssenkrupp to sustain and grow its market leadership.' The Pune center will serve as a hub for cutting-edge software development, including embedded systems, functional safety, and cybersecurity, aligning with the growing demand for intelligent and connected vehicle technologies. 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), LTTS offers 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 additional information about L&T Technology Services log on to About thyssenkrupp Steering thyssenkrupp Steering is an internationally operating business unit of thyssenkrupp AG's Automotive Technology segment. The company develops and produces steering systems for more than 30 million vehicles annually. The company with its headquarters in Eschen, Liechtenstein is the center of the business unit employing more than 10.000 employees in 24 R&D and manufacturing locations around the globe. Based on steering technologies, it is driving forward current development projects, such as steer-by-wire and the further development of assistance systems as a precursor to autonomous driving. About thyssenkrupp Automotive Technology thyssenkrupp Automotive Technology is one of the leading suppliers and development partners of the international automotive industry. Its range of products and services includes high-tech components and systems, as well as automation solutions for vehicle manufacturing. Its product range includes chassis technologies, such as steering and damper systems and the assembly of axle systems, as well as powertrain components for conventional and alternative engines. thyssenkrupp Automotive Technology also develops assembly lines for body-in-white construction and produces lightweight car body components in series. The segment achieved sales of 7.5 billion euros in fiscal 2023/24. Furthermore, it specializes in the production of springs and stabilizers for various types of vehicles, as well as components and systems for tracked vehicle undercarriages. Automotive Technology has a global production network comprising more than 90 sites in Europe, Asia, and North and South America.
