Tata Group Company has Been Selected as a Strategic Supplier by Volvo Cars
The stock is up by 25.4 per cent from its 52-week low of Rs 595.05 per share.
Tata Technologies Ltd has been chosen as a strategic engineering supplier by Volvo Cars, significantly expanding their existing relationship. This collaboration will focus on crucial areas such as product engineering, vehicle system and component engineering, embedded software and Product Lifecycle Management (PLM) solutions. Tata Technologies will deliver these solutions from its key global hubs located in Sweden (including Gothenburg, its Automotive Centre of Excellence), India, Romania and Poland. This selection reinforces Tata Technologies' dedication to "Engineering A Software Defined Future" by developing smarter, safer and more sustainable solutions for the global automotive industry.
Volvo Cars, known for its leadership in automotive safety and sustainability, is currently redefining mobility through electrification, software-defined vehicle (SDV) platforms and intelligent in-car experiences. With strong ambitions for sustainable growth, Volvo aims to provide customers with personal, sustainable and safe mobility options. Leveraging its expertise in turnkey product engineering and digital transformation, Tata Technologies will play an expanded role in this journey, building on its already trusted partnership.
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About Tata Technologies Ltd
Tata Technologies (BSE: 544028, NSE: TATATECH) is a global product engineering and digital services company focused on helping industries worldwide "drive, fly, build and farm." They achieve this by partnering with manufacturing businesses to develop and deliver superior products and experiences. Essentially, Tata Technologies acts as a crucial strategic engineering partner, empowering companies to conceptualise, develop and bring to life innovative products that are safer, cleaner and ultimately enhance the quality of life for all.
The company has a market cap of over Rs 29,000 crore and has been maintaining a healthy dividend payout of 70 per cent. The stock is up by 25.4 per cent from its 52-week low of Rs 595.05 per share.
Disclaimer: The article is for informational purposes only and not investment advice.