Wipro, FEV join hands for software-defined vehicles development
Leading global information technology, consulting & business process services company, Wipro Limited announced that it has entered into a strategic partnership with Aachen, Germany-headquartered FEV, a leading global engineering provider, to jointly develop & market solutions for software-defined vehicles (SDV).
The duo has jointly set up an innovation lab, which will develop automotive use cases, engineer scalable software, electronic architecture and develop system features. The partnership will benefit from advancing individual technical capabilities and research goals apart from the commercialisation of the jointly-developed services & products.
Speaking on the announcement, Thomas Muller, CTO – Engineering and R&D Services at Wipro Limited stated that FEV is one of the most respected names in the automotive industry to jointly develop innovative solutions for SDVs. Hence, the partnership was a significant step towards strengthening Wipro’s services in the automotive and mobility-related markets globally.
At the time of market close on Wednesday, the stock of Wipro Limited was trading at Rs 555.95, down by 0.34 per cent or 1.90 per share as against a 0.51 per cent decline in the benchmark index.