L&T Tech bags $45 million EV deal from American Tier 1
L&T Tech plans to have over 300 engineers working from its Krakow, Poland centre in the next 3 years, marking its expansion into Eastern Europe.
Bangalore-headquartered global pure-play engineering services company L&T Technology Services (LTTS) has been awarded a deal worth $45 million (Rs 333 crore) from a United States-based automotive Tier 1 company, to be its strategic engineering partner and provide engineering services for its electric vehicle product portfolio.
The 5-year agreement will see LTTS work with the customer to deliver solutions leveraging its e-mobility technology competence, which will be delivered from LTTS’ ER&D centre in Krakow, Poland. L&T Tech plans to have over 300 engineers working from its Krakow, Poland centre in the next 3 years, marking its expansion into Eastern Europe.
Amit Chadha, CEO and MD, L&T Technology Services said, “We have been investing in electric, autonomous and connected vehicle (EACV) as part of our 6 big bets and our engineers have developed several new scalable e-mobility solutions that can accelerate global automotive players’ EV development journey. This landmark deal reinforces that our strategic investment is paying off and establishes LTTS’ dominant position in the EACV landscape. The Krakow R&D centre will serve as a nearshore centre to Western European and North American clientele across verticals.”
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