Tata Technologies to form joint venture with BMW for automotive software
First Published: 3rd April, 2024 21:39 IST
The joint venture will deliver automotive software, Software-defined Vehicle (SDV) solutions for BMW Group's premium vehicles, and digital transformation solutions for its business IT.
German luxury carmaker BMW Group and homegrown Tata Technologies have signed an agreement to form a joint venture (JV) to establish an automotive software and IT development hub in Pune, Bengaluru and Chennai, the companies announced on Tuesday.
The BMW-Tata Technologies venture, the first partnership between the two, will develop automotive software for automated driving and the dashboard system among other features.
However, both The BMW Group and Tata Technologies will each hold a 50 per cent stake in the newly-formed JV.
The joint venture will deliver automotive software, Software-defined Vehicle (SDV) solutions for BMW Group’s premium vehicles, and digital transformation solutions for its business IT.
The execution of the JV agreement is subject to review and approval by the relevant authorities, the statement said.
The JV will deliver automotive software, including Software-defined Vehicle (SDV) solutions for BMW Group’s premium vehicles and digital transformation solutions for its business IT. It will commence operations with 100 innovators and plans to expand rapidly to a four-digit number in the coming years.
“Our collaboration with the BMW Group demonstrates our commitment to providing top-tier solutions in automotive software and digital engineering to customers across the world,” Tata Technologies CEO and MD Warren Harris said.
The company will aid BMW Group in engineering premium products, delivering” great digital experiences” for their customers, and propelling its digital transformation journey in business IT, he added.
BMW Group Senior Vice President of Software and E/E Architecture Christoph Grote said the collaboration with Tata Technologies will accelerate BMW’s progress in the field of the software-defined vehicle.
“In international comparison, India boasts a large number of talents with outstanding software skills, who can contribute to our software competence,” Grote added.
Further, he said developing vehicle software for the BMW Group means working with top-class processes and tools, which in turn gives Indian software engineers the chance to shape state-of-the-art, premium automotive experiences in future fields such as highly automated driving and artificial intelligence.
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