L&T Technology Services, a leading global pure play engineering services company, has been positioned in the 'Winner's Circle' for excellence in innovation and execution by HfS Research, the Service Research Company™. In its 'Blueprint Report for Automotive Engineering Services for 2018', HfS rated LTTS among the top 5 innovative companies in the world.
The HfS Report evaluated LTTS across both the value chain & product development lifecycle and acknowledged the company’s expertise in these domains.
LTTS has developed autonomous vehicle features solutions in collaboration with a Chinese Tier-1 company, partnered with a German automotive OEM to develop electric vehicles and developed telematics platforms for connected car development.
HfS in its report also highlighted LTTS' unparalleled expertise in the Off-Highway segment.
''LTTS has the highest presence in the off-highway vehicle sector among all the service providers evaluated for this Blueprint report. It has worked on new product development, and hydraulic hybrid solution areas with off-highway OEMs,'' the report stated. It added that LTTS’ percentage of clients with long-term 5+ year contracts is one of the highest among the service providers.
LTTS counts 11 of the top 20 automotive OEMs and 25 of the top 100 auto parts suppliers as its customers. It has over 15 major automotive engineering services delivery centers across the globe in North America, Germany, Sweden, India & Japan.
Shailendra Shrivastava, Global Head of Ground Transportation at L&T Technology Services said, ''LTTS offers our global clients end-to-end domain expertise across the value chain due to strong innovation credentials in automotive engineering. We command strong presence in the off-highway vehicle sector and our autonomous vehicle solutions are already in production. We are also involved in electric powertrain design and battery management services. LTTS is rolling out solutions across EV, cyber security and autonomous driving across India, Israel, Europe and USA, through its multiple designcenters. We will continue to invest in our future capabilities to be the best in the industry.''
Shares of the company gained Rs 14.55, or 0.91%, to trade at Rs 1,619.15. The total volume of shares traded was 2,822 at the BSE (9.28 a.m., Monday).
