Tata Tech Teams Up with BMW to Develop Software for Luxury Cars

Akash Kumar Mishra
3 Min Read
TATA Technologies

Tata Technologies and BMW Group of Tata Group have announced the formation of a joint venture. Both companies’ joint venture (Tata Tech BMW JV) will jointly develop software for the German luxury car brand. Tata Technologies announced this joint venture on Tuesday. Since then, the company’s shares were trading above Rs 1095, up 4.35 per cent on the National Stock Exchange (NSE) by 2.30 pm.

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Work Will Be Done From Pune, Bengaluru and Chennai

This joint venture will create software and IT development hubs in Pune, Bengaluru and Chennai. Development and operation work will be done in Bengaluru and Pune. The focus will be on business IT solutions in Chennai. Initially, it will start working with a team of 100 people, and soon the number of employees will increase to 1000. Warren Harris, CEO and MD of Tata Tech said that through this JV, we want to provide the best automotive software and digital engineering to decision customers worldwide.

Software Will Be Used In BMW’s Premium Cars

Both companies stated that this joint venture will develop various types of automotive software. It will also include automated driving and a dashboard system. This software will be used in BMW’s premium cars. Tata Tech’s Automotive Sales President Nachiket Paranjape said big changes are coming in the automobile sector. The role of software in vehicles has become very important.

Together with BMW, we will develop vehicles that will be known not only for their engineering but also for their excellent software. However, he has not yet disclosed the financial details of this deal.

There Will Be a 50-50 Percent Stake In The Joint Venture.

According to the information, Tata Technologies and BMW Group will have a 50-50 per cent stake in this joint venture. Tata Technologies is a subsidiary of the country’s leading automobile company, Tata Motors. This company provides engineering and technology services to manufacturers of automobiles, aerospace, and heavy machinery. Promoters’ stake in this company is 55.39 per cent, while retail and others hold 40.19 per cent.

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By Akash Kumar Mishra Co-founder and Journalist
Akash is a seasoned journalist and the co-founder of our organization. As managing editor, he oversees our editorial operations and ensures that our content is accurate, relevant, and engaging. Akash's extensive journalism experience and passion for delivering high-quality news make him an invaluable team member.