
LTTS inks multi-year collaboration pact with Sweden-based TRATON GROUP
This collaboration in LTTS Mobility segment will support TRATONs roadmap to build a unified, future-ready product development platform that delivers scale, speed, and sustainable mobility solutions worldwide.
With its four brands Scania, MAN, International, and Volkswagen Truck & Bus, the TRATON GROUP is one of the worlds leading manufacturers of commercial vehicles. The portfolio consists of trucks, buses, and light-duty commercial vehicles, as well as the sale of spare parts and customer services.
The group is reshaping its global R&D ecosystem to unlock cross-brand synergies while expanding the share of battery-electric vehicles in line with its 2029 profitability and sustainability targets.
LTTS selection will see the company provide engineering support, from mechanical and software engineering to digital systems integration - across key development hubs in Sweden, Germany, the United States, Poland, and India.
The collaboration positions LTTS to deepen existing workstreams and pursue new programs across TRATONs brands, spanning software-defined vehicle architectures, electrified powertrains, autonomous & ADAS feature development, and advanced digital engineering toolchains.
These capabilities align with LTTS Mobility charter, leveraging its expertise in engineering intelligent and sustainable solutions to create safer, smarter, and more personalized mobility experiences for a global clientele.
Alind Saxena, executive director & president - Mobility & Tech at L&T Technology Services, said: Being selected by TRATON GROUP is a testament to LTTS leadership in next-generation Mobility engineering.
This collaboration underscores our commitment to delivering cutting-edge solutions that align with TRATONs vision of sustainable and intelligent transportation.
With our proven track record in engineering transformation, we are excited to help TRATON achieve its ambitious goals of electrification, autonomy, and digital innovation while redefining the future of commercial mobility."
L&T Technology Services (LTTS) is a global leader in engineering and technology services. A listed subsidiary of Larsen & Toubro (L&T), we offer design, development, testing, and maintenance services across products and processes.
The company's consolidated net profit declined 3.5% to Rs 311.1 crore in Q4 FY25, compared to Rs 322.4 crore in Q3 FY25. Revenue from operations stood at Rs 2,982.4 crore in the March 2025 quarter, marking a 12.42% increase from Rs 2,653.0 crore reported in the previous quarter.
The scrip rose 0.12% to currently trade at Rs 4358.85 on the BSE.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)

Business Standard
8 minutes ago
- Business Standard
Shriram Properties Q1 results: PAT rises 18% to ₹20.59 cr, income up 26%
Total income rose to Rs 261.54 crore in the April-June period of 2025-26 against Rs 210.90 crore in the corresponding period of the preceding year, according to a regulatory filing Press Trust of India New Delhi


Time of India
8 minutes ago
- Time of India
Nitish Kumar hails Bihar's free electricity scheme, benefiting 1.89 crore consumers
Patna: Bihar Chief Minister Nitish Kumar on Tuesday interacted via video conferencing with electricity consumers from multiple districts to discuss the state's free power scheme, which provides up to 125 units of electricity at no cost. The initiative, he said, has been a "revolutionary step" in improving the lives of ordinary citizens. "Free electricity up to 125 units is benefiting 1.89 crore consumers in Bihar. It is a revolutionary step for the welfare of the common people of Bihar. We are also promoting solar energy - it is now installed on all government buildings, and if any consumer wishes to install it at home, the government will help," CM Nitish said. Deputy Chief Minister Samrat Choudhary noted that, unlike other states, where exceeding the subsidised limit by even one unit triggers charges on the entire bill, Bihar's policy bills consumers only for the units used above 125. "The Bihar government under the leadership of CM Nitish Kumar is giving a total electricity subsidy of Rs 20,000 crore," he said. Bihar Energy Minister Vijendra Yadav appealed to residents to use electricity responsibly. "Don't misuse electricity if you are getting it free," he cautioned. The state has begun depositing the July subsidy amount directly into consumer accounts, with August consumption under 125 units also exempt from recharge. To engage the public, special awareness programs are being held at 3,000 locations across Bihar. During Tuesday's interaction, around 15 lakh consumers shared their feedback and experiences with the Chief Minister. The main event was held at the auditorium of the Energy Department in Patna, where CM Nitish, Deputy CM Samrat Choudhary, Energy Minister Yadav, Additional Chief Secretary S Siddhartha, Secretary to the Chief Minister Kumar Ravi, Patna divisional Commissioner Chandrashekher Singh, Patna DM Tyagarajan SM and many other dignitaries were present. The government has redesigned electricity bills to feature CM Nitish's photo, seen as both an information tool and a political image-building measure.


Hans India
8 minutes ago
- Hans India
Delhi emerges as cybercrime hotspot, residents lose over Rs 1,450 cr in 11 Years
New Delhi: The national capital has seen a sharp rise in cybercrime incidents over the last decade, with residents losing more than Rs 1,450 crore to online fraud between 2014 and mid-2025, according to data presented in the Lok Sabha on Tuesday. Minister of State for Home Affairs Nityanand Rai, citing inputs from Delhi Police, revealed that the number of cyber financial fraud cases in the city has multiplied nearly eightfold in this period. In 2014, 226 such cases were recorded, involving losses of Rs 2.63 crore. By 2024, the number rose to 1,591 cases, with financial losses skyrocketing to over Rs 817 crore. In the first half of 2025 alone (till 30 June), 184 cases have already cost victims more than Rs 70 crore. In the same duration, 11,712 cyber financial fraud cases have been registered by the Delhi Police. While the NCRB's Crime in India 2022 report ranks Delhi's cybercrime rate at 3.2 cases per lakh population, far below that of states like Telangana and Karnataka, the financial impact per case in Delhi remains disproportionately high. Experts attribute this to the city's high digital penetration, widespread use of online banking and UPI transactions, and a concentration of high-value targets. Despite multiple measures, structural gaps persist in tackling cyber threats, particularly those targeting women. Rai said the Centre has strengthened the response mechanism through initiatives like the Indian Cyber Crime Coordination Centre (I4C), the National Cyber Crime Reporting Portal, and the Citizen Financial Cyber Fraud Reporting and Management System. The government has also set up the National Cyber Forensic Laboratory and launched the CyTrain MOOC platform for law enforcement training. Under the Cyber Crime Prevention against Women and Children (CCPWC) Scheme, financial assistance is being provided to states and UTs for cyber forensic-cum-training laboratories, hiring junior cyber consultants, and training police, prosecutors, and judicial officers. Delhi has commissioned cyber labs and set up a dedicated Intelligence Fusion and Strategic Operations (IFSO) unit. Since 2022, each of the city's 15 districts has had a cyber police station, alongside help desks in all police stations to assist women victims.