
Tata Technologies named strategic supplier by Volvo Cars
has been appointed a
strategic engineering supplier
by
Volvo Cars
, marking an expansion of their existing partnership. The collaboration will span
product engineering
, embedded software, vehicle systems, and
Product Lifecycle Management
(PLM) services.
The services will be delivered from Tata Technologies' global centres in Sweden, India, Romania, and Poland. Gothenburg, home to its Automotive Centre of Excellence, will remain a key delivery location.
Focus on software-defined mobility
Volvo Cars is currently focused on electrification, software-defined vehicle (SDV) platforms, and enhanced in-car systems as part of its broader mobility goals. Tata Technologies, with experience in
digital transformation
and engineering, will support these initiatives.
'We are delighted by the trust that Volvo Cars has shown in our capabilities by providing newer opportunities to collaborate and scale our relationship,' said Warren Harris, CEO and MD, Tata Technologies.
'It demonstrates our commitment to delivering top-tier solutions in
automotive software
and digital engineering to customers worldwide. Aligned with our vision of engineering a better world, we're excited to support Volvo's ambitions of crafting
intelligent vehicles
that enhance safety, sustainability, and user experience,' he added.
Expanding engineering capacity
The expanded partnership will enhance Volvo Cars' engineering capacity by leveraging Tata Technologies' domain expertise and global delivery model.
Volvo Cars aims to reshape its vehicle offerings through software and sustainability, while Tata Technologies will play a broader role in supporting this transition through its end-to-end engineering capabilities.
The two companies are aligning their efforts to deliver new-generation mobility solutions, with Tata Technologies contributing across the full product development cycle—from concept to implementation.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Standard
6 days ago
- Business Standard
Tata Technologies partners with DIYguru to empower students & professionals with iGETIT-led industry relevant E-Mobility hybrid learning programs
VMPL Pune (Maharashtra) [India], August 11: Tata Technologies, a global product engineering and digital services company through its globally acclaimed iGETIT platform, has signed a strategic Memorandum of Understanding (MoU) with DIYguru, India's leading online education provider for electric vehicle (EV), Embedded Systems and future mobility upskilling. The partnership aims to jointly empower engineers and professionals with iGETIT-led industry-aligned skills in Product Design and Development, Electric Vehicle technologies, Software-Defined Vehicles (SDVs), Advanced Driver Assistance Systems (ADAS) & AUTOSAR, aligning with India's fast-evolving mobility landscape. The MoU was formalized between Mr. Manish Kohli, Global Head & Vice President - EdTech, Tata Technologies, and Mr. Avinash Singh, CEO of DIYguru. Tata Technologies, iGETIT platform, provides world-class learning solutions designed for engineers working in automotive product development, embedded systems, and manufacturing transformation. With DIYguru's hands-on EV and hardware-focused training ecosystem, this collaboration will create a future-ready engineering talent pool to meet India's growing need for advanced mobility solutions. "Tata Technologies has always been at the forefront of preparing engineering talent for the next era of product development. Through this collaboration with DIYguru, we aim to provide real-world EV and SDV expertise through our iGETIT platform and enable professionals to contribute to the future of mobility," said Manish Kohli, Global Head & VP - EdTech, Tata Technologies. Key Focus Areas of the MoU Support specialized upskilling programs in EV, ADAS, SDV, and AUTOSAR run by DIYguru. Leveraging iGETIT's global content library with DIYguru's project-based EV and Embedded hardware training Enabling job-ready engineers for OEMs and Tier-1 automotive suppliers Bridging the industry-academia gap through real-world automotive use cases and capstone projects Under this collaboration, DIYguru students enrolling in various certification and postgraduate programs will receive an exclusive one-year access to curated iGET IT e-learning paths in domains such as Electric Vehicles, Product Design and Development, Embedded Systems and other automotive technologies. Tata Technologies' iGETIT platform will own and deliver the digital curriculum, pedagogy, global certification, and quality assurance. Participants will also be awarded digital certificates, adding strong industry recognition to their skill development journey. DIYguru will provide practical instructor led training, hardware-intensive training labs, project supervision and electric vehicle prototyping. Together, the collaboration ensures engineers gain both conceptual mastery and real-world application capability. "Collaborating with Tata Technologies and their iGETIT platform is a milestone for DIYguru. This partnership allows us to integrate our EV-centric expertise with Tata's global upskilling ecosystem, building the engineering workforce that India's future mobility sector requires," said Avinash Singh, CEO, DIYguru. This initiative supports India's Atmanirbhar Bharat and Skill India goals, by developing a homegrown engineering talent ecosystem aligned with EV adoption, autonomous mobility and smart manufacturing About DIYguru Mobility DIYguru ( is India's leading edtech platform for Electric Vehicles (EV) and future mobility, with a global learner base of over 85,000 professionals and students. Focused on bridging the industry-academia gap, DIYguru offers hands-on, application-oriented training programs in EV technology, sustainable mobility, IoT, and renewable energy. DIYguru works in close collaboration with leading automotive OEMs, emerging startups, and top academic institutions to deliver certified up-skilling programs aligned with the evolving needs of the mobility sector. Through its unique blend of online learning, practical labs, and real-world projects, DIYguru is empowering a new generation of engineers and technicians to drive India's green mobility revolution. About Tata Technologies Tata Technologies (BSE: 544028, NSE: TATATECH) is a global product engineering and digital services company focused on fulfilling Its mission of helping the world drive, fly, build, and farm by enabling Its customers to realize better products and deliver better experiences. iGETIT ( is Tata Technologies' premier e-learning platform designed to equip engineers with cutting-edge skills in product design, embedded systems, and advanced automotive technologies. Tata Technologies is the strategic engineering partner businesses turn to when they aspire to be better. Manufacturing companies rely on Tata Technologies to enable them to conceptualize, develop and realize better products that are safer, cleaner, and improve the quality of life for all the stakeholders, helping us achieve our vision of #EngineeringABetterWorld.


Economic Times
04-08-2025
- Economic Times
HDB Financial shares slip below IPO price for first time, down over 1% to hit new 52-week low
Shares of HDB Financial Services slipped below their issue price of Rs 740 for the first time on Monday, tumbling 1.4% to touch a new 52-week low of Rs 738.20 on the BSE, marking a reversal from the company's strong listing debut last month. ADVERTISEMENT The decline brings the stock below its IPO issue price of Rs 740, after having opened at Rs 835 during its market debut on July 2. The shares had listed at a premium of 12.84% over the issue price, reflecting strong investor interest at the time. HDB Financial's Rs 12,500 crore initial public offering (IPO) comprised a fresh issue of Rs 2,500 crore and an offer-for-sale of Rs 10,000 crore. The issue closed on June 27 with an overwhelming response, being subscribed 17.65 times overall. Qualified Institutional Buyers (QIBs) led the demand, subscribing their portion 31.73 times. Despite a volatile market backdrop, investor enthusiasm was driven by the company's strong parentage and diversified loan book across retail, SME, and asset finance also boasts a wide phygital footprint with over 1,700 branches across India, more than 80% of which are located outside the top 20 cities. The IPO attracted bids worth over Rs 1.61 lakh crore, making it the second-most subscribed large issue (over Rs 10,000 crore) after Tata Technologies. While it fell short of Bajaj Housing Finance's Rs 3 lakh crore+ record, it surpassed other recent NBFC listings in terms of demand. ADVERTISEMENT At the upper end of the price band, HDB Financial was valued at a price-to-earnings (P/E) ratio of 28.15x based on FY25 earnings, with an implied market capitalization of around Rs 61,253 crore. Also read: Rekha Jhunjhunwala exits Nikhil Kamath, Madhusudan Kela-backed smallcap stock with 111% returns in 3 years (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)


Time of India
02-08-2025
- Time of India
Volvo cars takes a U-turn on EV-only plan for India mkt
Volvo Cars will continue to introduce both electric and internal combustion engine (ICE) vehicles in India, pivoting its earlier strategy of going all-electric amid slow customer adoption of battery electric vehicles (BEVs). The Swedish luxury carmaker had last year said it will henceforth sell only electric vehicles in India in its bid to have an all-electric portfolio by the turn of the decade. Volvo's strategy mirrors those of other global car makers like Jaguar Land Rover, and zzz who are revising plans to have an all-electric product range. Speaking to ET, Jyoti Malhotra, managing director at Volvo Cars India , said globally, too, while the company intends to go all electric, timelines have now been pushed beyond 2030. 'The adoption rate (of electric vehicles) is different in different countries. And even within the country (in India), it's different across states,' said Malhotra. He said government policies are crucial in deepening EV penetration in India, with states that have waived off road taxes seeing higher adoption rates among customers. 'We will continue to drive in electric cars and have a launch lined up later this year itself. But at the same time, we will continue to focus on ICE,' said Malhotra. EVs currently contribute about 25% of Volvo's sales in India. The market for such eco-friendly luxury cars is however still small though it is growing, according to the company. 'About a year back, EVs had started losing steam. We are seeing some uptick in the segment in the last six months. But customer needs are different across regions,' said Malhotra. 'Home charging is extremely important for customer comfort when it comes to owning EVs. In cities, where there are high-rises, charging electric cars is challenging,' he said, adding Volvo is seeing stronger EV adoption in states like Kerala, Maharashtra, and Delhi where there are low-rises and state policies are conducive. He was speaking on the sidelines of the launch of the XC60 SUV model. Globally, Volvo does have plug-in hybrids in its portfolio, but Malhotra said the company will only consider launching them in India if the tax structures are more conducive. India currently levies a Goods and Services Tax (GST) rate of 5% on EVs, and 43% on hybrids. Overall, Malhotra said luxury car sales in India , which had been outpacing the broader car market in the last few years, slowed in the first half of 2025 as volatile stock markets, and mounting geopolitical tensions hit demand among the country's rich, aspirational buyers. He however added that Volvo is on track to meet its sales target for this calendar year though industry growth is likely to be muted. Separately, Malhotra termed FTAs being inked or negotiated by the Indian government as a step in the right direction, which will help to grow the auto industry in the long run. 'The UK FTA has set a benchmark. While the one with the EU is still some time away, free trade agreements are good for the economy. India is seen as a market with growth potential. If any company were to invest in India today, they will only consider the scale available in the market here. With FTAs, the scale changes immediately as they open up access to many more markets globally,' he said, adding Volvo can also explore possibilities for expanding its footprint in India once the EU trade deal is finalised.