L&T Technology Services Chosen by TRATON GROUP as Strategic Engineering Partner in Global R&D Transformation
TRATON 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 TRATON's 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 TRATON's 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.'
About TRATON GROUP
With its four brands Scania, MAN, International, and Volkswagen Truck & Bus, the TRATON GROUP is one of the world's 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. In addition, the TRATON GROUP offers a broad range of financial services to its customers. 'Transforming Transportation Together. For a sustainable world.': this intention underlines the Company's ambition to have a lasting and sustainable impact on the commercial vehicle business and on the Group's commercial growth.
About L&T Technology Services Ltd
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 sustenance services across products and processes.
Purposeful. Agile. Innovation. is how we drive growth across the Mobility, Sustainability and Tech segments. Our customer base includes 69 Fortune 500 companies and 57 top ER&D companies across industrial products, medical devices, transportation, telecom & hi-tech, and process industries. Headquartered in India, we have over 24,250 employees across 23 global design centers, 30 global sales offices, and 108 innovation labs, as of March 31, 2025.
For more information, please visit
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
10 hours ago
- Business Wire
CCC Intelligent Solutions and Elitek Expand Integration to Include Sublet Services
CHICAGO--(BUSINESS WIRE)-- CCC Intelligent Solutions Inc. (CCC), a leading cloud platform provider powering the P&C insurance economy, today announced that Elitek Vehicle Services, an LKQ company, has expanded its integration with the CCC Diagnostics Network. With this expansion, Elitek's mobile sublet services can now be automatically added to CCC ONE ® workfiles. This enables Elitek's mobile service collision repair customers to digitally capture diagnostics as well as non-diagnostics services, helping reduce administrative work and supporting more complete repair records. The expansion builds on the companies' initial integration, launched in 2023, which enables documentation from Elitek's remote diagnostics services to flow directly into CCC ONE, including invoices, scan and calibration reports. This next phase extends that functionality to additional mobile services performed onsite by Elitek technicians, automating the delivery of key information into repair workflows. The added efficiency supports repairers as they manage rising repair complexity, continued staffing constraints and the need to thoroughly document repairs performed on the vehicle. There is no cost to activate the expanding capabilities for existing CCC/Elitek customers. 'With pressure mounting from rising complexity and staffing challenges, repairers are looking for ways to do more with less, and that can include subletting out specialized services,' said Mark Fincher, vice president of product management at CCC. 'By expanding our integration with Elitek, we're helping shops reduce manual steps and improve repair documentation, all within the workflows they already use every day.' Elitek delivers mobile diagnostics and sublet services directly to collision repair facilities, helping complete repairs outside a shop's in-house capabilities. With this integration, service documentation can be automatically attached to the appropriate CCC ONE repair order, removing the need for manual uploads or data entry. 'We're proud to expand our relationship with CCC and bring even more value to our customers by reducing friction across our portfolio of services,' said Glen Dixon, Senior Director of North American Operations, Elitek Vehicle Services. 'Adding documentation from more of our services into CCC ONE helps streamline operations, reduce time spent managing sublet work and makes it even easier for our customers to perform ADAS calibrations, mechanical, electrical and other sublet services." Elitek is a participating provider in the CCC Diagnostics Network, which includes multiple diagnostics and sublet service partners. Repairers have the flexibility to choose the providers that best meet their needs while supporting consistent and complete documentation in CCC ONE. To learn more about CCC Diagnostics, visit To learn more about Elitek, visit About CCC CCC Intelligent Solutions Inc. (CCC), a subsidiary of CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS), is a leading cloud platform provider for the multi-trillion-dollar P&C insurance economy, creating intelligent experiences for insurers, repairers, automakers, part suppliers, and more. The CCC Intelligent Experience (IX) Cloud™ platform, powered by proven AI and an innovative event-based architecture, connects more than 35,000 businesses to power customized applications and platforms for optimal outcomes and personalized experiences that just work. Through purposeful innovation and the strength of its connections, CCC technologies empower the people and industry relied upon to keep lives moving forward when it matters most. Learn more about CCC at About Elitek Elitek Vehicles Services, an LKQ Company, is the leading independent provider of remote and mobile diagnostics, calibration, and ADAS solutions for collision repair shops. We also offer a full suite of mobile mechanical and electrical services nationwide, and we are committed to advancing vehicle safety. Elitek delivers innovative, reliable ADAS technology and expert support to collision professionals across the U.S. Learn more about Elitek at Special Note Regarding Forward-Looking Statements This press release contains forward-looking statements that are based on beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words: 'may,' 'will,' 'could,' 'would,' 'should,' 'expect,' 'intend,' 'plan,' 'anticipate,' 'believe,' 'estimate,' 'predict,' 'project,' 'potential,' 'continue,' 'ongoing' or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements regarding future use and performance of CCC's digital solutions. We cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, competition, including technological advances and new products marketed by competitors; changes to applicable laws and regulations; and other risks and uncertainties, including those included under the header 'Risk Factors' in CCC's filings with the Securities and Exchange Commission ('SEC'), including the Form 10-K filed February 25, 2025, which can be obtained, without charge, at the SEC's website ( The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release.
Business Wire
13 hours ago
- Business Wire
Onward Tech Strengthens Chennai Presence With Office Expansion
CHENNAI, India--(BUSINESS WIRE)--Onward Technologies, a digital engineering services provider, headquartered in Mumbai, India has announced the strategic expansion of its global delivery network with an offshore design centre in Chennai, India. Digital and engineering research & development (ER&D) experts from the Chennai design centre will support Onward Tech's global clients from Industrial Equipment, Heavy Machinery, Transportation and Mobility industries. 'In response to the growing demand for offshore services form USA and Europe clients, Onward Tech will continue to invest in its global delivery model. We have 1000+ employees currently in Chennai and Pune each and with this new investment, we are looking at increasing the capacity to 2000 employees in Chennai. This centre will operate as an extended digital and ER&D team for our clients with state-of-the-art training centres, software labs, and amenities for our employees,' commented Jigar Mehta, Managing Director, Onward Tech. Operating as its clients' extended Digital and ER&D services team enables Onward Tech to respond swiftly to dynamic requirements and address them in its delivery approach. The Chennai design centre is its largest to date, and the company's India operations also include dedicated offshore delivery centers and labs in Pune, Bengaluru, and Hyderabad. Together, this network offers Onward Tech's clients offshore leverage and access to an expert talent pool across digital, embedded, and mechanical engineering services. About Onward Technologies Onward Technologies (BSE: 517536) (NSE: ONWARDTEC) is a software outsourcing company specializing in digital and ER&D services. We help global OEMs improve speed to market, accelerate innovation, and maximize returns on their R&D investments. Headquartered in Mumbai, India, we are also an employer of choice driving positive change as a responsible corporate citizen. With over 2,500 employees across 12 offices in 6 countries and offshore development centers in India, we support multiple businesses in Transportation, Mobility, Industrial Products, Heavy Machinery and Healthcare verticals. For more information, please visit
Business Upturn
16 hours ago
- Business Upturn
JSW Cement IPO fully subscribed on final day; Check latest GMP, subscription status, allotment and listing dates
By Aditya Bhagchandani Published on August 11, 2025, 12:45 IST The Rs 3,600 crore initial public offering (IPO) of JSW Cement has been fully subscribed on its final day of bidding. As of 11:51 am, NSE data showed strong investor participation, led by retail and non-institutional investors, even as the grey market premium (GMP) continued to fall. Subscription status By late morning, the IPO was subscribed 1.04 times overall. Retail investors had bid for 94% of their allotted quota, while the non-institutional investors' (NII) portion was subscribed 93%. The qualified institutional buyers (QIB) segment saw 24% subscription. Grey market premium falls sharply The GMP, which stood at Rs 19 per share before the IPO opened on August 7, has steadily dropped – falling to Rs 6 on the opening day and now to just Rs 4. This implies a potential listing price of around Rs 151, just 2.7% above the upper price band of Rs 147. IPO details and fund utilisation The JSW Cement IPO comprises a fresh issue of Rs 1,600 crore and an offer for sale worth Rs 2,000 crore. The price band is fixed at Rs 139–Rs 147 per share, with a lot size of 102 shares. Proceeds from the fresh issue will partly fund a new integrated cement unit in Nagaur, Rajasthan (Rs 800 crore), repay certain borrowings (Rs 520 crore), and cover general corporate purposes. The allotment will be finalised on August 12, with listing scheduled for August 14 on NSE and BSE. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
