Tata Technologies Limited

Equities

TATATECH

INE142M01025

Integrated Hardware & Software

End-of-day quote NSE India S.E. Other stock markets 06:00:00 2024-04-28 pm EDT			5-day change	1st Jan Change
1,067 ^INR	-0.53%		+2.52%	-9.60%

Apr. 19	Tata Technologies Board to Consider Dividend for Fiscal 2024	MT
Apr. 12	India's Bharti Hexacom jump 32.5% in debut trade at $4.53 billion valuation	RE

BMW and India's Tata Technologies to form JV for developing software

April 02, 2024 at 12:10 am EDT

BENGALURU, April 2 (Reuters) - BMW Group and Tata Technologies will form a joint venture for the development of software for the German luxury automaker, the Indian engineering services company said on Tuesday.

The venture will develop automotive software for automated driving and the dashboard system among other features, it said, but didn't disclose any financial details of the agreement.

Tata Technologies and the BMW Group will each hold a 50% stake in the newly-formed company, it added.

Tata Technologies, the unit of carmaker Tata Motors , provides engineering and technology services to auto, aero and heavy machinery makers. (Reporting by Varun Hebbalalu in Bengaluru; Editing by Savio D'Souza and Rashmi Aich)

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
TATA TECHNOLOGIES LIMITED	1,067 INR	-0.53%	+2.52%	5.22B
TATA MOTORS LIMITED	1,000 INR	+0.11%	+3.87%	43.93B
BMW AG	106.8 EUR	+0.38%	+0.90%	71.52B

Latest news about Tata Technologies Limited

Tata Technologies Board to Consider Dividend for Fiscal 2024	Apr. 19	MT
India's Bharti Hexacom jump 32.5% in debut trade at $4.53 billion valuation	Apr. 12	RE
Tata Technologies, BMW Team Up to Form Automotive Software Hubs' JV in India	Apr. 02	MT
BMW and India's Tata Technologies to form JV for developing software	Apr. 02	RE
India's Tata Technologies and BMW Group to form JV	Apr. 01	RE
Tata Technologies and BMW Group Aim to Collaborate for the Development of Automotive Software and Business IT Solutions	Apr. 01	CI
Tata Technologies Bags INR23 Billion Government Contract to Modernize 65 Industrial Training Institutes; Shares Drop 3%	Mar. 11	MT
Tata Technologies Collaborates with the Government of Telangana to Transform 65 Industrial Training Institutes into Skill Development Centers	Mar. 09	CI
Tata Technologies Names COO	Mar. 05	MT
Tata Technologies Limited Announces Appointment of S. Sukanya as Chief Operating Officer, Effective March 6, 2024	Mar. 05	CI
Indian shares set to open higher tracking Asian peers	Jan. 28	RE
Tata Technologies' Consolidated Profit Climbs in Fiscal Q3	Jan. 26	MT
Tata Technologies Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	Jan. 25	CI
India's Tata Technologies posts jump in profit in first results since listing	Jan. 25	RE
India's Tata Technologies to invest $1.8 billion in Telangana state	Jan. 18	RE
India's IPO momentum seen growing on prospects of political stability	Dec. 19	RE
Tata Technologies Opens First Innovation Hub in Coimbatore, India	Dec. 15	MT
Tata Technologies Limited Inaugurates Its First Innovation Centre in Coimbatore	Dec. 14	CI
Tata Technologies Limited has completed an IPO in the amount of INR 30.425139 billion.	Nov. 24	CI
Tata Technologies Limited Reports Earnings Results for the Half Year Ended September 30, 2023	Nov. 15	CI
Tata Technologies Reportedly in Talks with Morgan Stanley, US Funds for Initial Public Offering Investment	Nov. 09	CI
Tata Motors to Sell Stake Worth $194 Million in Unit to PE Fund	23-10-13	CI
Ratan Tata Endowment Foundation and TPG Rise Climate SF Pte. Ltd. agreed to acquire 9.9% stake in Tata Technologies Limited from Tata Motors Limited for INR16 billion.	23-10-12	CI
Tata Technologies Limited Reports Earnings Results for the Full Year Ended March 31, 2023	23-05-04	CI

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Company Profile

Tata Technologies Limited is an India-based global engineering services company. The Company offers product development and digital solutions, including turnkey solutions, to global original equipment manufacturers (OEMs) and their tier one suppliers. The Company operates through two segments: Services and Technology. Services segment includes outsourced engineering services for manufacturing clients and leveraging digital technology to optimize the way in which a manufacturing company conceives, develops, manufactures and services new products. The Technology Solutions include contains academia upskilling and reskilling solutions and value-added reselling of software applications and solutions. Through its products business, the Company resell third-party software applications, primarily product lifecycle management (PLM) software and solutions and provide value-added services such as consulting, implementation, systems integration and support.

Sector

Integrated Hardware & Software

Calendar

2024-05-02 - Q4 2024 Earnings Release

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

1,067 INR

Average target price

965.7 INR

Spread / Average Target

-9.48%

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Quarterly earnings - Rate of surprise

Company calendar

Sector Integrated Hardware & Software

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