Following the announcement of a joint venture with BMW Group to create software for the German luxury automobile, Tata Technologies’ shares are up 7% today, April 2. The share price of Tata Technologies was up 7% at ₹1,123.15.
In a stock exchange filing, Tata Technologies stated that the joint company will provide dashboard systems and vehicle software for automated driving, among other things. Each of the two businesses will own 50% of the newly established business.
“Our partnership with the BMW Group illustrates our dedication to offering premium solutions in automotive software and digital engineering to clients worldwide,” stated Warren Harris, CEO and MD of Tata Technologies. In line with our mission to design a better world, we’re thrilled to put our knowledge to work for BMW Group, supporting its business IT digital transformation while helping to engineer high-end products and provide amazing digital experiences for its consumers.