Tata Technologies Faces Ransomware Attack Resulting Temporary Suspension of Some of Its IT Services

Tata Technologies recently experienced a ransomware attack that affected some of its IT assets. The attack led to the temporary suspension of certain IT services. However, Tata Technologies confirmed that their client delivery services remained fully functional and unaffected throughout the incident.

The ransomware incident was discovered on January 31, 2025. Tata Technologies did not disclose whether a ransom was demanded or paid.

A detailed investigation is underway in consultation with experts to assess the root cause and take necessary remedial actions.

The company has restored the affected services and launched a detailed investigation to determine the root cause and take necessary remedial actions.

CEO Warren Harris highlighted the importance of increased funding for upskilling initiatives aligned with Industry 4.0 to support India's economic growth.

Tata Technologies emphasized its commitment to maintaining high standards of security and data protection. They are working closely with experts to mitigate any potential risks associated with the attack.

This incident highlights the growing cybersecurity challenges faced by companies, especially in sectors like engineering and technology.

Last December, Deloitte UK was reportedly cyberattacked for whopping 1 TB of sensitive data by ransomware group called Brain Cipher Ransomware.

Last year, Infosys' U.S.-based subsidiary, McCamish Systems, experienced a significant data breach due to a ransomware attack attributed to the LockBit ransomware operation, and data from over 6.078 million individuals was compromised.

Tata Technologies Launches Recruitment Drive for 100+ Cloud and Data Engineers to Revolutionize Software-Defined Vehicles

Tata Technologies, a global leader in engineering and R&D services, is launching a recruitment drive to onboard over 100 skilled Cloud and Data Engineers. These professionals will play a pivotal role in driving innovation for the next generation of Software-Defined Vehicles (SDVs), transforming the automotive landscape with cutting-edge software solutions.

As a leading global engineering and R&D services provider, Tata Technologies is committed to advancing automotive technology. The company invites talented professionals to join its mission of transforming the automotive landscape. They will play a key role in designing and developing advanced software capabilities that will enhance future driving experiences.

The company is looking for candidates with at least 5 years of experience in domains such as Teamcenter, Python, Microservices, and Pyspark. Open positions include roles for Cloud Engineers, Data Engineers, and Solution Architects. Position is available in Chennai.

The organization offers a vibrant work environment and the opportunity to contribute to the revolutionary shift towards software-defined vehicles. This is an excellent opportunity to be part of a pioneering team dedicated to engineering a better future.

Apply now to be a part of the revolution: https://lnkd.in/d_msvCXJ

Air India Receives Approval to Modify Aircraft Interiors In-House with Tata Technologies

• Initiative with Tata Technologies to enhance in-house capabilities for optimizing performance, safety, and fleet efficiency
• Air India is the first airline in India to attain this level of authorisation. 

Air India, India’s leading global airline, has received the Design Organisation Approval (DOA) from the Directorate General of Civil Aviation (DGCA) designated as CAR 21 approval. A significant milestone, this will enable Air India to independently make design changes in-house and implement modifications to its aircraft interiors more efficiently.

Air India is the first airline in India to attain this level of authorisation, accelerating its ability to execute restoration tasks for continuous improvement of its fleet.

The approval was handed over to Campbell Wilson, Chief Executive Officer and Managing Director, Air India by D.C. Sharma, Director General, DGCA on 25 October 2024 in the presence of other senior officials of Air India and DGCA, the civil aviation regulator.

Air India had earlier entered a collaboration with Tata Technologies, a global engineering and product development digital services company, to enhance aircraft interiors in its fleet aligned with the CAR 21 approval for aircraft modifications. The DOA is a transformative step towards enhancing Air India’s in-house capabilities, which has been bolstered by decisions to set up its own engineering, maintenance and training facilities. This will enhance operational efficiency and make the airline more self-reliant.

Campbell Wilson, Chief Executive Officer & Managing Director, Air India said, “India’s aviation sector is on a growth trajectory and Air India is playing a leading role in it. The approval reaffirms our capabilities to maintain our fleet and commitment to enhance customer experience of our aircraft interiors. The collaboration with Tata Technologies will help us meet customer expectations, aligning with our broader goals of operational excellence and self-reliance.”

Warren Harris, Chief Executive Officer and Managing Director of Tata Technologies, speaking on the collaboration with Air India, said: “Our partnership with Air India represents a significant step forward in redefining air travel experiences through innovation and strategic engineering. By leveraging our global aerospace expertise, we are committed to delivering next-generation aircraft interiors that not only meet the highest standards of functionality and safety but also enhance customer satisfaction. This collaboration is a testament to our dedication to engineering a better world and supporting the advancement of the Indian aviation sector.”

The partnership will streamline Air India’s operations by integrating innovative digital thread solutions and smart Maintenance, Repair, and Overhaul (MRO) services. This will improve operational efficiency, reduce downtime, and ensure that Air India’s fleet remains fit to fly, further enhancing passenger safety, comfort and operational reliability.

BMW and Tata Technologies Launch New JV 'BMW TechWorks India'

BMW Group and Tata Technologies have launched a new Joint Venture (JV) — BMW TechWorks India. This new global hub is focused on Al, automotive software, and business processes.

BMW Group and Tata Technologies each hold a 50% share in this joint venture. The JV will have offices in strategic talent hubs in Pune, Bengaluru, and Chennai.

The Joint Venture (JV) will innovate automotive software, including software-defined vehicles (SDV) and digital transformation solutions for business IT.

The newly formed organisation will leverage resources from BMW Group’s India and Munich operations as well as Tata Technologies, TCS and Tata Elxsi to not only develop software and new innovations for in-car systems, but also manage business and manufacturing processes for BMW Group across the world.

BMW TechWorks India will work on software-defined vehicles (SDV), automated driving, Al applications, next-gen infotainment systems, and business IT solutions.

The joint venture will start with 100 employees and rapidly scale to a four-digit workforce by the end of 2025. This collaboration aims to drive digital innovation in the automotive industry and strengthen BMW's global strategy by leveraging top-tier Indian talent.

India’s exceptional engineering and IT talent will play a pivotal role in developing strategic software solutions for SDVs, automated driving, digital infotainment, and automotive digital services. In addition to automotive software, the joint venture will provide digital innovations for the BMW Group’s Business IT.

Consequently, BMW TechWorks India will expedite the digital transformation of the car manufacturer’s global production network as well as strengthen its digital customer journey and sales processes. Another key area of focus will be the development of AI applications and platforms, which will increase the speed and efficiency of all core business processes.

The management team of BMW TechWorks India is comprised of seasoned executives from both partner companies. Representing Tata Technologies are Aditya Khera as CEO and Sweta Girinatham as CFO of this JV. From the BMW Group, Stefan Flader serves as COO of Enterprise IT, and Oliver Scheickl holds the position of COO of Automotive Software in this new JV.

Apart from the recent joint venture with Tata Technologies, BMW has engaged in several other collaborations with Indian companies. BMW and an another Tata Group company, Tata Motors, have a long-standing partnership, including the production of the BMW X1 and BMW X3 models in India.

BMW and Bajaj Auto have collaborated on the development of the BMW K1600 B motorcycle, which is designed and manufactured in India.

BMW has also partnered with Mahindra & Mahindra for various projects, including the development of electric vehicles and mobility solutions.

Tata Technologies Ends MoA With Chhattisgarh Government

Tata Technologies has announced the termination of its Memorandum of Agreement (MoA) with the Chhattisgarh Government. This agreement was initially aimed at upgrading 36 Industrial Training Institutes (ITIs) into Centers of Excellence (CoE) in the state.

The termination of the agreement between Tata Technologies and the Chhattisgarh Government was primarily due to the state government's decision to explore other alternatives to achieve the project goals. This led to the mutual decision to end the Memorandum of Agreement (MoA) for upgrading 36 Industrial Training Institutes (ITIs) into Centers of Excellence (CoE).

Tata Technologies has agreed to initiate the refund process for the escrow amount.

It was in June last year when the Chhattisgarh government has launched various skill development initiatives to empower its diverse workforce and enable the state manufacturing and Micro, Small and Medium Enterprises (MSME) industry.

The Chhattisgarh Government decided to explore other alternatives to achieve the project goals.

Meanwhile, Tata Technologies has seen a 16% decline in its stock price since its strong debut. Analysts have lowered target prices due to disappointing quarterly results, impacting investor sentiment.

Last month, Tata Technologies has announced partnership with Arm to drive innovation in software-defined vehicles (SDVs) and collaborated with Microsoft and Tata Motors for the InnoVent hackathon, focusing on Generative AI.

Tata Technologies Successfully Deploys SAP S/4 Hana for Mitsubishi Electric India

Tata Technologies has made significant strides in accelerating Mitsubishi Electric India's digital transformation. The implementation of SAP S/4 HANA has resulted in a 15% enhancement in operational efficiency. This was achieved through a comprehensive approach that included mapping and reengineering business processes across various functions for seamless integration.

The project was notable for its efficiency, as Tata Technologies managed to reduce the implementation timeline by approximately 25% by leveraging accelerators and digital transformation solutions. This swift deployment was aligned with the operational commencement of Mitsubishi Electric India's new manufacturing facility in Talegaon, Pune.

The successful deployment of SAP S/4 HANA has provided Mitsubishi Electric India with end-to-end visibility, data agility, and a unified data source for better decision-making based on real-time information. This strategic collaboration has set new benchmarks in the industry and is a testament to Tata Technologies' expertise in digital services and product engineering.

The project also included incorporating digital signatures and configuring document management system servers. This intricate task had to be completed within a stringent timeframe, including the mapping of entire business processes across their business units.

Leveraging its global footprint and a diverse team of experts, Tata Technologies facilitated a seamless SAP S/4 HANA implementation for Mitsubishi Electric India within an 11-month timeline, achieving a 25% reduction in the original schedule.

SAP S/4 HANA transforms businesses by providing a unified, real-time view of operations, simplifying complex processes, and enabling quicker, more informed decisions that lead to enhanced operational efficiency.

Commenting on the collaboration, Mr. Warren Harris, CEO & Managing Director, Tata Technologies, said, “This project with Mitsubishi Electric India is a testament to Tata Technologies’ mission of helping manufacturing companies worldwide conceptualize and manufacture better products. We leveraged our global teams in the manufacturing domain to reimagine the entire business process and implement SAP S/4 Hana, which delivered enhanced operational efficiency. This project exemplifies our One Team with Customers approach, further enhancing our client’s competitive edge.”

Mr. Kazuhiko Tamura, Managing Director at Mitsubishi Electric India Pvt. Ltd., on the successful implementation, expressed his satisfaction, stating, “Digital transformation of our operations is a strategic focus area for Mitsubishi Electric India, aimed at enhancing the operational efficiency. Our collaboration with Tata Technologies has been pivotal in achieving our digital transformation objectives ahead of schedule, significantly boosting our operational capabilities and setting a new direction for our future growth. As we embark on our journey to embrace digital transition with SAP S/4 Hana implementation, we strengthen our commitment to redefining our business processes for efficiency and agility. This strategic initiative reflects our relentless pursuit of excellence and innovation to serve the best for our customers and stakeholders.”

Tata Technologies and BMW Forming JV for Developing Auto Software Including Software-Defined Vehicles (SDV)

The BMW Group and Tata Technologies, a global product engineering and digital services company have announced that they have signed an agreement to form a Joint Venture (JV) with the aim to establish an automotive software and IT development hub in Pune, Bengaluru and Chennai, India. The execution of the JV agreement is subject to review and approval by the relevant authorities.

The main development and operations activities shall be established at Bengaluru and Pune. In Chennai, the focus shall be on business IT solutions.

Embodying the ethos of ‘engineer in India for the world’, the JV will leverage Tata Technologies’ digital engineering expertise and talent pool in India to contribute to the BMW Group’s strategic expansion of software coding capabilities across global IT hubs and 24/7 operations.

The JV will focus on strategic software development, including solutions for software-defined vehicles (SDV). In automotive software, the focus will be on automated driving, infotainment, and digital services. In business IT, the emphasis will be on digitalization and automation of product development, production and sales. From the inception of this JV, 100 trained and experienced Tata Technologies professionals will ensure robust and immediate contributions to software projects. The JV is likely to grow quickly to a four-digit number in the following years.

Of late, the automotive industry has seen various collaborations aimed at enhancing technological advancements and business strategies. For instance, collaborations often focus on key areas such as software development for autonomous driving, infotainment systems, and digital services. These partnerships leverage the strengths of different companies to accelerate innovation and meet the rapidly evolving demands of the market.

One notable example is the collaboration between General Motors and LG Electronics, where they have joined forces to develop electric vehicles. Another example is the alliance between Ford and Google, aiming to reinvent the connected vehicle experience through Team Upshift, which focuses on data-driven opportunities.

Commenting on the BMW-Tata collaboration, Warren Harris, CEO and MD of Tata Technologies, said, “Our collaboration with the BMW Group demonstrates our commitment to providing top-tier solutions in automotive software and digital engineering to customers across the world. Aligned with our vision of engineering a better world, we’re excited to bring our expertise to the forefront, aiding BMW Group in engineering premium products, delivering great digital experiences for their customers and propelling its digital transformation journey in Business IT.”

Nachiket Paranjpe, President of Automotive Sales, at Tata Technologies, commented “In the evolving automotive landscape, the journey towards software-defined vehicle represents a pivotal shift in automotive software and vehicle development methodologies. We will leverage our deep domain knowledge and SDV expertise to collaborate with the BMW Group towards engineering vehicles that are not just technologically advanced but deliver exceptional experiences to consumers around the globe.”

Christoph Grote, Senior Vice President of Software and E/E Architecture commented: “Our collaboration with Tata Technologies will accelerate our progress in the field of the software-defined vehicle. In international comparison, India boasts a large number of talents with outstanding software skills, who can contribute to our software competence. Developing vehicle software for the BMW Group means working with top-class processes and tools, which in turn gives Indian software engineers the chance to shape state-of-the-art, premium automotive experiences in future fields such as highly automated driving and artificial intelligence.”

“The expansion of international DevOps hubs has clearly proved to be a successful model for the BMW Group. I am therefore extremely pleased that we have found a strong and valued technology partner with Tata Technologies and are now also expanding our footprint in India,” said Alexander Buresch, CIO, and Senior Vice President of BMW Group IT.

Tata Technologies Appoints Ex-TCS SVP & CIO S Sukanya As Chief Operating Officer

• Sukanya steps into the role of COO at Tata Technologies with a focused agenda to drive the Company’s growth and transformation. She will primarily focus on strengthening Delivery and Practice operations, along with internal digital and IT systems, preparing Tata Technologies for an ambitious phase of expansion.
• Collaborating with Human Resources and the Resource Management Group (RMG), Sukanya will focus on strengthening our talent supply chain, ensuring our teams are equipped to address the dynamic needs of our global clientele.
• With over three decades at Tata Consultancy Services (TCS) in various roles, Sukanya brings a wealth of knowledge and experience to Tata Technologies. Her track record of strategic excellence will be instrumental in our journey towards engineering a better world.

Tata Technologies, a leading global engineering and product development digital services company, is pleased to announce the appointment of Sukanya Sadasivan as its new Chief Operating Officer (COO). Sukanya will be instrumental in driving Tata Technologies’ growth and transformation agenda, primarily focusing on strengthening Delivery, Practice and internal digital & IT systems.

As COO, Sukanya will work with the Delivery heads to charter the next phase of growth, enhance engagement margins and strengthen the Company’s people supply chain in collaboration with HR and the Resource Management Group (RMG). Sukanya will work with the Practice team to develop new service lines and guide the Digital Information Office to effectively leverage digital technologies to accelerate the ongoing transformation of the business. Sukanya will be based out of Pune, India, and report directly to CEO & MD Warren Harris. The Global Delivery, Practice organization, and Digital Information Office teams will report to her.

Sukanya brings to Tata Technologies more than three decades of formidable knowledge and experience in the services sector, having previously served in various senior leadership capacities at Tata Consultancy Services (TCS). Before joining Tata Technologies, Sukanya held the position of Senior Vice President & Chief Information Officer at TCS, leading strategic transformation initiatives across the organization. A technologist at heart, Sukanya’s extensive experience in managing large, complex relationships with clients across the globe will significantly strengthen Tata Technologies’ ability to navigate evolving business landscapes as It scales up its relationship with top Automotive, Aerospace and Industrial Heavy Machinery customers.

Mr. Warren Harris, CEO & Managing Director, Tata Technologies, expressed his enthusiasm for Sukanya’s appointment, stating, “Sukanya’s exceptional track record and depth of experience in the technology and services Industry will be a tremendous asset to our leadership team. I am confident that her insight and guidance will help our team prepare for the next phase of our growth as we scale up our relationships with Top R&D spenders across the world.”

Ms. S. Sukanya, COO, Tata Technologies shared her delight at the new opportunity, stating, “Joining Tata Technologies is a thrilling opportunity for me to contribute to a company that stands at the forefront of engineering innovation. I am eager to leverage my experience to drive operational excellence, enhance customer engagement, and support the Company’s strategic growth initiatives. Together, we will work towards achieving Tata Technologies’ vision of engineering a better world.”

Sukanya’s appointment showcases Tata Technologies’ focus on strengthening its leadership team and preparing the Company for significant growth and innovation. Her experience and leadership in the technology sector make her an invaluable asset to Tata Technologies as the Company continues to deliver on its mission of helping the world to drive, fly, build, and farm by enabling customers to realize better products.

About Tata Technologies:

Tata Technologies (BSE: 544028, NSE: TATATECH) is a global product engineering and digital services company focused on fulfilling our mission of helping the world drive, fly, build, and farm by enabling our customers to realize better products and deliver better experiences. Tata Technologies is the strategic engineering partner businesses turn to when they aspire to be better. Manufacturing companies rely on us 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.

Tata Technologies and Telangana Govt Collaborate To Modernize 65 ITIs across the State with Industry 4.0 Technologies

Tata Technologies collaborates with the Government of Telangana to transform 65 Industrial Training Institutes (ITIs) into Skill Development Centers

• The collaboration with Tata Technologies and its global partners will enable the Government of Telangana to modernize 65 government-owned ITIs across the state with the latest industry 4.0 technologies, industry-ready courseware and trainers.
• The upgraded Industrial Training Institutes (ITIs) will serve as Skill Development Centers, strengthening the technical proficiency and employability of students as well as meeting industry demand for a skilled workforce.
• The upgraded Skill Development Centers will offer 8 long-term courses and 23 short-term courses that cater to Industry 4.0 demands, training over 9,000 students on long-term courses and over 1,00,000 students on short-term courses annually at full capacity.

Tata Technologies, a global engineering and product development digital services company, has signed a 5-year Memorandum of Agreement (MoA) with the Government of Telangana to modernize 65 government-owned ITIs across the state with a total project cost of INR 2324 Crores. This collaboration is an extension of Tata Technologies’ efforts to support projects of high social impact and complement the efforts of the Telangana Government to enhance the availability of skilled talent and attract investments from industries desirous of setting-up manufacturing infrastructure in Telangana. The upgraded Industrial Training Institutes (ITIs) will serve as Skill Development Centers, strengthening the technical proficiency and employability of students. By training a workforce that is not only highly skilled in Industry 4.0 tools & technologies but also primed for immediate industry deployment, these centres will stimulate the economic progression and holistic development of the state.

The Telangana government has launched various skill development initiatives to empower its diverse workforce and support the state’s manufacturing and MSME industries. The collaboration between Tata Technologies and the Telangana government will further bolster the government’s efforts toward upskilling the youth and phasing out courses with limited relevance in the evolving industrial landscape.

Tata Technologies is collaborating with 20 global industry partners to upgrade the ITIs, which will offer 8 long-term courses and 23 short-term courses that cater to Industry 4.0 demands, training over 9,000 students on long-term courses and 1,00,000 students on short-term courses annually at full capacity once the ITIs are upgraded. The upgradation and modernization of the ITIs will facilitate upskilling in sectors related to Industry 4.0, Product Design & Development, Product Verification and Virtual analysis, Design for Artisans and Handicrafts, Additive manufacturing (3D printing), Modern Automotive Maintenance Repair and Overhaul, Battery Electric Vehicle Training, IoT and Digital Instrumentation, Process Control and Automation with HMI, PLC SCADA, Advanced Manufacturing and Prototyping, Industrial Robotics with arc welding, AI-based Virtual Welding & Painting, Advanced Plumbing, Digital Meters, Agriculture and Horticulture, and much more.

The MOA signing ceremony was graced by the Hon’ble Chief Minister of Telangana, A. Revanth Reddy, along with other dignitaries from the Telangana Government and the leadership team of Tata Technologies. The Labour and Employment Department of Telangana briefed the dignitaries about the collaboration program and skill development initiatives.

During the MOA signing event, the Hon’ble Chief Minister of Telangana, A. Revanth Reddy, said, “We’re delighted to collaborate with Tata Technologies for the transformation of ITIs into Skill Development Centers that will provide training on in-demand skills leading to better employment opportunities for the local youth. This will transform the state of Telangana into a potential investment destination for all those industry players keen on embracing Industry 4.0 and smart technologies for manufacturing.”

Speaking at the occasion, Smt. I. Rani Kumudini, IAS, Special Principal Chief Secretary, Govt. of Telangana, said, “Our collaboration with Tata Technologies to upgrade ITIs is aligned with Telangana State Skill Mission (TSSM) & Telangana Academy for Skill & Knowledge (TASK) which targets unemployed youth and recent graduates for training. Equipping them with the latest technologies will bridge the gap between demand and supply of skilled workforce thereby creating more job opportunities and encouraging the youth to build their careers in the state.”

Commenting on the collaboration, Mr. Warren Harris, CEO & Managing Director, Tata Technologies, said, “In our endeavor to engineer a better world for our youth, our collaboration with the Telangana Government stands as a testament of our commitment to nurturing talent equipped for tomorrow’s challenges. By harnessing our deep-rooted expertise in product engineering and our comprehensive understanding of the manufacturing domain, we are not just upskilling; we are preparing a workforce ready to innovate within the realms of Industry 4.0. This collaboration symbolizes our pledge to develop skillsets that align with the technological advancements and dynamics of the rapidly transforming ecosystem.”

Commenting on the collaboration, Mr. Pawan Bhageria – President, Global HR, IT Admin and Education, Tata Technologies, said, “As India navigates through a wave of technological innovations, we at Tata Technologies are at the forefront, shaping the future of manufacturing and Industry 4.0. Our collaboration with global OEMs and deep understanding of the manufacturing value chain enables us to craft curricula that arm the youth of Telangana with the skills coveted by the industry. Our goal is to deliver comprehensive courses that furnish the essential technological acumen for upskilling, ensuring our future workforce is primed for the unfolding opportunities within the manufacturing sector.”

About Tata Technologies:

Tata Technologies (BSE: 544028, NSE: TATATECH) is a global product engineering and digital services company focused on fulfilling our mission of helping the world drive, fly, build, and farm by enabling our customers to realize better products and deliver better experiences. Tata Technologies is the strategic engineering partner businesses turn to when they aspire to be better. Manufacturing companies rely on us 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. 

Team of BAIT, Erode Selected As Winner of Tata Technologies' InnoVent Hackathon

• Tata Technologies announces winners of InnoVent 2023, offers career opportunities to all finalists
• Tata Technologies InnoVent was launched in July 2023 to inspire young engineering students In India to showcase their creativity and innovate solutions across areas like Electric Vehicles, Autonomous Vehicles, Cybersecurity, Generative Artificial Intelligence (GAI), and the Internet of Things (IoT).
• The hackathon saw enthusiastic participation from 2,696 budding engineers across 229 colleges in India submitting 814 unique projects, culminating into the final Demo Day.
• The Grand Finale Demo Day was organised at the Tata Technologies’ headquarters in Hinjawadi, Pune, where the Top 10 teams impressed the audience with their prototypes.
• The top three winning teams received cash prizes worth INR 4.5 Lakhs and all the top 10 finalists were offered career opportunities at Tata Technologies.

Tata Technologies, a global product engineering and digital services company, announces the successful conclusion of the 1st edition of InnoVent hackathon, an innovation platform that provides young engineering students in India with an opportunity to showcase their creativity and innovate solutions to address the challenges being faced by the manufacturing industry. This initiative marks a significant milestone in the company’s engagement with the academic community, fostering innovation and creativity among young engineering talents across India, helping engineer better careers.

The Top 10 team/s participated in the Demo Day at Tata Technologies headquarters in Hinjawadi, Pune, where they presented their innovation prototypes and wowed the audience. The final evaluations were done by an eminent jury comprising of Mr. Warren Harris, CEO & MD, Tata Technologies, Mr. Ravi Arora, Senior Vice President & Head Group Innovation – Tata Sons; Mr. Sven Patuschka, Chief Technology Officer – Tata Motors Passenger Vehicles Limited & Tata Passenger Electric Mobility Limited; and Mr. Jyotin Kutty Sastabhavan, Chief Sustainability Officer – Tata Motors.

The winning team Rolex from Bannari Amman Institute Of Technology, Erode, Tamil Nadu

The winning team Rolex from Bannari Amman Institute Of Technology, Erode, was felicitated with a cash prize of INR 3,00,000/- for their innovation Generative AI for car design – unleashing creativity and efficiency in automotive styling.

Team Blitzkrieg from RVCE, Bangalore

The team Blitzkrieg from RVCE, Bangalore, won the 2nd prize – a cash prize of INR 1,00,000/- for their innovation Design and development of an Autonomous Electric Vehicle (AEV) for Indian roads.

Team ThunderBolt from VIT, Vellore

The 3rd prize of INR 50,000/- was won by the team ThunderBolt from VIT, Vellore, for their Battery system and pumping station for buses using Vanadium redox flow battery. In recognition of their talent, visible in their innovations, Tata Technologies offered 34 team members from the top 10 teams, an opportunity to start their careers with them.

Speaking at the Tata Technologies InnoVent felicitation ceremony, Mr. Warren Harris, MD and CEO of Tata Technologies stated, “Tata Technologies vision of engineering a better world embodies our commitment to innovate sustainable eMobility solutions by collaborating with our entire ecosystem, including the academia. We had identified real world challenges while inviting projects for the InnoVent hackathon and I am inspired by the way innovators have applied ingenious, frugal solutions to these issues, blending the finest of human creativity with cutting-edge technology. I congratulate all the winners and participants for displaying such creative talent and a Can-Do attitude while innovating the solutions.”

Highlighting the importance of creating a culture of innovation amongst young engineering students, Mr. Santosh Singh, EVP and Global Head, Marketing and Business Excellence at Tata Technologies, added, “As a human brand, we focus on delivering great experiences to our customers by innovating solutions that address the business challenges faced by our clients. The students today will innovate some of the biggest solutions in next few years. It is important for us to support, mentor, and empower these young engineering minds, equipping them with the skills necessary for a successful career. The enthusiasm and creativity displayed by these young innovators exceeded our expectations and reinforced our belief in the power of innovation in engineering a better world. We are delighted that we were able to offer them not only cash prizes and learnings but also job opportunities to all the finalists.”

Tata Technologies extends heartfelt congratulations to the winning teams and expresses deep gratitude to all the participants for their remarkable contributions and for making the InnoVent Hackathon a resounding success.

More details of the InnoVent program are available at https://www.tatatechnologies.com/innovent/.

About Tata Technologies:

Tata Technologies (BSE: 544028, NSE: TATATECH) is a global product engineering and digital services company focused on fulfilling our mission of helping the world drive, fly, build, and farm by enabling our customers to realize better products and deliver better experiences. We are the strategic engineering partner businesses turn to when they aspire to be better. Manufacturing companies rely on us 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.

Tata Technologies Valued At $6.4 Bn Post Market Listing

Tata Technologies, the first Tata Group company to go public in since 2004, now valued at ₹532.64 billion ($6.4 billion).

Tata Technologies, a subsidiary of Tata Motors (TML), made an impressive market debut on Thursday, November 30, listing at a 140% premium to the issue price of ₹500. The stock opened at ₹1,200 on the NSE and ₹1199.95 on the BSE.

The ₹3,042.51 crore issue of Tata Technologies is also the best listing since November 2021 for an IPO size of greater than ₹500 crore. The last IPO from the Tata Group was Tata Consultancy Services (TCS)in 2004.

With its market listing, Tata Technologies beat the valuation of its peers like KPIT Technologies (KPIE.NS), L&T Technology Services (LTEH.NS) and sister Tata Group company Tata Elxsi.

Tata Technologies is a pure-play manufacturing-focused engineering research and development (ER&D) company, primarily focused on the automotive industry.

Its revenue CAGR over the last three years has far exceeded that of Tata Elxsi, L&T Technologies, and KPIT Technologies. Its EBITDA margin, at 23.7 ℅ remains more or less equal to industry standards. With a P/E ratio of 18.2x, the Tata Technologies IPO was priced fairly, said analysts.

Tata Technologies Limited’s IPO to Open On Wednesday, November 22, 2023

• Price Band fixed at ₹ 475 per equity share to ₹ 500 per equity share of the face value of ₹ 2 each (“Equity Shares”) of Tata Technologies Limited
• Anchor Investor Bidding Date – Tuesday, November 21, 2023
• Bid /Offer Opening Date – Wednesday, November 22, 2023, and Bid/ Offer Closing Date – Friday, November 24, 2023
• Bids can be made for a minimum of 30 Equity Shares and in multiples of 30 Equity Shares thereafter

This document is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration. There will be no public offering of these securities in the United States.

Tata Technologies Limited (the “Company”), a global engineering and product development digital services company, proposes to open its initial public offering of up to 60,850,278 Equity Shares (“Offer”) on Wednesday, November 22, 2023. Bid/ Offer Closing Date will be Friday, November 24, 2023. The Anchor Investor Bidding Date is one Working Day prior to the Bid/Offer Opening Date, that is, Tuesday, November 21, 2023.

The Price Band of the Offer has been fixed from ₹ 475 per Equity Share to ₹ 500 per Equity Share. Bids can be made for a minimum of 30 Equity Shares and multiples of 30 Equity Shares thereafter.

The Company’s initial public offering comprises an offer for sale of up to 60,850,278 Equity Shares for cash. The Offer consists of (a) sale of up to 46,275,000 Equity Shares by Tata Motors Limited, (b)sale of up to 9,716,853 Equity Shares by Alpha TC Holdings Pte. Ltd. and (c)sale of up to 4,858,425 Equity Shares by Tata Capital Growth Fund I.

This Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended and read with Regulation 31 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”). The Offer is being made in accordance with Regulation 6(1) of the SEBI ICDR Regulations and through the Book Building Process wherein not more than 50% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”, and such portion, the “QIB Portion”). The Company may, in consultation with the Book Running Lead Managers, allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (“Anchor Investor Portion”), out of which at least one-third shall be available for allocation to domestic Mutual Funds only, subject to valid Bids being received from the domestic Mutual Funds at or above the Anchor Investor Allocation Price. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion. Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders other than Anchor Investors, including Mutual Funds, subject to valid Bids being received at or above the Offer Price. Further, not less than 15% of the Net Offer shall be available for allocation to Non-Institutional Bidders such that: (a) one-third of the portion available to Non-Institutional Bidders shall be reserved for applicants with application size of more than ₹ 200,000 and up to ₹ 1,000,000, and (b) two-thirds of the portion available to Non-Institutional Bidders, shall be reserved for applicants with an application size of more than ₹1,000,000, provided that the unsubscribed portion in either of the categories specified in (a) or (b) above, may be allocated to Bidders in the other sub-category of Non-Institutional Bidders, subject to valid Bids being received at or above the Offer Price and not less than 35% of the Net Offer shall be available for allocation to Retail Individual Bidders in accordance with SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. Further, Equity Shares will be allocated on a proportionate basis to Eligible Employees Bidding in the Employee Reservation Portion and Eligible TML Shareholders Bidding in the TML Shareholders Reservation Portion, subject to valid Bids received from them at or above the Offer Price. All Bidders, other than Anchor Investors, are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective bank account (including UPI ID (defined hereinafter) in case of UPI Bidders), pursuant to which their corresponding Bid Amounts will be blocked by the SCSBs or the Sponsor Banks as applicable, to participate in the Offer. Anchor Investors are not permitted to participate in the Anchor Investor Portion through the ASBA process.

The Equity Shares offered through the Red Herring Prospectus are proposed to be listed on both BSE Limited and the National Stock Exchange of India Limited.

JM Financial Limited, Citigroup Global Markets India Private Limited, and BofA Securities India Limited are the Book Running Lead Managers to the Offer (“BRLMs”).

Tata Motors to Sell 9% Stake in Tata Technologies to TPG Rise Climate at $2 Bn Valuation

Ahead of the IPO, Tata Motors will sell 9.9% stake in Tata Technologies for about Rs 1,614 crore. TPG Rise Climate will pick up about 9% stake in the transaction, which valued Tata Technologies at Rs 16,300 crore ($2 billion) while Ratan Tata Endowment Foundation will buy the remaining 0.9% from Tata Motors.

TPG Rise Climate previously invested $ 1 billion in Tata Passenger Electric Mobility Limited and Tata Motors to create an electric passenger mobility business that is shaping the market in India Journey has a strategic partner.

Tata Motors said the transaction is expected to be completed by October 27, 2023. The parent, Tata Motors, will receive ₹1,467 crore on selling its 9% stake in Tata Technologies to TPG Rise Climate and ₹146.7 crore on selling its 0.9% stake to Ratan Tata Endowment Foundation. As of March 31, 2023, Tata Technologies had income from operations of ₹ 4,414 crore and Net Asset ₹ 2,989 crore.

Founded in 2016, by TPG in partnership with Bono and Jeff Skoll, TPG Rise Climate is the dedicated climate impact investing fund of TPG’s $18 billion global impact investing platform. The Rise Funds’ core areas of focus include climate and conservation, education, financial inclusion, food and agriculture, healthcare, and impact services.

In August 2022, India’s largest consumer lending fintech, EarlySalary, had raised series D funding round of $110 million led by TPG’s The Rise Fund along with Norwest Venture Partners.

Back to Tata Technologies, the company recently joined AUTOSAR, a worldwide development partnership of car manufacturers, suppliers, and other companies, as a premium partner.

Tata Technologies is also the partner of Foxconn led open electric vehicle development platform, Mobility in Harmony Consortium, also known as the MIH Consortium.

Tata Technologies Joins the AUTomotive Open Software ARchitecture (AUTOSAR) Partnership As A Premium Partner

Tata Technologies, a global product engineering and digital services company, announces it has joined AUTOSAR, a worldwide development partnership of car manufacturers, suppliers, and other companies, as a premium partner. With more than 280 partners, including BMW, Volkswagen, Toyota Motor Corporation, Ford, GM, DaimlerChrysler, PSA, Toyota, Bosch, Siemens, Peugeot Citroën Automobiles S.A. and Continental AG, among others around the world, AUTOSAR aims to standardize the software architecture of vehicle electronic control units (ECUs) to improve the overall efficiency of automotive system software development and integration.

The rapid advancement of software defined vehicles (SDVs) has amplified the complexity of automotive software in terms of functionality and architecture, leading to increased development costs and time for vehicle manufacturers. This growth is further compounded by the shift towards centralized electrical/electronic (E/E) architectures powered by high-performance computing units that handle mixed-critical safety applications. AUTOSAR plays a key role in addressing these challenges by providing standardization and a foundational framework.

We believe that Tata Technologies' deep automotive domain knowledge and understanding of the physical and digital layers of product engineering in automotive enables it to develop safety critical automotive software with global original equipment manufacturers (OEMs) and Tier 1 suppliers. Through this partnership, Tata Technologies aims to collaborate with AUTOSAR in the development of new standards and software architecture for the future vehicle systems and will promote and facilitate the adoption of AUTOSAR standards globally.

Warren Harris, Chief Executive Officer of Tata Technologies, said, “We are thrilled to join the AUTOSAR Partnership. This partnership further strengthens our commitment to the automotive industry and enables us to work more closely with the other members to develop and implement open standards that aim to improve the efficiency of the development process, reduce costs and increase the overall quality of the vehicles. As Tata Technologies, we firmly believe in the value of one team with the customer, and through this collaboration, we also aim to deliver innovative solutions that meet the evolving needs of our clients and drive progress in the automotive sector."

“I am happy to see Tata Technologies join AUTOSAR as a premium partner. With their vast experience in the Automotive domain and expertise in both AUTOSAR Platforms, Tata Technologies will be contributing towards the development of new concepts and standards across these platforms” says Thomas Rüping, AUTOSAR Chairperson.

Tata Technologies is also the partner of Foxconn led open electric vehicle development platform, Mobility in Harmony Consortium, also known as the MIH Consortium. 

Tata Technologies is a global product engineering and digital services company focused on fulfilling our mission of helping the world drive, fly, build, and farm by enabling our customers to realize better products and deliver better experiences. Tata Technologies is the strategic engineering partner businesses turn to when they aspire to be better. Manufacturing companies rely on us 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.

About AUTOSAR

AUTomotive Open System ARchitecture (AUTOSAR) is a worldwide development partnership of vehicle manufacturers, suppliers, service providers and companies from the automotive electronics, semiconductor and software industry. Since 2003, they have been working on the development and introduction of several open, standardized software platforms for the automotive industry. The "Core Partners" of AUTOSAR are the BMW Group, Bosch, Continental, Mercedes Benz, Ford, General Motors, Stellantis, Toyota and the Volkswagen Group.

Tata Technologies Collaborates with the Chhattisgarh Govt to Transform ITIs into Industry 4.0 Technology Centres

Tata Technologies has signed a Memorandum of Agreement (MoA) with the Government of Chhattisgarh to transform 36 government ITIs into modern technology centres leveraging its global partner network and manufacturing domain knowledge.

Tata Technologies, a global engineering and product development digital services company, announced that it has signed a 10-year Memorandum of Agreement (MoA) with the government of Chhattisgarh to modernize 36 government-owned ITIs in the state with a total project cost of INR 1188.36 Crores. This collaboration is an extension of Tata Technologies efforts to support projects of high social impact and complement the nation-building efforts of the Government. The upgraded ITIs will serve as skill incubation centres, strengthening the technical proficiency of students and potential employers. We believe that by training a workforce that is not only highly skilled on Industry 4.0 tools & technologies but also primed for faster industry deployment, these centres will stimulate the economic progression and holistic development of the state.

The Chhattisgarh government has launched various skill development initiatives to empower its diverse workforce and enable the state manufacturing and Micro, Small and Medium Enterprises (MSME) industry. This includes schemes like Kaushal Vikas Yojana for training youth on healthcare, agriculture, manufacturing, and services as well as Skill-on-Wheels for remote area training. The state government's initiatives of Suraji Gaon Yojana, aiming to establish Gauthans, are becoming centers of employment in the agriculture and animal husbandry sectors. We believe that this collaboration between Tata Technologies and Chhattisgarh government will strengthen the government’s effort towards upskilling youth on some of the latest technologies as well as attract investments from businesses desirous of adoption Industry 4.0 manufacturing practices.

Tata Technologies is collaborating with 20 global industry partners to upgrade the ITIs which will offer six new trades and 23 new short-term courses that cater to Industry 4.0 demands. The upgraded ITIs will train over 10,000 students annually at full capacity. It will facilitate upskilling in sectors related to Industry 4.0, Product Design & Development, Product Verification and Virtual analysis, Design for Artisans and Handicrafts, Additive manufacturing (3D printing), Modern Automotive Maintenance Repair and Overhaul, Battery Electric Vehicle Training, IoT and Digital Instrumentation, Process Control and Automation with HMI, PLC SCADA, Advanced Manufacturing and Prototyping, Industrial Robotics with arc welding, AI-based Virtual Welding & Painting, Advanced Plumbing, Digital Meters, Agriculture and Horticulture, and much more.

MoA Ceremony

The MOA signing ceremony was graced by the Hon’ble Chief Minister of Chhattisgarh, Shri Bhupesh Baghel along with other dignitaries from Chhattisgarh Government and Leadership team of Tata Technologies.

Sharing his thoughts on the collaboration, the Honourable Chief Minister of Chhattisgarh, Shri Bhupesh Baghel, said, "We are determined to nurture the potential of Chhattisgarh's youth, to accelerate the state's industrial growth and economic advancement. Our strategic collaboration with Tata Technologies will empower the youth, arming them with a comprehensive understanding of Industry 4.0 technologies and enhancing their employability while also bolstering the state's industrial landscape through the provision of adept, ready-to-serve human capital."

Commenting on the collaboration, Mr. Warren Harris, CEO & Managing Director, Tata Technologies, said, "We are delighted to extend our collaborative efforts in upskilling the youth by collaborating with the Government of Chhattisgarh. The significant step towards upskilling the young engineers with Industry 4.0 technology, aligns with our vision of engineering a better world, which includes a better future for the youth at Chhattisgarh.”

Speaking at the occasion, Dr Alok Shukla, Principal Secretary, Technical Education, Chhattisgarh, said, "Our collaboration with Tata Technologies to upgrade ITIs focuses on aligning the education, knowledge, and skills of young individuals with demands of Industry at Chhattisgarh. Equipping them with the latest technologies will bridge the gap between demand and supply of skilled workforce thereby creating more job opportunities and encouraging the youth to build their careers in the state. This will also establish the state as a coveted investment destination for industries looking to embrace Industry 4.0 and smart technologies for their manufacturing processes.”

Commenting on the collaboration, Mr. Pawan Bhageria – President, Global HR, IT Admin and Education, Tata Technologies, said, "We are excited to join hands with the Government of Chhattisgarh in this collaboration towards empowering the youth with skills for Industry 4.0. We are leveraging our product engineering expertise and manufacturing domain knowledge to deliver an industry-ready courseware and training platform that we believe will create a new era of digital skill development, offering a brighter future for the youth of Chhattisgarh.”

About Tata Technologies:  Its a global product engineering and digital services company focused on fulfilling our mission of helping the world drive, fly, build, and farm by enabling our customers to realize better products and deliver better experiences. We are the strategic engineering partner businesses turn to when they aspire to be better. Manufacturing companies rely on us 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. 

Tata Technologies Launches InnoVent - An innovation Platform for Young Engineering Students

The Innovation contest Invites project entries from engineering students In India, including women engineers and specially abled team members to address real-life challenges faced by the manufacturing Industry

Tata Technologies, a global engineering and product development digital services company, announced the launch of Tata Technologies InnoVent, an innovation platform that provides young engineering students in India with an opportunity to showcase their creativity and innovate solutions that address the challenges being faced by the manufacturing industry.

We believe that Tata Technologies vision of engineering a better world embodies a commitment to innovating solutions that helps manufacturing companies conceive, design, develop and deliver better products. As a global organization, we leverage the collective expertise of diverse teams across the world, collaborating in real-time to address complex engineering challenges faced by our clients. With the launch of InnoVent, we aim to expand our innovation network, inspiring the next generation of engineers to Innovate solutions for the future.

InnoVent invites 3rd and 4th year engineering students across India to participate in this competition by proposing innovative projects that address real-world problems. These projects can span a variety of areas, including electric vehicles, autonomous vehicles, cybersecurity, data and Artificial Intelligence (AI) engineering, smart manufacturing, and the Internet of Things (IoT). Tata Technologies will empower the shortlisted project team/s with the innovation tools and technologies. Tata Technologies Subject Matter Experts (SMEs) will mentor and guide the top-performing project team/s. Projects will be assessed on diversity, novelty, feasibility, and impact, with a special emphasis on encouraging participation from women engineers and team members with special abilities. The top three winning teams may receive a cumulative cash prize worth INR 4.5 Lacs, and the members will be offered a paid internship with Tata Technologies. More details of the InnoVent program are available at https://www.tatatechnologies.com/innovent/ and the last date of project submission Is 31st August 2023.

Speaking on the launch of Tata Technologies InnoVent, Mr Warren Harris, MD and CEO Tata Technologies, said, "We believe that Tata Technologies InnoVent reflects our commitment to engineering a better world for our youth by collaborating with academia and empowering young innovators with a platform to learn, exhibit creativity, and develop novel solutions. As part of the program, we have identified real world challenges that are being faced by the manufacturing Industry and I am looking forward to receiving Innovative project entries that we can mentor and incubate."

Expressing his views on the launch of Tata Technologies InnoVent, Mr. Santosh Singh, EVP & Global Head Marketing and Business Excellence, Tata Technologies, said,” Tata Technologies Innovation approach is underpinned by a can-do attitude, a value that propels us at Tata Technologies to question existing frameworks, innovate new solutions, and address our customers' business challenges. Through InnoVent, we want to provide a platform that encourages young engineering students in India to come up with creative solutions leveraging the latest technology to address the challenges being faced by the manufacturing industry. We plan to mentor and support shortlisted team/s and recognize team/s that demonstrate a can-do attitude and a novel scalable innovation. I am specifically looking forward to the participation of women innovators and specially abled team members”.

About Tata Technologies:

Tata Technologies is a global product engineering and digital services company focused on fulfilling our mission of helping the world drive, fly, build, and farm by enabling our customers to realize better products and deliver better experiences. Tata Technologies is the strategic engineering partner businesses turn to when they aspire to be better. Manufacturing companies rely on us 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. 

Disclaimer

“Tata Technologies Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a draft red herring prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the website of the SEBI at www.sebi.gov.in as well as on the websites of the book running lead managers JM Financial Limited at www.jmfl.com, Citigroup Global Markets India Private Limited at www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm, BofA Securities India Limited at www.ml-india.com, the website of the National Stock Exchange of India Limited at www.nseindia.com and the website of the BSE Limited at www.bseindia.com, respectively. Investors should note that investment in equity shares involves a high degree of risk. For details, potential investors should refer to the red herring prospectus (“RHP’”) which may be filed with the Registrar of Companies, Maharashtra at Pune (“RoC”), in future, including the section titled “Risk Factors.” Potential investors should not rely on the DRHP filed with SEBI in making any investment decision.”

Tata Technologies and TiHAN-IIT Hyderabad Collaborate on Software Defined Vehicles (SDVs) and Advanced Driver Assistance Systems (ADAS)

Tata Technologies, a global engineering and product development digital services company, has signed a Memorandum of Understanding (MoU) today with TiHAN, IIT Hyderabad, to collaborate in the areas of Software Defined Vehicles (SDV) and Advanced Driver Assistance Systems (ADAS). As Automotive companies strive to develop SDVs with autonomous technologies, they look for innovative solutions and accelerators that help them reduce technology incubation time and cost. Tata Technologies and TiHAN will collaborate towards solutions that address these specific challenges being faced by companies in developing SDVs that incorporate the latest technologies. The collaboration will specifically focus on:

• Development of platform/s and Proofs of Concept (POC) that optimize product development timelines.
• Enabling upskilling and hands-on training for Tata Technologies engineers at TiHAN in new technology areas.

We believe that this collaborative approach to innovation will help drive the future of automotive technology and contribute to a more sustainable, connected, and technologically advanced industry.

TTL & TiHAN-IITH Team during Signing Ceremony

Reflecting on the collaboration with IIT Hyderabad TiHAN, Mr Warren Harris, MD, and CEO of Tata Technologies, said, "We believe that automotive companies rely on Tata Technologies to address their product development challenges and enable them to conceptualize, develop and realize better products that are safer, cleaner, and connected. Through this collaboration with TiHAN, IIT Hyderabad, we aim to collaborate and support innovations in the area of SDVs and associated technologies that help automotive manufacturers develop and manufacture great products. We will leverage our 25+ years of automotive domain knowledge and access to customers across the globe to help TiHAN-IIT Hyderabad develop a comprehensive set of solutions and accelerators for the automotive industry and upskill engineers on emerging technologies.”

Prof B S Murty, Director, IIT Hyderabad, expressed his congratulations to both TiHAN-IITH and Tata Technologies on their collaboration. “He emphasized the potential for significant innovation in the automotive industry that can result from this collaboration. Prof Murty also highlighted the TiHAN Testbed, a state-of-the-art facility and the first-of-its-kind in the nation, which is a dedicated facility for testing and validating a wide range of use cases of autonomous vehicles. He expressed his confidence that this collaboration will propel the progress of innovative solutions for autonomous navigation with potential global impact.”

Mr Sriram Lakshminarayanan, President & Chief Technical Officer of Tata Technologies, expressed his enthusiasm for the collaboration, stating, "We can leverage our collective expertise and resources to explore use cases for SDV by adopting modern System on Chip (SoCs), Artificial Intelligence (AI), Machine Learning (ML), Over the Air (OTA) frameworks, and Connected technologies within the realm of Software Defined Vehicles. We believe that this collaboration will support the creation of solutions in SDVs, reaffirming our commitment to advancing the industry towards a technologically advanced future."

Prof P Rajalakshmi, Project Director, Dept. of Electrical Engineering at IIT Hyderabad, stated, "TiHAN at IITH has been established to focus on the research and development of autonomous & intelligent navigation systems. We believe that the collaboration with Tata Technologies is set to create valuable collaborative research focusing on innovative smart mobility solutions such as ADAS and SDVs.”

About IIT Hyderabad:

Indian Institute of Technology Hyderabad (IITH) is one of the eight new IITs established by the Government of India in 2008. In a short span of 15 years, the institute has become a top-ranker. It has 300+ full-time faculty, ~4,200 students, 18 Departments + Centre for Interdisciplinary Programs, nearly 200+ state-of-the-art laboratories, and five research and entrepreneurship centres. The institute has a strong research focus with approx. Rs ~700 crores of sanctioned research funding, with PG+PhD students accounting for about 60% of total student strength. IITH has more than 8700+ research publications with 1,30,000+ Citations, 190+ Published Patents, 2,000+ sponsored/consultancy projects with 500+ running projects, and about 125+ startups that have generated 1000+ jobs and a revenue of Rs. 800+ Cr. 
To know more, please visit https://www.iith.ac.in/

You can view all press releases/ notes from IIT Hyderabad at: https://pr.iith.ac.in/pressrelease.html

About TiHAN-IITH

Department of Science and Technology (DST), under National Mission on Interdisciplinary Cyber-Physical Systems (NM-ICPS), has sanctioned the prestigious Technology Innovation Hub (TIH) in the technology vertical of Autonomous Navigation and Data Acquisition Systems (UAVs, ROVs, etc.).

Technology Innovation Hub on Autonomous Navigation (TiHAN) at IITH is a multi-departmental initiative, including researchers from Electrical Engineering, Computer Science and Engineering, Mechanical and Aerospace Engineering, Civil Engineering, Mathematics, Design, Entrepreneurship at IITH with collaboration and support from reputed institutions and industry. A first-of-its-kind integrated testbed on Autonomous Navigations (Aerial/Terrestrial) on the IITH campus was setup, which has state-of-the-art facilities such as Proving Grounds, Test tracks, Mechanical integration facilities like Hangers, Ground control stations, State of the art Simulation tools (SIL, MIL, HIL, VIL), Test tracks/circuits, Road Infra – Smart Poles, signalized & unsignalized Intersections, Environment Emulators like Rainfall Simulators, V2X Communications, Drone Runways & Landing area, Control Test center. TiHAN-IITH is envisaged as the destination for collaborative research for next-generation mobility solutions between academia, industry, and R&D Labs, both national and international. Follow us on Instagram, LinkedIn, Twitter, and Facebook for the latest updates.

To know more, please visit: https://www.tihan.iith.ac.in/

About Tata Technologies:

Tata Technologies is a global product engineering and digital services company focused on fulfilling our mission of helping the world drive, fly, build, and farm by enabling our customers to realize better products and deliver better experiences. Tata Technologies is the strategic engineering partner businesses turn to when they aspire to be better. Manufacturing companies rely on us 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. For more, visit us at https://www.tatatechnologies.com/in or learn more here. Follow us on Instagram, LinkedIn, Twitter, Facebook and YouTube for the latest updates. 

Disclaimer

“Tata Technologies Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a draft red herring prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the website of the SEBI at www.sebi.gov.in as well as on the websites of the book running lead managers JM Financial Limited at www.jmfl.com, Citigroup Global Markets India Private Limited at www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm, BofA Securities India Limited at www.ml-india.com, the website of the National Stock Exchange of India Limited at www.nseindia.com and the website of the BSE Limited at www.bseindia.com, respectively. Investors should note that investment in equity shares involves a high degree of risk. For details, potential investors should refer to the red herring prospectus (“RHP’”) which may be filed with the Registrar of Companies, Maharashtra at Pune (“RoC”), in future, including the section titled “Risk Factors”. Potential investors should not rely on the DRHP filed with SEBI in making any investment decision.”

Tata Technologies Invests in an Innovation Centre in France to Accentuate Product Engineering and Digital Transformation for the Aerospace and Defence Sector

Company will focus on developing a local ecosystem of diverse and skilled innovators that will develop and deliver solutions for the global aerospace & defence companies.

Tata Technologies, a global product engineering and digital services company, inaugurated its innovation centre in Toulouse, France, to cater for the new-age product engineering & digital requirements of the global aerospace and defence sector. As a strategic supplier for Airbus, Tata Technologies brings 3-decades long engineering expertise, having worked with global aerospace customers on a wide range of strategic projects across product engineering, manufacturing engineering and customer services engineering areas. This new centre in Toulouse celebrates the larger Tata Group's commitment to the aerospace & defence sector.

The new centre aims at strengthening Tata Technologies’ relationship with Airbus as an engineering partner and expand its horizon in the industry by leveraging its innovative sustainable solutions for product engineering, manufacturing engineering, customer services engineering, predictive maintenance, tool design, data analytics, factory automation, process design and simulations. These end-to-end solutions are designed to transform digital customer journeys into seamless customer experiences.

Speaking on occasion, Mr Deepanshu Khurana. Second Secretary (Economic & Commerce), Embassy of India said, " I am delighted to be part of the Tata Technologies Aerospace & Defence innovation centre inauguration event which would further strengthen the relationship between India and France. As part of the Tata group, Tata Technologies brings in three decades of product engineering and digital transformation expertise that would provide great potential to the companies in this region. This new centre will provide growth opportunities and foster talent in Toulouse. It will also strengthen the economic ecosystem of the region. This is consistent with the growing economic cooperation between India and France and increasing investments from India into France in important high-quality areas."

Speaking on occasion, Mr Warren Harris, Managing Director, and CEO of Tata Technologies said, "We are excited about the potential of the new innovation centre that we inaugurated in Toulouse, the primary aviation hub of Europe today. This new centre is designed to innovate solutions for Airbus and other Global OEMs leveraging skills of the local talent pool and knowledge of our global team/s spread across the world. We believe that creating a local ecosystem that is diverse, knowledgeable and skilled for our customers in the market will boost our strategic alliance and help us develop better products efficiently."

Tata Technologies leverages its global engineering engagement model to deliver fast and optimized solutions for engineering analysis and modelling, continuous engineering support, cabin interior design and development, passenger-to-freighter conversion, tooling, maintenance, repair, and overhaul (MRO).

About Tata Technologies: We're a global product engineering and digital services company focused on fulfilling our mission of helping the world drive, fly, build, and farm by enabling our customers to realize better products and deliver better experiences. We’re the strategic engineering partner businesses turn to when they aspire to be better. Manufacturing companies rely on us 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. For more, visit us at https://www.tatatechnologies.com/ 

Follow us on Instagram, LinkedIn, Twitter, Facebook and YouTube for the latest updates.

Ajnalens and Tata Technologies Redefine the Future of Industrial Training, Virtually ‘Teleport’ Trainees to Job Sites

A trainee using AjnaXR Station for spray painting simulation

Largest implementation of a VR based trade skilling simulator in the world - Upgraded 150 ITIs across Karnataka

Introducing AjnaXR Station, Phygital (Physical + Digital) VR training solution for skill development

Taking a giant leap to bridge the demand for skilled workforce, AjnaLens, Mumbai-based XR hardware and software company, joined hands with Tata Technologies to digitize 150 ITIs in Karnataka. The initiative equips ITIs with AjnaXR stations, the VR-based Phygital Training Simulator that provides immersive skill training to drive performance and reduce training cost. The Karnataka ITI Upgrade into Industry 4.0 aims to upskill more than 9,000 students this year as part of this initiative. By far, this is the largest implementation of a VR based trade skilling simulator in the world.

AjnaXR Station is a made-in-India, highly scalable VR training simulator for Industrial trainings

• One-stop solution for diverse set of trainings
• Virtually teleports trainee to an actual job site/paint shop/welding workshop
• Unlimited practice on industry-graded tools to build muscle memory
• Multilingual training that gives immediate ROI

Performance assessment report of the activity

"Skilling will drive India through the Industrial Revolution 4.0. Enabling and empowering the grassroots is pivotal to bridge the skill gap. AjnaLens has successfully transformed the ITIs in Karnataka and is ready to create more ripples by cascading the impact to other states of India. It is a well-equipped workforce that will truly harbour India’s future and meet the growing demand of the industry.” says Sushil Kumar, Global Head, Govt Projects & Skill Development at Tata Technologies.

AjnaLens has been working towards creating a tangible impact in the training sector with their innovative ideas backed by cutting-edge technology.

Abhijit Patil, Co-founder & COO, AjnaLens says, “Collaboration is key to bringing an inclusive and lasting change. We thank Tata Technologies for making us a part of this impactful initiative. Aligned with our vision of Make in India and creating a positive impact at the grassroots, this partnership is a key milestone towards upskilling the current and future workforce of India. Combining immersive virtual experience with the actual industry-graded tools paves the most effective and sustainable way to make India’s youth job-ready. Going forward, we plan to multiply the impact by expanding the training module across other states.”

AjnaXR Station is a scalable VR training solution which is manufactured and assembled in India. Each station is equipped to provide training across multiple modules by representing the real world in the virtual world, making training effective and engaging while reducing the training time and cost.

"Upgrading the skilling ecosystem of the country, AjnaXR station provides scalable, data-driven training to the youth.  While we are progressing on multiple development indices, the rate of unemployment and skill gap in India is glaring. Our goal is to encourage youth to gain hands-on experience and help them increase their earning potential by becoming employable.” he adds.

Enabling the trainees to practice the skills for long hours, the company has built one of the world’s most lightweight VR Glasses which weigh only 153 gms, as compared to the popular international brands which weigh around 500 gms. In order to help students build muscle memory, AnjaLens has built an innovative tracking system to track real-life tools in the virtual environment, making the product highly scalable for training.

The initiative will empower youth at the grassroots by exposing them to upskilling opportunities which AjnaXR Station brings to their nearest ITI. The impact-driven startup, AjnaLens, has successfully created direct and indirect employment for students, especially for female ITI students by engaging them to assemble and deliver 300 units of AjnaXR Station. The trained students play the role of peer-facilitators, encouraging more students to join and create scalable impact by bridging the skill gap.

AjnaLens is trusted by prominent clients including the Indian Army, Navy, Ministry of Defence, DRDO, Government of Maharashtra, Vedanta and supported by Forge Accelerator, a leading startup incubator, through every stage of its journey.

About Ajnalens - 

Named after ‘Ajna’, the sixth chakra or the third eye which activates ‘intuitive vision’, AjnaLens is a Mumbai-based company making immersive augmented, virtual and mixed reality devices and software solutions for Defence, Enterprise and Skilling sectors. It is the first and only XR hardware OEM to manufacture AR/VR glasses in India.

The impact-driven startup is on a mission to unlock human potential by empowering them with augmented intelligence. In November 2014 at IIT Bombay, AjnaLens was established with a purpose to foster inclusive development in society by empowering people at the grassroots with the right tool for this decade - a ‘holographic computer’. It empowers and enables humans into perceiving and doing what is beyond their capabilities by seamlessly connecting the digital world with reality.

AjnaLens is currently helping India’s government and fortune 500 companies in their digital transformation journey by providing end-to-end solutions such as Enterprise Metaverse, VR training simulators, AR-based remote assistance, Digital twin as well as providing indigenous defence solutions like see-through armour to Indian Defence forces.

AjnaLens has filed 15+ National and International patents in augmented reality and allied fields. The company has won accolades like the Most promising startup by ECLINA Defennovation for cutting-edge innovations. AjnaLens is a growing family of 50 people, inviting bright minds to join their vision.