India, April 2 -- Tata Technologies' shares is up 7 per cent today (April 2) after it announced a joint venture with BMW Group for development of software for the German luxury automaker. Tata Technologies' shares were trading 7 per cent higher at Rs.1,123.15.

Tata Technologies said in a stock exchange filing that the joint venture will develop automotive software for automated driving and the dashboard system among other features. Both the companies will hold a 50 percent stake in the newly-formed company.

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. Ali...