Tata Technologies share price rises 7% over joint venture with BMW: Top points
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...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.