L&T Technology Services and Thyssenkrupp Forge Strategic Partnership in Pune
In a significant development for the engineering and technology services sector, L&T Technology Services Limited (LTTS) and thyssenkrupp Steering Business Unit have announced a strategic partnership to establish a global software hub in Pune, India. This collaboration is poised to enhance the capabilities of both companies in delivering modern automotive software solutions.
The new software development center, to be managed by LTTS, underscores the company’s expertise in its Mobility segment, which focuses on developing safety-critical software for advanced steering technologies. This initiative aligns with thyssenkrupp’s global engineering expansion, reinforcing its position as a leader in steering systems.
Key Highlights of the Partnership:
Strategic Location: The software hub will be located in Pune, India, leveraging the region’s robust talent pool and technological infrastructure.
Focus on Safety-Critical Software: The facility will concentrate on developing software essential for advanced steering technologies, a critical component in modern automotive systems.
Global Impact: This partnership is expected to drive innovation and deliver next-generation steering solutions to thyssenkrupp’s global customer base.
Leadership Endorsement: Patrick Vith, CEO of thyssenkrupp Steering, and Rajkumar Ravindranathan, Chief Business Officer EMEA RoW at LTTS, have expressed their enthusiasm for the collaboration, highlighting its potential to solidify LTTS’s reputation in engineering intelligent and sustainable mobility.
Richard Hirschmann, Senior Vice-President of R&D at thyssenkrupp Steering, emphasized the strategic importance of this center in expanding their software capabilities in India, stating, “This centre will play a crucial role in driving innovation and delivering next-generation steering solutions to our global customers.”
Market Context:
As of June 26, 2025, LTTS’s close price stood at INR 4,385.6, reflecting a recovery from its 52-week low of INR 3,966 on April 6, 2025. The company’s strategic initiatives, such as this partnership, are likely to bolster investor confidence and contribute to its growth trajectory.
Conclusion:
This strategic partnership between LTTS and thyssenkrupp Steering marks a significant milestone in the automotive software development landscape. By establishing a state-of-the-art software hub in Pune, both companies are set to enhance their global engineering capabilities, driving innovation and delivering cutting-edge solutions to their customers worldwide. This collaboration not only strengthens LTTS’s position in the Mobility segment but also reinforces thyssenkrupp’s commitment to advancing steering technology on a global scale.