L&T Technology Services bags $45 million deal from US-based automotive company
Chennai: L&T Technology Services (LTTS) said it had been awarded a deal during the third quarter worth $45 million from a US-based automotive company while announcing its quarterly results on Tuesday.
The company said it is set to be its customer’s strategic engineering partner and provide services for its electric vehicle (EV) product portfolio. In addition, three deals with TCV of $10 million-plus were also signed. Revenues from digital and such high-tech sectors stood at 56% during the quarter, the company said in a statement.
Under the terms of the five-year agreement, LTTS will mark its expansion into Eastern Europe and will work with its customer to deliver solutions leveraging its e-mobility technology competence from LTTS’ ER&D centre in Krakow, Poland.
