Shares of L&T Technology Services (LTTS) are drawing attention after the company announced a significant deal worth €50 million with a renowned European automotive original equipment manufacturer (OEM).
The deal is focused on developing and operating next-generation software platforms for both current and upcoming vehicle models.
As part of the deal, LTTS will also establish a development centre that will play a crucial role in the client’s global right-shoring strategy.
This strategic initiative will support the OEM in enhancing its product offerings through advanced software solutions.
LTTS secured the deal by leveraging its expertise in software-defined vehicle (SDV) development, advanced driver assistance systems (ADAS), and software-defined everything (SDe). The company’s strong capabilities in these areas were key factors in winning the contract.
Amit Chadha, CEO and MD of LTTS and NASSCOM executive council member, commented, “This deal underlines LTTS’ proven competencies in software-defined mobility and reflects our commitment to enabling transformation in the global automotive landscape. Our expertise in EV technologies, SDVs, and ADAS, complemented by our robust digital engineering capabilities, positions us to create a powerful impact for our customers, making future-ready mobility a reality.”
On April 01, 2025, L&T Technology Services share price traded 1% higher at ₹4,545.80 at 9:45 AM (IST). L&T Technology Services share price reached a 52-week high of ₹5,990, and a 52-week low of ₹4,228.00. As per BSE, the total traded volume for the stock stood at 1,909 shares with a turnover of ₹86.47 lakhs.
According to exchange data, L&T Technology Services shares are trading at a price-to-earnings (P/E) ratio of 38.95x, based on its trailing 12-month earnings per share (EPS) of ₹116.72, and a price-to-book (P/B) ratio of 9.06.
L&T Technology Services (LTTS) has secured a €50 million deal with a European automotive OEM to develop next-gen software platforms for vehicles.
The deal includes establishing a development centre to support the client’s global right-shoring strategy.
LTTS’ expertise in SDVs, ADAS, and software-defined technologies was key. LTTS shares traded 1% higher at ₹4,545.80 on March 26, 2025.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.
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Published on: Apr 1, 2025, 9:53 AM IST
Dev Sethia
Dev is a content writer with over 2 years of experience at Business Today, Times of India, and Financial Express. He has also contributed stories in Hindi for BT Bazaar and Khalsa Bandhan News Paper. A journalism postgraduate from ACJ-Bloomberg, Dev enjoys spending his spare time on the cricket pitch.
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