This Tata Group Company and BMW Establish BMW TechWorks India – A Joint Venture to Drive Automotive Software and Business IT Innovations!
BMW TechWorks India will focus on developing next-gen automotive software solutions and digital innovations.
Tata Technologies, a global leader in product engineering and digital services, has partnered with BMW Group to launch a joint venture, BMW TechWorks India. This new venture marks a significant collaboration between the two companies, each holding a 50 per cent stake. BMW TechWorks India will focus on developing next-gen automotive software solutions and digital innovations.
The joint venture, based in key tech hubs such as Pune, Bengaluru, and Chennai, will initially start with 100 employees, targeting rapid growth to a four-digit workforce by the end of 2025. The collaboration aims to harness India’s top engineering talent, emphasizing the "Engineer in India for the World" ethos.
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BMW TechWorks India will play a vital role in enhancing BMW Group's global strategy by providing seamless, scalable software for next-generation vehicles. Tata Technologies will leverage its expertise in product engineering and turnkey SDV (Software-Defined Vehicles) development to drive key software projects for BMW’s future mobility solutions.
Additionally, the joint venture will accelerate BMW Group’s digital transformation by focusing on AI applications and digital solutions for business IT, customer journeys, and sales processes. This collaboration positions India as a global innovation hub, offering young professionals the opportunity to work on breakthrough technologies shaping the future of mobility.
Currently, the company’s shares are trading at around Rs 1059.90 and the current market capitalization stands at Rs 42,996 crore. Additionally, the company’s shares have delivered a multibagger returns of over 110 per cent compared to final IPO price of Rs 500 each.
As per the Quarterly Results, in the Q1 FY25, Tata Technologies recorded a revenue of Rs 1269 crore compared to Rs 1258 crore. It reported an operating profit of Rs 231 crore. The net profit stood at Rs 162 crore compared to Rs 192 crore
Both the FIIs and DIIs increased their stakes in the company in June 2024.
Disclaimer: The article is for informational purposes only and not investment advice.