L&T Technology Services (LTTS) and FORVIA have joined forces in a strategic partnership worth approximately €45 million, focusing on engineering development activities for the Clean Mobility division. This five-year collaboration involves the transfer of around 300 engineers from FORVIA’s Augsburg and Bangalore sites to LTTS, ensuring a 95% success rate in retaining their skills and expertise.
The partnership aims to provide engineering services for FORVIA while offering career advancement opportunities for the transferred employees. LTTS will also enhance the engineers’ skillsets through exposure to its extensive portfolio and training programs. The agreement includes provisions for reskilling the engineers for potential repositioning within LTTS’ commercial network.
Amit Chadha, CEO and Managing Director of L&T Technology Services, highlighted the company’s commitment to advancing traditional engine technologies and digital transformation for ultra-low emissions and clean mobility. The partnership with FORVIA showcases LTTS’ capabilities in the transportation and automotive industry, reinforcing its position as a leader in the field.
FORVIA’s CEO, Patrick Koller, expressed confidence in the collaboration with LTTS, emphasizing their shared values of innovation and quality. The partnership is seen as a strategic move to maintain FORVIA’s leadership in the ultra-low emission sector and ensure employee interests are protected in a changing environment.
Overall, this groundbreaking partnership between LTTS and FORVIA signifies a significant step towards driving progress in the automotive industry and supporting the transition towards cleaner and more sustainable mobility solutions.