LTTS Gets Contract From TRATON Group

Mumbai, July 2, 2025 – L&T Technology Services Ltd (NSE: LTTS, BSE: 540115) announced a landmark multi-year partnership with TRATON GROUP, positioning itself as a strategic engineering partner in the global transformation of TRATON’s research and development operations. This collaboration will support TRATON’s vision to create a unified, future-ready product development platform that delivers scale, speed, and sustainable mobility solutions worldwide.

Key Partnership Highlights

The collaboration falls under LTTS’ Mobility segment and will drive platform synergies, electrification, and innovation across TRATON’s international R&D hubs. The engineering services will span:

TRATON GROUP, parent to Scania, MAN, International, and Volkswagen Truck & Bus, is aiming to scale its battery-electric vehicle portfolio while achieving 2029 profitability and sustainability goals. LTTS will support this roadmap through next-generation engineering solutions that enhance speed, sustainability, and brand integration.

Executive Commentary

“Being selected by TRATON GROUP is a testament to LTTS’ leadership in next-generation Mobility engineering,” said Alind Saxena, Executive Director & President – Mobility & Tech at LTTS. With a proven track record in engineering transformation, we are excited to help TRATON achieve its ambitious goals of electrification, autonomy, and digital innovation while redefining the future of commercial mobility,” he added.

Strategic Outlook

The agreement further cements LTTS’ role in the engineering R&D transformation of global OEMs, especially in commercial mobility. LTTS will expand its presence in software-defined vehicle architecture, electrified powertrains, and autonomous mobility solutions sectors, seeing accelerated adoption globally. This partnership allows LTTS to enhance its portfolio of intelligent and sustainable mobility engineering. Thereby, it complements its focus on electrification, autonomy, and digitalization.

About TRATON GROUP

Headquartered in Germany, TRATON is one of the world’s foremost commercial vehicle manufacturers. Its offerings include trucks, buses, light commercial vehicles, spare parts, and financial services.  The company operates under the mission “Transforming Transportation Together. For a sustainable world,” reflecting its long-term commitment to sustainable impact and commercial growth.

L&T Technology Services Stock Performance

As of 11:30 AM IST, L&T Technology Services shares gained 0.32% trading at ₹4,368 on July 2, 2025. In the National Stock Exchange, L&T Technology Services shares dipped 13% in the last year, fell 7.02% in the year-to-date, and gained 0.22% in the previous month.

About L&T Technology Services

L&T Technology Services Ltd, a listed subsidiary of Larsen & Toubro (L&T), is a global leader in engineering services with over 24,250 employees across 23 design centers and 108 innovation labs worldwide. It serves 69 Fortune 500 companies across industrial, transportation, and high-tech domains.  L&T Technology Services also operates 30 global sales offices and provides end-to-end services across product design, development, testing, and maintenance for multiple verticals, including medical devices, telecom, and process industries.

REF: https://nsearchives.nseindia.com/corporate/LTTS_02072025084857_PressReleaseSigned.pdf

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