L&T Technology Services and FORVIA Rev Up for Clean Mobility with €45 Million Partnership. In a significant development for the clean mobility sector, L&T Technology Services (LTTS), a leading Indian engineering and R&D services provider, has entered into a strategic €45 million partnership with FORVIA, a major automotive supplier. This five-year collaboration focuses on accelerating advancements in clean mobility engineering, while ensuring a smooth transition for

skilled professionals involved.

Approximately 300 engineers from FORVIA's facilities in Augsburg, Germany, and Bengaluru, India, have seamlessly transitioned to LTTS, marking a remarkable 95% success rate in talent integration. These teams will continue driving internal combustion engine-related engineering projects within LTTS, maintaining their operational bases to guarantee uninterrupted collaboration and support for existing customers across digital PLM initiatives.

The core objective of this partnership lies in propelling engineering development activities within FORVIA's clean mobility division. This strategic alliance not only safeguards the career paths of the transferred engineers but also empowers them with the opportunity to expand their skillsets through exposure to LTTS' diverse portfolio, preparing them for future endeavors.

Furthermore, FORVIA is committed to providing LTTS with the necessary resources for training and reskilling these engineers. By leveraging the LTTS Global Engineering Academy, these professionals will undergo strategic repositioning, aligning their expertise with various fields within LTTS' expansive commercial network over time.

This groundbreaking partnership underscores the unwavering commitment of both L&T Technology Services and FORVIA to fostering innovation and sustainability within the automotive sector. By nurturing talent and creating collaborative growth opportunities on a global scale, this alliance paves the way for a cleaner and more sustainable future for mobility solutions.

Amit Chadha, MD and CEO of L&T Technology Services, emphasized the significance of this collaboration, stating, "Our partnership with FORVIA underscores our proficiency in the transportation and automotive industry, while simultaneously reinforcing our dedication to spearheading progress in the field of traditional engine technologies and new-age digital transformation for ultra-low emissions and clean mobility."

With this €45 million partnership, L&T Technology Services and FORVIA have embarked on a transformative journey, demonstrating their commitment to revolutionizing the clean mobility landscape through collaborative innovation and talent development.