Tata Technologies has announced a strategic partnership with Arm aimed at driving innovation in software-defined vehicles (SDVs). Combining Tata Technologies` rich automotive domain expertise and software capabilities with high-performance, power-efficient Arm� Automotive Enhanced (AE) technologies, this partnership strives to reduce the development time of SDVs for automotive OEMs. The automotive industry is transforming towards SDVs, driven by the growing demand for connected, autonomous, and electric vehicles. The evolution of SDVs demands sophisticated software seamlessly integrating with hardware to enhance functionality, safety, and user experiences. As part of this strategic partnership, Tata Technologies will develop a SOAFEE reference architecture stack using the Arm AE portfolio and Arm Compute Subsystems (CSS) for Automotive, along with enabling a cloud-native development framework integrating a variety of DevSecOps and virtual platform solutions to shift-left the development of SDVs, accelerating the time to market for automakers.This partnership builds on the momentum from CES 2024 and Mobile World Congress 2024, where Tata Technologies and Arm jointly demonstrated a cloud-native reference software architecture for SDVs on Arm SoCs. These solutions were presented at Embedded World 2024 on the newly launched Arm Cortex�-A720AE in a virtualised environment, realising a shift-left strategy for safety-critical vehicle software running on heterogeneous computing systems. Powered by Capital Market - Live News

Net profit of Tata Technologies declined 15.40% to Rs 162.03 crore in the quarter ended June 2024 as against Rs 191.53 crore during the previous quarter ended June 2023. Sales rose 0.91% to Rs 1268.97 crore in the quarter ended June 2024 as against Rs 1257.53 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1268.971257.53 1 OPM %18.2119.92 - PBDT249.35276.55 -10 PBT219.64252.98 -13 NP162.03191.53 -15 Powered by Capital Market - Live News

Tata Technologies will hold a meeting of the Board of Directors of the Company on 18 July 2024.Powered by Capital Market - Live News

Tata Technologies announced, the successful deployment of SAP S/4 HANA for Mitsubishi Electric India, marking a significant milestone in Mitsubishi Electric India`s journey towards digital excellence. This strategic collaboration has been instrumental in enhancing operational efficiency and setting new benchmarks in the industry. In a concerted effort to streamline and unify its business processes, Mitsubishi Electric India approached Tata Technologies. Known for its deep manufacturing domain expertise, Tata Technologies reimagined and integrated business operations by deploying SAP S/4 HANA, leading to a remarkable 15% enhancement in operational efficiency. Considering the wide-range expansion of multiple business units, Mitsubishi Electric India aimed to migrate from the existing SAP ECC system to the advanced S/4 Hana cloud services, seamlessly integrating all business functions. The project also included incorporating digital signatures and configuring document management system servers. This intricate task had to be completed within a stringent timeframe, including the mapping of entire business processes across their business units. Leveraging its global footprint and a diverse team of experts, Tata Technologies facilitated a seamless SAP S/4 HANA implementation for Mitsubishi Electric India within an 11-month timeline, achieving a 25% reduction in the original schedule. This involved leveraging Tata Technologies` cross-functional teams for business process rationalization, and digital accelerators, such as preconfigured templates for the manufacturing industry, pre-built authorization matrix, EDI solutions, SAP MES integration connector, data migration & validation tool, and reusable automation test scripts. The project integrated multiple business units, including Factory Automation Systems, Air Conditioning Systems, and Semiconductors & Devices. It aligned with the recent operational commencement of the Factory Automation & Industrial Division`s new manufacturing facility in Talegaon, Pune. The successful S/4 HANA deployment has streamlined core processes, enhancing operational efficiency by 15%, data visibility, and agility, thereby providing a unified data source for better decision-making based on real-time information. Tata Technologies commits to delivering annual maintenance services (AMS) for the next three years to ensure continued excellence.Powered by Capital Market - Live News

Tata Technologies announced that the 30th Annual General Meeting(AGM) of the company will be held on 21 June 2024.Powered by Capital Market - Live News