BMW and India's Tata Technologies to set up JV for developing software

BMW and India's Tata Technologies to set up JV for developing software

Image from BMW Thailand's website

BMW Group and Tata Technologies will form a joint venture for the development of software for the German luxury automaker, the Indian engineering services company said on Tuesday.

The venture will develop automotive software for automated driving and the dashboard system among other features, it said, but didn’t disclose any financial details of the agreement.

Tata Technologies and the BMW Group will each hold a 50% stake in the newly-formed company, it added.

Tata Technologies, the unit of carmaker Tata Motors TAMO.NS, provides engineering and technology services to auto, aero and heavy machinery makers.

Reuters

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