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General Motors and Tata Consultancy Services Launch New Partnership in Global Vehicle Engineering

Posted On: 2019-09-16 17:50:03


General Motors (GM) and Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, today announced a new partnership in future global vehicle engineering. This builds on the 16-year long relationship between the two companies.

Under the terms of the agreement signed earlier today, TCS will acquire certain assets at the GM Technical Center - India (GMTC-I), in Bengaluru, and will partner with GM, supporting its global vehicle programs with engineering design services over the next 5 years. Over 1,300 employees of GMTC-I will transfer to TCS, including teams focused on propulsion systems, vehicle engineering, controls development, testing, creative design and special projects.

GM vice president electrification, controls, software & electronics, Dan Nicholson said: "TCS has been an outstanding partner for 16 years. We are pleased to evolve our partnership even further, as we work to deliver on our commitment to create a world with zero crashes, zero emissions and zero congestion."

"We are delighted to elevate our long-standing relationship with GM to a strategic partnership. TCS is excited to be part of GM's efforts in next generation mobility, helping them design and engineer world class vehicles that set new benchmarks in driving experience, safety and emissions," said Regu Ayyaswamy, Global Head, Engineering and Industrial Services Practice, TCS. "We welcome GMTC-I's immensely talented engineers into the TCS family, and encourage them to take advantage of the vast learning and growth opportunities available, and to realize their potential."

"Next generation automotive R&D is a key focus area for TCS, given the criticality of product innovation and connectedness in the Business 4.0™ world. This new paftnership with General Motors is a testament to our willingness to invest in the relationship for the longer term," said Susheel Vasudevan, Global Head, Manufacturing Business Group, TCS.

GMTC-I vice president engineering and operations, Brian McMurray said the design and engineering center in Bengaluru had contributed to a number of innovations in GM's global vehicle poftfolio over many years.

"As a result of our new partnership, the design and engineering teams in Bengaluru will continue to play an important role in GM's core business. This partnership will make both companies stronger: GM will benefit from the scale and cross-sectoral knowledge of TCS, while TCS will benefit from the influx of world-class engineering talent."

The transaction and handover are expected to be completed by the end of September.

Established in 2004 in Bengaluru, GMTC-I contributes to GM's global programs, across propulsion systems, vehicle engineering, controls development, testing, creative design and special projects. It houses a design studio and an engineering center with state-of-the-art, inhouse electronics hardware and software testing and validation infrastructure.

Shares of TATA CONSULTANCY SERVICES LTD. was last trading in BSE at Rs.2149.15 as compared to the previous close of Rs. 2141.35. The total number of shares traded during the day was 96788 in over 7044 trades.

The stock hit an intraday high of Rs. 2173.5 and intraday low of 2127.3. The net turnover during the day was Rs. 208268674.


Source: Equity Bulls

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