Latest news with #PLM
Economic Times
4 days ago
- Automotive
- Economic Times
Tata Technologies shares rise 2% after Volvo Cars picks firm as strategic engineering supplier
Tired of too many ads? Remove Ads Stock performance and technical Tired of too many ads? Remove Ads Q4 snapshot Shares of Tata Technologies climbed as much as 2% on Thursday to Rs 746.10 on the BSE after the company announced it had been selected as a strategic supplier by Swedish carmaker Volvo Cars, a move seen as deepening the engineering services firm's presence in the global automotive a press release dated June 19, Tata Technologies said the collaboration will span core areas including product engineering, vehicle system and component engineering, embedded software, and Product Lifecycle Management (PLM) company said the services will be delivered from key hubs in Sweden, India, Romania, and Poland. 'We are delighted by the trust that Volvo Cars has shown in our capabilities by providing newer opportunities to collaborate and scale our relationship,' said Warren Harris, CEO and MD of Tata Technologies. 'It demonstrates our commitment to delivering top-tier solutions in automotive software and digital engineering to customers worldwide.'Volvo Cars, known for its presence in automotive safety and sustainable mobility, is pushing forward on its electrification and software-defined vehicle ambitions. The partnership, Tata Technologies said, 'enhances Volvo Cars' global engineering capacity, tapping into Tata Technologies' deep domain expertise, scalable delivery models, and proven excellence in automotive transformation.' Tata Technologies shares remain down 6.3% over the past week and have lost about 2% in the last month. The stock has declined 28.5% over the past year, though it has risen 13.55% in the last three a technical standpoint, the stock is currently trading below six of its eight key simple moving averages, including the 5-day, 10-day, 20-day, 30-day, 150-day, and 200-day SMAs. It remains above its 50-day and 100-day Relative Strength Index (RSI) stands at 44.2, suggesting the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) is at 7.5, staying above its center line but below the signal Technologies posted a 20% year-on-year increase in consolidated net profit for the March quarter at Rs 189 crore, compared with Rs 157 crore in the same period last year. However, quarterly revenue declined 1.2% to Rs 1,286 crore from Rs 1,301 crore in the year-ago a sequential basis, the company reported a 12% rise in profit from Rs 169 crore in Q3FY25, even as topline dropped 2.4% from Rs 1,317 crore in the preceding quarter. Quarterly expenses were tightly managed, falling to Rs 1,088 crore from Rs 1,119 crore in Q3 and Rs 1,094 crore a year ago, helping support the bottom board also approved a final dividend of Rs 8.35 per share and a one-time special dividend of Rs 3.35, taking the total payout to Rs 11.70 per share for FY25.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Business Upturn
4 days ago
- Automotive
- Business Upturn
Tata Technologies named strategic supplier by Volvo Cars for global engineering solutions
Tata Technologies has been selected as a strategic supplier by Volvo Cars. This collaboration marks a significant milestone in Tata Technologies' ongoing commitment to engineering a software-defined future with innovative, sustainable, and intelligent solutions for the automotive sector. Volvo Cars, a pioneer in automotive safety and sustainability, is transforming the future of mobility through electrification, software-defined vehicle (SDV) platforms, and smart in-car technologies. The company has set ambitious goals for sustainable growth, aiming to offer consumers mobility solutions that are safe, personal, and environmentally responsible. The expanded partnership with Tata Technologies strengthens a long-standing relationship between the two companies. Tata Technologies will play a crucial role in supporting Volvo Cars' transformation through end-to-end product engineering, embedded software solutions, and Product Lifecycle Management (PLM) services. Tata Technologies will deliver these services from its global network of delivery centers, including its Automotive Centre of Excellence in Gothenburg, Sweden, as well as key locations in India, Romania, and Poland. This global presence allows Tata Technologies to offer scalable and agile engineering support aligned with Volvo Cars' strategic priorities. Through this collaboration, Volvo Cars will benefit from Tata Technologies' deep domain expertise, advanced digital capabilities, and a proven track record in automotive transformation. The partnership is expected to enhance Volvo Cars' global engineering capacity and accelerate its journey towards next-generation, software-defined electric vehicles. This strategic engagement reinforces Tata Technologies' position as a trusted partner for global automotive OEMs and underlines its vision of driving innovation in a rapidly evolving mobility ecosystem. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Yahoo
5 days ago
- Business
- Yahoo
Jotne Connect Establishes AI Unit to Accelerate Standards-Based Interoperability in Digital Twins, MBSE, and PLM
OSLO, Norway, June 18, 2025 /PRNewswire/ -- Jotne Connect, a subsidiary of the Jotne Group and a global leader in standards-based engineering data solutions, is proud to announce the launch of a new Artificial Intelligence (AI) unit to drive next-generation innovation in Model-Based Systems Engineering (MBSE), Product Lifecycle Management (PLM), and Digital Twin. The division will be led by renowned academic and industrial researcher Dr. Aditya Gupta, bringing strategic insight and deep domain expertise to this initiative. With over three decades of experience delivering robust interoperability solutions based on international standards like ISO 10303 (STEP), Jotne Connect is trusted by aeronautics, space, defence and manufacturing leaders for long-term archiving, data traceability, and digital continuity. The company's software platforms enable organizations to manage complex engineering data from concept through decommissioning-supporting a full digital thread. Revolutionizing PLM and Digital Twin The AI unit will also embed intelligence into Jotne Connect's PLM and SDM solutions by enabling: Automated classification, search, and reuse of engineering and simulation assets AI driven LLM models for intuitive querying and analysis of complex data Predictive maintenance based on structured operational, simulated or generated data Dynamic linking of design, requirements, and analysis data across the lifecycle AI-powered validation and verification pipelines that reduce errors and improve compliance Advancing MBSE Through AI and Open Standards MBSE is transforming how complex systems are designed, validated, and maintained. Jotne Connect's new AI unit will enhance MBSE practices by: Integrating semantic reasoning and machine learning into model-based design environments Supporting cross-domain engineering models (mechanical, electrical, software) with consistent data semantics Enabling continuous model improvement and its deployment through intelligent model validation, impact analysis, and requirements traceability. Leveraging ISO 10303-based data structures for persistent, federated model access These capabilities will strengthen the digital engineering foundation needed for future aerospace systems, smart infrastructure, and sustainable industrial ecosystems. By combining AI with open standards, Jotne Connect empowers engineers to make faster, more informed decisions while ensuring long-term interoperability and data integrity. Expanding the Use of ISO 10303 Already a leader in the implementation of ISO 10303 (STEP), Jotne Connect will now push the boundaries of the standard's applicability into: Digital twin integration with real-time data feedback loops Autonomous system development, where multidomain data integration is critical Federated MBSE/PLM environments, enabling collaborative engineering across supply chains Smart manufacturing diagnostics and IIoT data contextualization Detection of irregularities in multidomain data through AI modeling. "We believe the future of digital engineering lies at the intersection of open standards and intelligent technologies," said Vilde Marie Sørensen, CEO of Jotne Connect. "By bringing AI into the core of MBSE, PLM, and SDM workflows, we are not only enhancing engineering productivity but also enabling long-term, interoperable digital ecosystems. We are thrilled to have Dr. Aditya Gupta leading this transformative journey." About Jotne Connect Jotne Connect is a Norwegian technology company delivering advanced, standards-based software for data interoperability, model-based engineering, and digital lifecycle management. A pioneer in ISO 10303 (STEP) and trusted partner across aerospace, defence, manufacturing, and energy sectors, Jotne Connect enables secure sharing, long-term preservation, and intelligent use of complex engineering and simulation data. Media Contact:Email: mediacontact@ +47 23 17 17 00Website: This information was brought to you by Cision The following files are available for download: Press Release (PDF) View original content: SOURCE JOTNE CONNECT AS
Business Standard
04-06-2025
- Business
- Business Standard
L&T Technology Services inks pact with Tennant for sustainable product development
L&T Technology Services announced that it has signed a strategic agreement with Tennant Company, a global leader in industrial cleaning equipment, to accelerate the development of sustainable new products. As part of the collaboration, LTTS will establish a dedicated Offshore Development Center (ODC), equipped with a scalable engineering team to support Tennants initiatives in New Product Development (NPD), Product Lifecycle Management (PLM), and other core business functions. This strategic work between the two companies aims to accelerate the development of cutting-edge industrial cleaning technologies, leveraging LTTS' deep expertise in embedded systems, expertise in IoT (Internet of Things), and digital engineering to drive efficiency and sustainability. It also reflects LTTS' broader commitment to advancing its sustainability vision by fostering eco-friendly and energy-efficient engineering solutions that contribute to a greener future. The partnership aims to fast-track the development of cutting-edge industrial cleaning technologies, leveraging LTTSs strengths in embedded systems, IoT, and digital engineering to enhance efficiency and sustainability. It also aligns with LTTSs broader vision of promoting eco-friendly and energy-efficient engineering solutions, contributing to a greener future. The ODC will house a team of highly skilled engineers focused on enhancing Tennants product innovation, boosting operational performance, and integrating smart automation into its product lineup. The collaboration is expected to open new avenues for innovation in emerging markets, particularly in the Asia-Pacific region. Alind Saxena, executive director & president of mobility & tech at L&T Technology Services, stated, "As Tennant continues to redefine industrial cleaning through innovation and a strong commitment to a greener future, LTTS is proud to collaborate in advancing next-generation solutions in its Sustainability segment. By leveraging our expertise in engineering design, manufacturing, and supply chain optimization, we are committed to enabling intelligent, responsible products, enhancing efficiencies, and supporting Tennant's growth in emerging technologies to build a sustainable and responsible tomorrow." Pat Schottler, chief marketing & technology officer for Tennant Company, said, Working with LTTS enables us to harness world-class engineering capabilities and accelerate our product roadmap. Reinforcing a shared commitment to pioneering transformative solutions, the dedicated ODC will play a crucial role in driving new innovations that align with our mission to create a cleaner, safer, and healthier world. L&T Technology Services (LTTS) is a global leader in engineering and technology services. As a listed subsidiary of Larsen & Toubro (L&T), we offer design, development, testing, and maintenance services across products and processes. The company's consolidated net profit declined 8.7% to Rs 311.10 crore on a 17.5% rise in net sales to Rs 2,982.40 crore in Q4 FY25 over Q4 FY24. Shares of L&T Technology Services (LTTS) rose 0.48% to Rs 4,340.05 on the BSE.
Yahoo
03-06-2025
- Business
- Yahoo
Nine Out of Ten Organizations Say Sustainability Efforts Drive Business Success
PLM Users Report Stronger Support for Sustainability and Compliance ANDOVER, Mass., June 03, 2025--(BUSINESS WIRE)--Aras, a leader in product lifecycle management (PLM) and digital thread solutions, today announced findings from its new research report, The Future of PLM and Digital Engineering, highlighting the growing connection between sustainability efforts and business performance. According to the study, 92% of organizations say successful sustainability programs are essential to business success – an increase from 87% in 2024. The report also shows that digital maturity, particularly through PLM solutions, plays a critical role in meeting compliance demands and accelerating sustainability initiatives. "Sustainability today is about aligning regulatory compliance with operational excellence," said Roque Martin, CEO of Aras. "Organizations that embed sustainable practices into their day-to-day operations are better positioned to adapt, compete, and grow – regardless of how the requirements evolve." PLM Users Outperform in Sustainability ReadinessThe research found that 88% of PLM users believe their systems adequately support sustainability compliance – compared to only 60% of non-PLM users. These organizations are more capable of tracking product data, collaborating with suppliers, and addressing increasingly complex regulations such as the EU's Corporate Sustainability Reporting Directive (CSRD) and the Digital Product Passport. Digitally mature companies are also leading in technology adoption. Among PLM users, 87% are leveraging AI for product development – substantially higher than the 59% adoption rate among non-users. The findings reinforce that PLM has evolved beyond its engineering roots to serve as a strategic foundation for digital transformation. Data issues are holding companies backDespite this progress, many organizations still face challenges in operationalizing sustainability goals. Only 37% said their compliance initiatives are "well supported," and 18% acknowledged that their systems are inadequate. Challenges include missing or poor-quality data, disconnected tools, and lack of oversight. These aren't just technical hurdles – they represent real business risks. Without trusted data, organizations struggle to make informed decisions or future-proof their operations. With regulatory demands only increasing, now is the time for businesses to act. The research urges organizations to modernize their systems and strengthen their data foundations to stay ahead and build a lasting competitive edge. About the 2025 Global Industry Survey"The Future of Product Lifecycle Management and Digital Engineering" is a January 2025 survey based on insights from 656 executives in Europe, the US, and Japan. It examines how leading automotive, aerospace, and machinery manufacturers (revenues >$40M) are addressing AI adoption, digital thread integration, and regulatory compliance. Download the full report here. About ArasAras is a leading provider of product lifecycle management and digital thread solutions. Its technology enables the rapid delivery of flexible solutions built on a powerful digital thread backbone and a low-code development platform. Aras' platform and product lifecycle management applications connect users in all disciplines and functions to critical product data and processes across the lifecycle and throughout the extended supply chain. Visit to learn more and follow us on YouTube, X, Facebook, and LinkedIn. Copyright © 2025 by Aras Corporation and/or its affiliates. All rights reserved. Aras and Aras Innovator are registered trademarks of Aras Corporation in the United States and other countries. Third party trademarks mentioned are the property of their respective owners. View source version on Contacts Media: Jeff DrewGuyer Group for ArasP: 617.233.5109E: aras@
