Tata Communications Shares Gain On Digital Transformation Deal With Jaguar Land Rover

Tata Communications is set to deepen its digital partnership with Jaguar Land Rover (JLR) in a deal to power JLR’s global digital transformation strategy, sending shares up.

What Happened: Tata Communications plans to deploy a “digital fabric”, incorporating agile infrastructure, platforms and managed services. This initiative aims to seamlessly integrate JLR's systems, workforce, suppliers, stakeholders and customers worldwide, facilitating a smooth flow of data to enhance various aspects of the business ecosystem.

Sumeet Walia, executive vice president and chief sales & marketing officer at Tata Communications, expressed enthusiasm for reinforcing ties with JLR, renowned for its global standing in automotive luxury and innovation.

See Also: Adar Poonawalla Acquires London’s Priciest Mansion Of The Year For ₹1,466 Cr

The collaboration represents an extension of a long-standing partnership between Tata Communications and JLR, which is owned by Tata Motors. The Tata Communications MOVE platform, a connected car solution, already powers the infotainment and telematics platforms in over 600,000 JLR vehicles across more than 100 markets.

Beyond business integration, the partnership emphasises a joint commitment to sustainability. Tata Communications and JLR aim to digitally transform the production line of JLR’s next-generation vehicles, contributing to sustainability goals.

Share Price: Tata Communications share price was up 0.95% at ₹1,723.30 in late afternoon trade on Tuesday.

Read Next: Dixon Tech Hits 52-Week High After Lenovo Contract, But These Analysts Are Still Unimpressed

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Comments
Loading...
Posted In: NewsContractsMoversTrading IdeasJaguar Land RoverTata CommunicationsTata GroupTata Motors

Loading...