homebusiness Newscompanies NewsTata Technologies CEO sees no slowdown in investments on EV innovation
Tata Technologies CEO sees no slowdown in investments on EV innovation
Warren Kevin Harris, MD and CEO believes Tata Tech will gain from synergies emerging between Tata Motors' passenger vehicle and electric vehicles divisions following the automaker's demerger.
Despite the growing cautious rhetoric about electric vehicle (EV) adoption, Tata Technologies' Managing Director and Chief Executive Officer Warren Kevin Harris sees no slowdown in momentum from an Engineering Research and Development (ER&D) perspective.
"We are very much riding the wave of EV investments that are being made in connected services and software defined vehicles," Harris said in a conversation with CNBC-TV18.
Harris also talked about the recent demerger of Tata Motors, which is among Tata Tech's major clients contributing to roughly 33% of its revenue.
He said the demerger will help Tata Motors harness the synergies between JLR's passenger vehicle (PV) and EV businesses better. Since Tata Tech is closely associated with both these businesses, Harris believes, it is ideally positioned to benefit from these synergies between divisions.
Harris is also anticipating a strong fourth quarter in terms of deals wins.
"From a deal signing perspective, we are looking to have a very strong quarter. We'll announce the details of some of the successes as we prepare for the fourth quarter earnings that we expect to announce sometime in the end of April, beginning of May," he said.
The current market capitalisation of the company is ₹43,292.95 crore.
For more, watch the accompanying video
(Edited by : Shweta Mungre)
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