30 January 2020: Tata Technologies, a global leader in engineering services outsourcing and product development IT services, recently participated in the EV100 – a global initiative which brings together forward-looking companies committed to accelerating the transition to electric vehicles (EVs), held in Beijing, China. The auto industry is going through unprecedented change and the EV100 forum focused on major changes in the globe as well as the Chinese automotive sector. Tata Technologies highlighted its end-to-end capabilities in the EV market and showcased its innovative Electric Vehicle Module Platform (EVMP) designed to meet the changing demands of the industry.
Steven Haywood, Executive Vice President of Global Engineering, Research, and Development, Tata Technologies, highlighted the need to improve EV economics and increase product competitiveness. He spoke about the four mega trends of electrification, mobility, connectivity and autonomy and added that the emergence of three additional mega trends, ‘pay as you go channels’, ‘man machine interfaces’ and ‘digitization of processes’ are further changing the dynamics of this fast-paced industry segment.
The company firmly believes that the use and reuse of a single body architecture concept as a platform for new models is likely to be the fastest way into the market. The EVMP brings this concept to reality as it helps automakers and OEMs increase manufacturing efficiency and reduce costs.
Speaking about the future outlook of the market, Steven said, “By 2025, Asia will be able to scale EV economics provided governments and auto players cooperate to reduce material costs and normalize EV prices. Tata Technologies is committed to building a better world through greener technologies that can benefit EV makers as well as OEMs.”
Tata Technologies has also partnered with a new-age Chinese OEM to develop platforms and bring in process efficiencies through emerging technologies such as AR, VR, digital twin and data mining.
About Tata Technologies
Tata Technologies is a global innovator in developing advanced product design, engineering, and R&D consulting services, enabling leading manufacturers create better, safer, greener, faster and experiential mobility solutions. Committed to ‘Engineering a better world’, through agile, collaborative innovation, sustainable technologies and processes, the company has over 9000 innovators serving clients worldwide shaping the future of mobility. A part of the Tata group, India’s largest multinational business group, Tata Technologies is a premier partner specializing in next-generation product lifecycle management, and digital enterprise solutions. For more information, please visit www.tatatechnologies.com