Tata Technologies , a global leader in product engineering and digital services, announced a refreshed strategy aimed at reinforcing its position as a partner of choice in the software-defined era. On the launch of its latest strategic direction, the company also introduced key leadership changes to accelerate its growth in the Automotive, Industrial Heavy Machinery (IHM), and Aerospace sectors. The global Engineering, Research & Development (ER&D) market, currently valued at $260-300 billion across Automotive, IHM, and Aerospace, offers significant long-term opportunities. The demand for software-driven solutions, driven by innovations such as electrification, software-defined vehicles (SDVs), and smart manufacturing, is fuelling this growth. The outsourced ER&D market alone is expanding at a 10-12% CAGR, with the automotive sector being the largest contributor, reaching an outsourced spend of $35-40 billion. Aerospace and IHM sectors are also evolving through next-gen propulsion technologies, maintenance, repair and overhaul (MRO) solutions, and smart factories, creating a growing $16-18 billion outsourced market. Customer-Centric Approach At the core of Tata Technologies’ growth strategy is a commitment to customer-centric innovation, engineering excellence, and digital transformation. These principles are reflected in four strategic pillars designed to propel the company’s growth and position it as a key player in the […]
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