LTTS to add 2000 employees to cater to rising software demand in vehicles

We focused on electric autonomous connected vehicles during the pandemic and within this, EV was the first area of focus where we invested in a set of labs, CEO of LTTS Amit Chadha added

Given the rising demand for software-laden vehicles, Larsen and Toubro Technology Services (LTTS) has accelerated its hiring plans, with the company planning to add 2,000 employees to its workforce in the ongoing financial year, The Economic Times (ET) cited CEO of the company Amit Chadha as saying.

Chadha told ET that the L&T Group company placed its bet on electric vehicles (EVs) during the pandemic and has built various solutions covering the entire product development cycle. "We have got close to a 200-member team right now working with original equipment makers (OEMs) and tier-one companies in this area and we planned to take this to more than 2,000 people before the end of the year," Chadha said.

We focused on electric autonomous connected vehicles during the pandemic and within this, EV was the first area of focus where we invested in a set of labs, Chadha added.

Chadha further explained that this decision helped the company gain traction and market share, which included signing an almost $100 million deal with a tier-one auto company. LTTS has also been able to expand its business across Munich, Gothenburg, and Detroit, Chadha told ET.

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To cater to the higher demand, the company has already onboarded more than 700 freshers during the ongoing quarter, the report quoted the CEO as saying.

What does LTTS do?

LTTS is a technology company that builds digital solutions and is involved in industries including communication, consumer electronics, healthcare, oil and gas, and transportation, among others. The company also provides services in digital, product, and manufacturing engineering domains.

Hiring situation in the QSR and Retail sector

Companies involved in the retail sector are also accelerating their recruitment process, with the country's biggest retailer, Reliance Retail taking the lead. An ET report said that retail and quick delivery service companies had added 37,000 people, taking their total employee count up 8 per cent to 465,000.