L&T Technology Services Limited (LTTS) and Austria-based PALFINGER have inaugurated a state-of-the-art Global Development Center (GDC) in Pune, marking a key milestone in their long-term collaboration. The center is designed to accelerate product development through AI-driven engineering, while supporting PALFINGER’s localization and digital transformation goals across the Asia-Pacific region.
Key Highlights
- Location: Pune, India
- Objective: Strengthen PALFINGER’s India and APAC-focused product development pipeline
- Technology Focus: AI-driven engineering, advanced simulations, and digital tools
- Strategic Alignment: Supports PALFINGER’s “Reach Higher, Strategy 2030”
Scope of LTTS’s Support
LTTS will deliver a suite of integrated engineering and digital services, including:
- Embedded software development
- PLM migration
- Advanced CAE simulations
- Digital Mock-up (DMU) capabilities
These capabilities will help enhance PALFINGER’s product portfolio, improve speed-to-market, and support its sourcing and localization programs in India.
Strategic Impact
- Capacity Expansion: Boosts PALFINGER’s engineering footprint in a high-potential growth market
- Digital Transformation: Accelerates adoption of next-generation engineering practices
- Regional Strengthening: Reinforces PALFINGER’s APAC presence, with India emerging as a key strategic hub
LTTS Financial Context
While the partnership’s financial details were not disclosed, LTTS’s strong balance sheet underpins its capacity to support large global programs.
| Financial Metric | FY25 (₹ crore) | YoY Change |
| Total Assets | 8,862.30 | +10.72% |
| Total Equity | 5,748.20 | +13.80% |
| Reserves & Surplus | 5,727.00 | +13.86% |
Summary
LTTS and PALFINGER have launched a new Global Development Center in Pune to accelerate AI-driven engineering and localized product development for the APAC region. The collaboration strengthens PALFINGER’s long-term growth strategy while leveraging LTTS’s robust digital engineering capabilities and strong financial position.
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