Tata Tech acquires German company ESTEC for Rs 750 cr to establish a base in Europe's auto hub

Tata Technologies is expanding its capabilities in software-defined vehicles with the acquisition of Germany's ESTEC for ₹750 crore, aiming to strengthen its position in Europe's automotive hub. Despite earlier hesitations due to tariffs, the global auto industry is regaining confidence, leading to renewed investment decisions. The company anticipates growth and expects GST 2.

from Auto-Industry-Economic Times https://ift.tt/yzVRgBt