Ashok Leyland Limited — Updates, 29-11-2024: Press Release

Hinduja Tech has completed its acquisition of TECOSIM Group, enhancing its global automotive engineering capabilities. This strategic move strengthens Hinduja Tech’s position in the European market and aligns with its goal to rank among the top 10 global mobility engineering firms. The acquisition is expected to bring operational efficiencies, bolster competitiveness, and expand the range of services offered, with TECOSIM’s expertise in virtual validation and body engineering complementing Hinduja Tech's existing capabilities.

Mr. Kumar Prabhas, CEO of Hinduja Tech, emphasized the significance of this union in driving innovation and growth, while Mr. Udo Jankowski, Managing Director of TECOSIM, highlighted the advantages of combining their strengths to advance technological solutions in the global mobility ecosystem. The integration of over 650 TECOSIM employees from various countries adds depth to Hinduja Tech’s capabilities and opens up new opportunities in diverse markets. This development presents a positive outlook for the company's future growth trajectory in the mobility sector.