Larsen and Toubro Technology Services (LTTS) is intensifying its recruitment efforts with the goal of onboarding 2,000 new employees during the current financial year. This strategic move was reported by The Economic Times (ET) and is backed by insights from the company’s CEO, Amit Chadha.
Amit Chadha shed light on LTTS’s proactive strategy to meet the surging demand for vehicles integrated with cutting-edge software. The company has wasted no time in executing its hiring plans, with a clear objective of expanding its workforce by an impressive 2,000 employees within this fiscal year. Chadha underscored the company’s commitment to electric vehicles (EVs) during the pandemic and its substantial investments in holistic solutions spanning the entire product development lifecycle.
Thriving in the Electric Vehicle Landscape
Within the rapidly evolving realm of electric autonomous connected vehicles, LTTS has set its sights squarely on electric vehicles (EVs). Chadha revealed that the company strategically established dedicated labs for EVs during the pandemic, a move that has proven highly successful. Currently, LTTS boasts a dedicated team of nearly 200 professionals actively engaged in collaborations with original equipment manufacturers (OEMs) and tier-one companies in the EV sector. The ultimate goal is to grow this team to encompass more than 2,000 members by year-end.
LTTS’s proactive approach in the EV sector has yielded significant market share gains and noteworthy achievements. Chadha disclosed that LTTS recently secured a substantial deal worth nearly $100 million with a tier-one automotive company. Furthermore, the company has successfully expanded its global footprint to key locations such as Munich, Gothenburg, and Detroit.
Meeting the Soaring Demand
To keep pace with the surging demand for its services, LTTS has already onboarded over 700 new employees during the current quarter. This commitment to growth is unmistakably evident through its proactive recruitment efforts and strategic scaling of operations, all geared towards meeting the skyrocketing demand for software-driven vehicles.
LTTS: A Trailblazer in Digital Solutions
Larsen and Toubro Technology Services (LTTS) stands as a prominent technology company renowned for its expertise in developing digital solutions across various industries. These industries include communication, consumer electronics, healthcare, oil and gas, and transportation, among others. LTTS provides services in the domains of digital, product, and manufacturing engineering, reaffirming its dedication to advancing technological innovation.
Upsurge in Retail Sector Employment
Concurrently, LTTS’s expansion plans are in sync with a notable uptick in hiring activities within India’s retail sector. Leading the charge is Reliance Retail, the country’s largest retailer, which has significantly augmented its workforce.
According to an ET report, companies operating in the retail and quick delivery service domains have collectively added a staggering 37,000 employees. This has resulted in an impressive 8% growth in their total employee count, which now stands at 465,000. These developments underscore the retail sector’s proactive approach to addressing employment needs and fostering growth within the industry.
