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PRESS RELEASE
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Mumbai, India – March 31, 2008: Tata Consultancy Services (TCS), (BSE: TCS.BO, NSE: TCS.NS) a leading IT services, business solutions and outsourcing organization, today announced it has signed a five-year, multi-million dollar contract to be the global engineering partner of ArvinMeritor (NYSE: ARM), a premier global supplier of a broad range of integrated systems, modules and components to the motor vehicle industry.
As part of the agreement, TCS will support the localization and globalization efforts of ArvinMeritor’s engineering capabilities including product development and support for specific product lines in the Asia Pacific region. TCS will set up a global engineering center in Pune, India that will provide a broad range of product engineering services to cater to the global needs of ArvinMeritor with a specific focus on the Asian market.
“ArvinMeritor will be focusing on the Asia Pacific region where we are experiencing tremendous growth,” explained Tom Watson, Vice President, Engineering & Technical Planning, Light Vehicle Systems, ArvinMeritor. “While our current engineering workforce serves us well in Western Europe and North America, our growth objectives require expansion of our engineering footprint. Automotive capability, domain knowledge, proven track record, global presence, robust collaboration processes and commitment to our success were important parameters in the selection of a suitable partner and TCS was the clear choice.”
Regu Ayyaswamy, Vice President, Engineering and Industrial Services, TCS said, “We are pleased to be chosen as ArvinMeritor’s engineering partner as part of their global growth strategy. As ArvinMeritor extends its current competencies to new product categories through use of electronics and control technologies, TCS along with its Group company INCAT will deliver end- to- end comprehensive solutions to support ArvinMeritor. Our Global Network Delivery Model™ will seamlessly ensure that ArvinMeritor experiences certainty in all aspects of our relationship in any part of the globe.”
TCS’ Engineering and Industrial Services (EIS) business unit provides a wide spectrum of engineering enterprise solutions across diverse industry verticals from Aerospace to Utilities. It helps customers drive information integration across their value streams to include the engineering of products and production facilities, and the efficient management of capital assets and production. Operating for the last two decades, EIS brings a powerful combination of vision, skills, know-how, alliances, and delivery capabilities to bear on each program delivered.
About ArvinMeritor
ArvinMeritor, Inc. is a premier global supplier of a broad range of integrated systems, modules and components to the motor vehicle industry. The company serves commercial truck, trailer and specialty original equipment manufacturers and certain aftermarkets, and light vehicle manufacturers. Headquartered in Troy, Mich., ArvinMeritor employs approximately 18,000 people in 24 countries. ArvinMeritor common stock is traded on the New York Stock Exchange under the ticker symbol ARM. For more information, visit the company's Web site at: https://www.meritor.com/default.aspx
About Tata Consultancy Services
Tata Consultancy Services is an IT services, business solutions and outsourcing organization that delivers real results to global businesses, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT and IT-enabled services delivered through its unique Global Network Delivery Model, recognized as the benchmark of excellence in software development. A part of the Tata Group, India’s largest industrial conglomerate, TCS has over 108,000 of the world's best trained IT consultants in 47 countries. The Company generated consolidated revenues of US $4.3 billion for the fiscal year ended 31 March, 2007 and is listed on National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
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