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Germany's BMW, India's Tata Tech to Jointly Develop Auto Software

A BMW iX xDrive40 is on display during the Munich Auto Show, IAA Mobility 2021, in Munich, Germany, September 7, 2021. REUTERS/Michaela Rehl
A BMW iX xDrive40 is on display during the Munich Auto Show, IAA Mobility 2021, in Munich, Germany, September 7, 2021. REUTERS/Michaela Rehl
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Germany's BMW, India's Tata Tech to Jointly Develop Auto Software

A BMW iX xDrive40 is on display during the Munich Auto Show, IAA Mobility 2021, in Munich, Germany, September 7, 2021. REUTERS/Michaela Rehl
A BMW iX xDrive40 is on display during the Munich Auto Show, IAA Mobility 2021, in Munich, Germany, September 7, 2021. REUTERS/Michaela Rehl

BMW Group and Tata Technologies will form a joint venture to develop automotive software for the German luxury carmaker, the Indian engineering services company said on Tuesday.
India is a software development hub for global automakers and auto parts makers including Volvo and Magna International, while also witnessing rising investments from companies including Toyota Motor and Mercedes Benz to boost production, Reuters reported.
The BMW-Tata Technologies venture, the first partnership between the two, will develop automotive software for automated driving and the dashboard system among other features, the Tata company said but didn't disclose any financial details of the agreement.
The BMW Group and Tata Technologies will each hold a 50% stake in the newly-formed company, it added.
BMW has a manufacturing plant in the southern Indian city Chennai, and gets its engines in the country from Force Motors , while TVS Motor helps make the German company's motorcycles.
The joint venture will operate in Chennai, Bengaluru, and Pune and will commence operations with 100 employees, Tata Technologies said.
Tata Technologies, a unit of India's top carmaker by revenue Tata Motors, provides engineering and technology services to auto, aero and heavy machinery firms including Honda , Ford and Airbus.
Its shares were up more than 7% after the announcement, before trimming some gains.
The company went public in November last year to become the first Tata Group company to launch an initial public offering in nearly two decades. Its shares have more-than-doubled from its listing price.

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ImpaQ Forum Kicks Off in Saudi Arabia’s Diriyah

Saudi Minister of Media Salman Al-Dossary and other officials are seen at the opening of the event in Diriyah. (SPA)
Saudi Minister of Media Salman Al-Dossary and other officials are seen at the opening of the event in Diriyah. (SPA)
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ImpaQ Forum Kicks Off in Saudi Arabia’s Diriyah

Saudi Minister of Media Salman Al-Dossary and other officials are seen at the opening of the event in Diriyah. (SPA)
Saudi Minister of Media Salman Al-Dossary and other officials are seen at the opening of the event in Diriyah. (SPA)

Under the patronage of Saudi Minister of Media Salman Al-Dossary, the Impact Makers Forum (ImpaQ) kicked off in Diriyah on Wednesday, attracting a host of influencers, experts and content creators from around the world.

The opening ceremony featured a modern theatrical performance titled "The Butterfly Effect," celebrating the forum's message and its significance in various fields of influence.

In an opening speech to over 1,500 guests at the Diriyah Arena, Al-Dossary emphasized the growing role of influencers, highlighting the importance of leveraging this influence to foster creativity and innovation and to stimulate community and economic development.

"The Kingdom's Vision 2030, led by Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, is a vision that has inspired the world and created impact," he stated.

"Influence can be a single word from a passerby that might forever change someone's life for the better. It could come from a street vendor striving to provide for his children, a loving father, or a great mother who performs miracles to instill values in her children," he remarked.

"Influence is not confined to platforms and screens alone. Look around you at work, in your club, in your neighborhood, at home, and you will see who has shaped your personality and life. ImpaQ celebrates them and all of you," stressed the minister.

The Impact Makers Forum, the largest of its kind in the Kingdom, is being held on a 23,000-square-meter venue and includes three main areas: "Innovation Space" hosting panel discussions and major events, "Impact Space" where influencers share their inspirational experiences, and "Lab Space" for creative and technical workshops.

The two-day forum features over 40 diverse activities across 14 areas of influence, including media, artificial intelligence, sports, tourism and culture. The event will attract over 30,000 visitors, making it a leading platform for exchanging expertise and showcasing success stories in various fields of influence.

The forum also allows international influencers through special tours organized in cooperation with the Saudi Tourism Authority, aiming to highlight Saudi Arabia's uniqueness and appeal. The opening ceremony was digitally streamed to over one million viewers.

The forum features a diverse and engaging agenda, including panel discussions and workshops, while fostering substantial interaction among participants and attendees. This dynamic atmosphere underscores the Kingdom's role as a global hub for inspiration and innovation in the area of influence.