8 May 2024 | New Delhi: Shardul Amarchand Mangaldas advised Tata Technologies Limited (“Tata Tech”), in its joint venture with BMW Holding B.V., Netherlands (“BMW Holding”) to provide automotive software, including software defined vehicle solutions for BMW Group’s premium vehicles. The emphasis of the venture is on digitalization and automation of product development, production and sales. The deal was signed on 2nd April 2024 and closing is subject to receipt of approvals from anti-trust regulators in Germany, Poland and China as well as completion of certain operational conditions precedent.
The joint venture arrangement marks the first venture between the two conglomerates, which will allow Tata Tech to leverage their digital engineering expertise and talent pool in India to contribute to the BMW Group’s strategic expansion of software coding capabilities across global IT hubs and 24/7 operations.
The transaction team was led by Iqbal Khan, Partner; Devika Menon, Principal Associate; Megha Diddi, Senior Associate; and Subham Biswal, Associate with special thanks to Gopalkrishna Hegde for his inputs on various FEMA related aspects, and Latham & Watkins LLP (Germany) for their inputs on German law aspects.
The competition team was led by Gauri Chhabra, Partner; Gargi Yadav, Consultant; and Eesha Sheth, Associate. The disputes team was led by Shreya Jain, Principal Associate; and Prachi Gupta, Associate.
The IP Team was led by Mukul Baveja, Partner.
Khaitan & Co. acted as the legal counsel to BMW Group.
Picture Source :
