L&T Technology Services and PALFINGER Launch Global Development Center
Filing Summary
L&T Technology Services Ltd (LTTS) has inaugurated a Global Development Center (GDC) in Pune, India, as part of a multi-year collaboration with PALFINGER AG. The GDC, integrated within LTTS’ Mobility segment, aims to enhance PALFINGER’s product development capabilities using AI-driven engineering processes. This initiative is designed to support PALFINGER’s localization and digital transformation strategies in India and the Asia-Pacific region. The partnership will focus on delivering engineering and digital services, including embedded software development and advanced simulations, to strengthen PALFINGER’s product portfolio.
L&T Technology Services Ltd (LTTS) has announced the inauguration of a Global Development Center (GDC) in Pune, India. This development is part of a multi-year engagement with PALFINGER AG, a company known for its crane and lifting solutions. The GDC is positioned within LTTS’ Mobility segment and is intended to accelerate product development for PALFINGER, focusing on both global and India-specific markets.
The financial terms of the collaboration between LTTS and PALFINGER have not been disclosed in the filing. The partnership is structured to leverage LTTS’ expertise in AI-driven engineering processes to enhance PALFINGER’s product development capabilities. This includes the integration of AI across engineering workflows, which is expected to improve operational efficiencies and responsiveness to global clientele.
The scope of the collaboration involves LTTS providing a comprehensive suite of engineering and digital capabilities. These services include embedded software development, Product Lifecycle Management (PLM) migration, advanced Computer-Aided Engineering (CAE) simulations, and Digital Mock-up. The initiative aims to strengthen PALFINGER’s product portfolio and support its sourcing and localization programs. The GDC will serve as a strategic hub for innovation, bringing together AI-powered simulation and embedded engineering to develop future-ready solutions.
The market context for this collaboration highlights the strategic importance of the Asia-Pacific region, with India being a focal point for PALFINGER’s growth strategy. The partnership aligns with PALFINGER’s Strategy 2030+, which emphasizes global integration and local empowerment. The GDC is expected to play a crucial role in advancing PALFINGER’s technology leadership and supporting its broader growth strategy in the region.
The inauguration of the GDC took place on December 10, 2025, with senior leaders from both organizations in attendance. Key figures from PALFINGER included Alexander Susanek, COO, and Andreas Hille, Senior Vice President of Product Line Management and Engineering. Representatives from LTTS included Mritunjay Singh, COO, and Alind Saxena, Executive Director and President of Mobility and Tech. The collaboration is set to enhance PALFINGER’s engineering capacity in a key market for future growth.
PALFINGER AG is a leading technology and engineering company specializing in innovative lifting solutions. The company focuses on turning customer needs into integrated solutions, with a broad product portfolio and a strong regional presence. PALFINGER’s strategic priorities include global integration and local empowerment, as reflected in its Strategy 2030+.
L&T Technology Services Ltd is a global leader in AI, Digital, and Engineering Research and Development (ER&D) Consulting Services. As a subsidiary of Larsen & Toubro, LTTS provides design, development, testing, and sustenance services across various sectors, including industrial products, medical devices, and transportation. The company is committed to driving growth through innovation and technology leadership.