LTTS bets on manufacturing AI; eyes 80% revenue from six strategic areas in next 5 years
L&T Technology Services (LTTS) is focusing on AI-driven manufacturing and operations to offset pricing pressures in its traditional engineering business. The company has launched a new lab in Bengaluru to develop industrial AI applications like digital twins and robotics.
Why it matters
Engineering firms are increasingly pivoting toward proprietary AI tools to maintain margins as automation commoditizes standard engineering tasks.
L&T Technology Services (LTTS) is betting on artificial intelligence (AI) for manufacturing and operations to offset pricing pressure from AI-led efficiencies in parts of its engineering business, as it seeks to monetise the technology through proprietary tools, licences and new industrial applications, chief executive Amit Chadha said on Monday.
Speaking at the launch of the company’s Engineering Intelligence (EI) Lab for Manufacturing and Operations in Bengaluru, Mr. Chadha said AI was reducing the effort required for engineering tasks while opening up new business opportunities in products and manufacturing.
“The third part of the business is AI for manufacturing and operations, which is what this lab is about. And this, again, is a net new for us,” he said, outlining LTTS’s three areas of AI activity: engineering, products, and manufacturing and operations.
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