Wednesday, November 27

Indian ERD rainmakers win several USD 100 million deals

Indian pure-play engineering R&D (ERD) players have outshone their IT peers in digital engineering and embedded capabilities due to strong demand tailwinds. The global ERD sector grew 11.5% to $73 billion in 2022. Large deals in the space have increased for Indian ERD firms, with themes including industry 4.0 and connected, autonomous, shared, electric (CASE). Rainmakers play a crucial role in winning these deals by proactively upselling services to existing customers. Examples include KPIT Technologies' $250 million deal with Honda and $100 million deal with Renault, and L&T Technology Services' $100 million deal with Jaunt Air Mobility. SLAs focus on cost savings and specialized talent availability.
  • News Source Indiatimes (Click to view full news): CLICK HERE
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