Tata Motors has inked a five-year agreement with Tata Technologies to leverage mutual strengths and capabilities for their strategic priorities while offering significant career benefits to employees of both the organisations.
The new engagement model -- ENGAGENEXT iSourcing -- marks a shift from a staff-augmentation model to a delivery-based model for Tata Technologies engineers, designers and consultants working on Tata Motors programmes across all locations in India, the auto major said in a statement.
"ENGAGENEXT iSourcing will play a critical role in Tata Motors' R&D transformation journey to deliver innovative world class products to market," Tata Motors, President and Head- Advanced and Product Engineering, Tim Leverton said.
Through this model, Tata Technologies will be responsible for delivery against clearly-defined performance metrics in terms of quality, cost and timeliness, he added.
Tata Technologies CEO and MD, Warren Harris, said the new engagement model creates even greater opportunities for Tata Technologies and Tata Motors to do what we do best -- innovating and creating great new products.
"This strategic evolution of our long-time partnership leverages, the full depth and breadth of capabilities Tata Technologies has developed through working with many of the world's best automotive manufacturers, which will increase the agility and competitiveness of both companies," he added.