L&T ties up with Tele2 to build M2M, IoT solutions for transportation industry

L&T Technology Services has partnered with European telco Tele2 to jointly develop solutions around Machine-to-Machine (M2M) and Internet of Things (IoT) for the transportation industry.

This partnership will initially target the transportation and commercial, mass transit vertical (which includes Auto, Aero, Rail, Shipping and Off Highway and specialized vehicles) and all associated ancillary and similar industries.
[caption id=“attachment_103851” align=“alignleft” width=“300”]  Reuters[/caption]

The M2M/IoT market under transport and mass transit sector is poised to go from $10.4 billion in 2014 to $29.4 billion by 2017 and $76.1 billion by 2020.

Remote management of engine performance, Data collection and Analytics of vital parameters from Off Highway Vehicles, Engines and Coaches will help OEMs, Operators and Consumers in significantly improving operational efficiencies, improving warranty and service management and better the end- user experience, the companies said.

More from Biztech

Future Group - Reliance Retail Deal approved by CCI RBI ban on cryptocurrencies takes effect; prohibition could force investors to tap the black market

Keshab Panda, CEO, L&T Technology Services, said, “We are very excited to collaborate with Tele2 on providing IoT/M2M solution to the transportation and mass transit industry that benefit customers. Our engineering prowess and deep infrastructure understanding and expertise coupled with Tele2’s solutions will provide an excellent opportunity to improve customer services and create a safer and more connected customer experience.”