Tata Technologies shares jumped nearly 7% on August 6

hnologies shares jumped nearly 7% on August 6 after reports that Honda Motor has outsourced development of a new vehicle platform to the Tata Group firm. This marks the first time the Japanese automaker has entrusted an Indian engineering services company with building a complete end-to-end platform. The programme aims to support multiple models, including conventional, hybrid and electric vehicles, as Honda seeks to cut costs and accelerate development following its first annual loss since 1948. Shares closed at Rs 804.6. Honda has typically kept core platform work in-house. Tata Tech CEO Warren Harris earlier noted progress on a full vehicle programme with a leading Japanese OEM, highlighting India’s rising role as a global automotive engineering hub.