Tata Technologies will work on modernising operations of Air India by digitizing its fleet and equipment data and introducing digital solutions for aircraft maintenance, as the Tata Group moves to revive the country’s oldest airline.
Tata Technologies Limited is a company in the Tata Group that provides services in engineering and design, product lifecycle management, manufacturing, product development, and IT service management to automotive and aerospace original equipment manufacturers and their suppliers. It is a subsidiary of Tata Motors.
Tata Technologies is 74% owned by Tata Motors. It gets 75% of its revenue from the automotive segment.
Chairman, N Chandrasekaran said earlier, that the Tata group will invest in new aircraft and technologies to make Air India a world-class airline, besides undertaking an organisational redesign to make it future-ready like its other group companies.
Air India plans to order more than 300 planes, even as it sells old aircraft. It recently invited bids for its three long-range, wide-bodied Boeing 777 planes.
Aloke Palsikar, executive vice-president, Tata Technologies said the work would include digitizing the fleet and equipment data of Air India and also bringing digital solutions to aircraft maintenance, repair and the overhauled unit that the Tatas acquired along with the airline.
“Air India is not just a business for the Tatas. There’s a lot of emotion involved.
The entire strength of the Tata Group will be leveraged in putting Air India back on its feet. We are no different. The whole integration has started. We are in conversation with them on a lot of our domains.”Aloke Palsikar, Executive Vice-President and Head of Growth Industries and Nordics, Tata Technologies
Palsikar said the company aims to make the aerospace business its second-biggest revenue generator in three years. The addressable market for Tata Technologies is worth $50 billion and will grow by 50% in a year.