Altair (Nasdaq: ALTR), a global leader in computational intelligence, has signed a memorandum of understanding (MoU) with The Centre of Excellence in Advanced Automotive Research (CAAR) to drive innovation in the automotive sector. The partnership aims to advance e-mobility, autonomous systems, and sustainable vehicle technologies, while reducing product development timelines and positioning India as a leader in automotive innovation.
Commenting on the collaboration, Vishwanath Rao, Country Manager, Altair India, said, “Our partnership with CAAR and IIT Madras underscores Altair’s commitment to delivering cutting-edge technologies that enable sustainability, efficiency, and progress in the automotive industry.”
Thiru Srinivasan, CEO of CAAR, added, “This MoU is a significant step towards translating academic research into industry-ready solutions. Our collaboration will enhance the use of Altair’s software tools in creating high-value automotive products and accelerating innovation.”
CAAR, established under the guidance of IIT Madras, serves as a bridge between academia and industry, offering advanced technologies, policy advisories, and workforce development. Focused on translational research, CAAR plays a critical role in bringing academic innovations to industrial applications.
This partnership reflects a shared vision to foster sustainable and cutting-edge solutions for the automotive industry, ensuring India’s prominence in global automotive advancements.