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Last Updated: Monday, 6 December, 2004, 14:11 GMT
Tata signs IT deal with Ferrari
Ferrari F1 car
The famous red livery of Formula One team champions Ferrari
Tata Consultancy Services of India has signed a deal to provide information technology to famous Italian Formula One racing team Ferrari.

India's largest software services firm will also provide engineering services for the development of the team's racing car for the 2005 season.

Tata did not indicate financial terms of the contract.

The Formula One racing season begins on 6 March, with Fiat-owned Ferrari the current champion team.

Modified car

It expects to start the next season with an interim version of its F2004 car, which led the Italian team to its sixth successive constructor's title in 2004.

Ferrari will use the modified version of their 2004 car for as many as the first five races of next season, chief designer Rory Byrne said late last month.

"This is a significant win," said Tata executive vice-president N Chandrasekaran.

"The aspect that makes it very special is that we will be doing the core work that powers the Ferrari engine for the race car division."

In Italy, Ferrari spokesman Luca Colajanni confirmed a three-year deal was signed with Tata, but would not reveal its value.

Raising profile

Mr Chandrasekaran said the first group of Tata engineers has already reached Maranello, Ferrari's headquarters, to start work on the project.

"I can't share the size of the deal. All I can say it's a multi-million, multi-year contract," Mr Chandrasekaran said.

But he said the deal would help Tata raise its profile in Europe especially at a time when several orders from European companies were in the pipeline.

Tata Consultancy's clients include American Express, British Telecom, Boeing and IBM.

It is part of India's second largest industrial conglomerate Tata group.

It is made up of 80 businesses that span industries including hotels, truck-making, software, consumer products, chemicals, and communications.

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