March 5 (Reuters) - General Motors ( GM ), auto parts

supplier Magna and IT company Wipro said on

Tuesday they were working together to create a sales platform,

called SDVerse, to buy and sell automotive software.

SDVerse will link the buyers and sellers through a digital

platform, where the software's features and attributes can be

listed.

The platform is in its development stage and is expected to

feature hundreds of automotive software products and

participants across the industry.

The announcement comes at a time when automakers are ramping

up their tech investments to help create connected vehicles with

advanced driver aids.

While the companies did not detail specific revenue targets,

SDVerse will follow an annual subscription fee model and not

charge any fee for buying or selling products.

GM, Magna and Wipro will hold seats on the board of SDVerse

but the platform will operate independently.