Tata Elxsi extends its Technology Network to Frankfurt to Spur Digital Engineering

TATA Elxsi, a global design and technology services company, announced the opening of its Digital Engineering center in Frankfurt, Germany. This Digital Engineering Hub will serve as a platform to bring together Tata Elxsi's talent and expertise in providing world-leading digital Engineering solutions for next-generation mobility, media and communications and healthcare sectors.

Tata Elxsi's Frankfurt center will work closely with its OEMs, Tier 1, European technology companies and universities to discover and develop new SW and HW design and engineering concepts driving business outcomes and adding value to our customers across Europe.

The center will host around 30 to 40 local engineering talent and expertise by the end of FY23 with a potential to grow to 100 engineers by FY25, ensuring accelerated innovation and proximity to our European customers as a Nearshore delivery Centre incubating local delivery capabilities.

"With existing engineering hubs in India, the United States, Europe, and the United Kingdom that currently provide next-generation mobility solutions (in the areas of ADAS, e-Mobility, Chassis Electronics, connectivity, Cyber security, Embedded AI, and cloud engineering), Frankfurt's Digital Engineering Center complements Tata Elxsi's European Hubs. Furthermore, it is integrated with the global network to leverage Tata Elxsi's design thinking-based creative engineering approach," said Nitin Pai, SVP of Strategy & Marketing Tata Elxsi.

Shares of Tata Elxsi Limited was last trading in BSE at Rs. 6624.05 as compared to the previous close of Rs. 6633.05. The total number of shares traded during the day was 20045 in over 6186 trades.

The stock hit an intraday high of Rs. 6732.00 and intraday low of 6613.00. The net turnover during the day was Rs. 133611999.00.

Source : Equity Bulls

Keywords

TataElxsi INE670A01012 DigitalEngineeringCenter Frankfurt Germany