Tata Elxsi Wins Euro 50 Million Strategic Engineering Deal with Leading European Automotive OEM

Tata Elxsi (BSE: 500408), a global leader in design and technology services, announced a strategic multi-year deal valued at €50 million with a leading European headquartered automotive OEM. This strategic deal positions Tata Elxsi as a key engineering partner for platform and application development across SDV, electrification, body, and chassis domains.

As part of this collaboration, Tata Elxsi will establish a dedicated Global Engineering Centre to support the customer's software platform roadmap and brand aligned software engineering programs. This centre will serve as a hub for developing a unified technology stack encompassing a proprietary operating system, electronic architecture and automotive cloud. Together, these will power advanced in-vehicle capabilities, seamless connectivity, and software upgradability across brands and product lines.

Tata Elxsi was chosen for its deep domain expertise across automotive domains including electrification, body & chassis, infotainment, and cybersecurity, backed by a proven track record in automotive software and managing high-performance global delivery hubs for leading OEMs and Tier-1s. The company's ability to align engineering programs with customer's product and software roadmaps ensures global delivery excellence, scalability, and outcomes across the product development lifecycle.

Recently, Tata Elxsi launched AVENIR™, a cloud-agnostic SDV development and validation framework designed to enable modular software engineering, streamline platform integration, and support cloud-native development alongside edge deployment. This is further augmented by its portfolio of solutions such as the AUTONOMAI ADAS suite, TETHER Connected Vehicle platform, MOBIUS+ digital product passport, and state-of-the-art labs and Mobility Innovation Centres across Connected, Autonomous, Software Defined and Electric domains. These investments reflect Tata Elxsi's commitment to platform-first engineering and equiping customers with the tools and infrastructure needed to scale SDV programs and ensure software consistency across vehicle platforms.

Manoj Raghavan, CEO & Managing Director, Tata Elxsi, commented: "We are delighted to partner with one of the world's leading automotive and mobility providers, playing a key role in their journey towards scalable, software-led mobility. This engagement marks a significant step in our strategy to enable next-generation mobility through platform-centric, software-led engineering. It reflects the trust placed in Tata Elxsi's ability to deliver global programs with precision, scalability, and shared accountability. As our customer advances their software-defined vehicle vision, we are happy to be a long-term strategic partner in translating that vision into reality."

This engagement reflects Tata Elxsi's broader strategy to lead in the convergence of design, digital, and engineering for the next era of mobility. The company works with leading global OEMs and Tier1s with solutions that span connected platforms, electrified architectures, autonomous features, and sustainable vehicle development.

Shares of Tata Elxsi Limited was last trading in BSE at Rs. 4899.75 as compared to the previous close of Rs. 4930.50. The total number of shares traded during the day was 33794 in over 5322 trades.

The stock hit an intraday high of Rs. 4937.95 and intraday low of 4827.05. The net turnover during the day was Rs. 164987878.00.

Source : Equity Bulls

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