Tata Elxsi partners with Mercedes-Benz R&D India for vehicle engineering & SDV push; stock up 2.5%

Tata Elxsi on Wednesday said it had partnered with Mercedes-Benz Research and Development India (MBRDI) for vehicle software engineering and software-defined vehicle (SDV) development, marking a significant expansion in its automotive software capabilities. Shares of Tata Elxsi rose as much as 2.5% to Rs 6134.85 on the BSE following the announcement.

The partnership extends Tata Elxsi’s more than decade-long engagement with the German automaker’s Indian R&D arm and is aimed at scaling next-generation automotive software development from India. Mercedes-Benz is investing in SDV architecture to enhance in-vehicle capabilities, performance, and driver interfaces.

“This collaboration underscores our deep domain expertise and capabilities in Automotive Software and Digital, including Software Defined Vehicles, and provides us with a unique opportunity to contribute to the Mercedes-Benz vision of building the world’s most desirable cars,” said Manoj Raghavan, Managing Director and CEO of Tata Elxsi.

The deal reinforces Tata Elxsi’s position in the automotive technology space, where it works with global original equipment manufacturers on SDV platforms, autonomous systems, and electric vehicle software. The Bengaluru-based company will leverage its proprietary solutions including the AVENIR SDV suite and AUTONOMAI ADAS platform, backed by its network of Mobility Innovation Centres and engineering talent.

Tata Elxsi, which provides design and technology services across multiple industries, reported a 12.4% decline in net profit to Rs 172.4 crore in the March quarter, while revenue rose 0.3% year-on-year to Rs 908.3 crore.

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