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Tata Group Stock to Track: Tata Elxsi bags 50-million-euro strategic engineering deal in Europe

Tata Group Stock to Track: Tata Elxsi bags 50-million-euro strategic engineering deal in Europe

Tata group design and technology service provider Tata Elxsi said on Thursday that it had won a strategic, multi-year deal to the tune of 50 million euros from a leading European-headquartered automotive original equipment manufacturer (OEM), positioning it has a key engineering partner for platform and application development across the domains of software-defined vehicles (SDV), electrification, body and chassis. The announcement followed Tata Elxsi’s release of its earnings report along with a dividend declaration. 

As part of the European deal, Tata Elxsi will set up a dedicated global engineering centre to support the client’s software platform roadmap and brand aligned software engineering programs, according to a statement.

The engineering centre will serve as a hub for developing a unified technology stack encompassing a proprietary operating system, electronic architecture and automotive cloud, said Tata Elxsi.

ALSO READ: Tata Elxsi Q4 Results | Tata group firm profit down 13% sequentially at Rs 172 crore; Rs 75 dividend declared

“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,” said Manoj Raghavan, CEO and Managing Director, Tata Elxsi. 

The company said the client selected it for its deep domain expertise across automotive domains including electrification, body and chassis, infotainment and cybersecurity.

“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,” added Tata Elxsi. 

 

ALSO READ: Tata Elxsi Dividend 2025 | Tata group firm declares Rs 75 per share payout

 

The Bengaluru-based design and tech service provider recently launched 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.

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This report has been published as part of an auto-generated syndicated wire feed. Except for the headline, the content has not been modified or edited by Doonited

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