Tata Elxsi inks MoU with Infineon to develop EV solutions for Indian market
The collaboration comes amid Indias accelerating EV adoption, with overall sales rising 2530% year-on-year in 2024, including a 28% surge in electric two- and three-wheeler volumes.
Under the partnership, the two companies will co-develop high-voltage inverters for traction and auxiliary systems, scalable battery management systems (BMS), bi-directional onboard chargers, and advanced thermal management solutions. These systems will target Indias growing 2W, 3W, passenger vehicle (PV), and commercial vehicle (CV) segments, with future scope extending to electric vertical take-off and landing (eVTOL) vehicles, energy storage, and off-highway applications.
The partnership aims to accelerate the deployment of cost-optimized, automotive-grade, and safety-compliant EV subsystems, addressing critical requirements such as ASIL-D compliance under ISO 26262 standards for functional safety.
As per the MoU, Tata Elxsi will bring its capabilities in design, system integration, and validation, while Infineon will offer early access to its latest semiconductor innovations, including silicon carbide (SiC)-based components, microcontrollers, and integrated circuits.
Nambi Ganesh, Head of Automotive, Tata Elxsi, said, Currently, several of our EV solutions are already built on Infineon SoCs and components. As EV adoption scales, our focus remains on delivering production-ready, automotive standards-compliant platforms and solutions.
Tata Elxsi is a leading provider of design and technology services across industries, including automotive, broadcast, communications, healthcare, and transportation.
The company reported a 12.4% fall in net profit to Rs 172.4 crore in Q4 FY25 from Rs 196.9 crore in Q4 FY24. Revenue from operations for the period under review aggregated to Rs 908.3 crore, up 0.3% YoY.
Shares of Tata Elxsi fell 1.23% to Rs 6,366.85 on the BSE.
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