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Business Standard
14-05-2025
- Automotive
- Business Standard
Tata Elxsi rises on collaboration with Mercedes-Benz R&D India
Tata Elxsi rose 2.2% to Rs 6115.85 after the company announced a strategic collaboration with Mercedes-Benz Research and Development India (MBRDI) to support engineering and software development for Software Defined Vehicles (SDVs). The partnership aims to scale next-generation automotive innovation from India, with Tata Elxsi contributing its deep expertise in automotive software, including platforms for autonomous, electric, and connected vehicles. This engagement is part of Mercedes-Benzs broader strategy to enhance its SDV capabilities, which focus on delivering integrated software architectures for improved vehicle performance, intuitive interfaces, and seamless user experiences. Tata Elxsi will leverage its proprietary solutions such as the AVENIR SDV suite and AUTONOMAI ADAS suite, backed by its network of Mobility Innovation Centres and engineering talent. Manoj Raghavan, MD and CEO, Tata Elxsi, said, "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. We have been partnering with MBRDI for over a decade now, and this collaboration marks a milestone moment and sets the stage for further scaling and deepening our relationship." Tata Elxsi is a leading provider of design and technology services across industries including automotive, broadcast, communications, healthcare, and transportation. The company reported 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.
Time of India
14-05-2025
- Automotive
- Time of India
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. Live Events Also read | Reduce Tata Elxsi, target price Rs 4,250: ICICI Securities
Time of India
14-05-2025
- Automotive
- Time of India
MBRDI picks Tata Elxsi to drive software engineering, SDV development
Homegrown design and technology services provider Tata Elxsi on Wednesday said it has been selected by Mercedes-Benz Research and Development India to drive vehicle software engineering and software-defined vehicles (SDV) development. Mercedes-Benz is leading the industry in developing software-defined vehicles, the companies said in a joint statement. The premium carmaker's integrated software architecture enhances vehicle capabilities, creates intuitive interfaces, and optimises performance to improve the user experience. Tata Elxsi, in turn, is working with leading original equipment manufacturers (OEMs) globally to develop SDV platforms, accelerating innovation and software scalability across vehicles and platforms, at lowered costs, as per the statement. The Bengaluru-headquartered Tata group firm brings together domain experience across autonomous, electric, connected vehicle technologies, artificial intelligence (AI) and software-defined vehicles (SDV), supported by its labs and Mobility Innovation Centres and a portfolio of solutions including the Avenir SDV suite and Autonomia ADAS (Advanced Driver-Assistance Systems) suite, the statement added. '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, MD and CEO, Tata Elxsi. Raghavan said Tata Elxsi has been a partner of MBRDI for over 10 years, and the new collaboration marks a 'milestone moment and sets the stage for further scaling and deepening our relationship'.
Business Upturn
14-05-2025
- Automotive
- Business Upturn
Tata Elxsi partners with Mercedes-Benz Research India for software defined vehicle development
By Aditya Bhagchandani Published on May 14, 2025, 09:40 IST Tata Elxsi announced a strategic collaboration with Mercedes-Benz Research and Development India (MBRDI) on Tuesday, May 14, 2025, to support vehicle software engineering and Software Defined Vehicle (SDV) development. The move reinforces Tata Elxsi's role in the global automotive innovation ecosystem. Mercedes-Benz, a pioneer in software-defined vehicle architecture, aims to enhance vehicle capabilities and user experience through integrated software platforms. This new partnership will enable Tata Elxsi to contribute toward advancing these technologies, leveraging its deep expertise across autonomous, connected, and electric vehicle platforms. The collaboration builds on Tata Elxsi's more than decade-long relationship with MBRDI. The company will deploy its suite of SDV solutions, including the AVENIR SDV suite and AUTONOMAI ADAS platform, from its state-of-the-art labs and mobility innovation centers in India. Manoj Raghavan, MD & CEO of Tata Elxsi, stated, 'This collaboration underscores our deep domain expertise and capabilities in automotive software and digital, including SDVs. It provides a unique opportunity to contribute to the Mercedes-Benz vision of building the world's most desirable cars.' Tata Elxsi serves leading global OEMs across industries and employs over 13,000 engineers. This development is expected to further scale its impact on next-generation vehicle engineering from India. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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Business Standard
21-04-2025
- Business
- Business Standard
Tata Elxsi surges 5% after Q4 results; Check earnings, stock details here
Shares of Tata Elxsi rose over 5.5 per cent on Monday, despite the company reporting a 12.4 per cent year-on-year (Y-o-Y) decline in net profit to ₹172.4 crore for the fourth quarter. Tata Elxsi's stock rose as much as 5.57 per cent during the day to ₹5,173 per share. The stock was trading 5.4 per cent higher at ₹5,168 apiece, compared to a 0.86 per cent advance in Nifty50 as of 10:34 AM. Shares of the company snapped a two-day losing streak on Monday. The stock has fallen 24 per cent this year, compared to a 1.5 per cent advance in the benchmark Nifty50. Tata Elxsi has a total market capitalisation of ₹32,169.44 crore. Tata Elxsi has reported a 12.4 per cent fall in net profit to ₹172.4 crore in the fourth quarter (Q4FY25) from ₹196.9 crore in the same period last year. Revenue from operations for the period under review aggregated to ₹908.3 crore, up 0.3 per cent (Y-o-Y). Also Read Earnings before interest, taxes, depreciation and amortisation (Ebitda) fell by 20.5 per cent to ₹207.7 crore in the fourth quarter from ₹261.2 crore posted in the same period last year. Ebitda margin in Q4FY25 was 22.9 per cent as against 28.8 per cent in Q4FY24. Tariff uncertainties hit earnings Tata Elxsi's top clients in the auto industry have paused several projects due to tariff-related concerns, Chief Executive Officer, Manoj Raghavan said during the post-earnings call. This has impacted the company's performance, particularly in its key markets of Europe and the US. However, Raghavan noted that the company expects growth visibility in the current quarter from major customers in the segment. The transportation segment—Tata Elxsi's largest—offers software and engineering services to automakers and auto component manufacturers, including the design of parts and technologies. Revenue from this segment declined marginally year-on-year and nearly 10 per cent sequentially. It contributes around 53 per cent of the revenue from the company's software development and services unit, which accounts for over 96 per cent of Tata Elxsi's total revenue. About Tata Elxsi
