Tata-Group IT-Software Company Collaborates with Mercedes-Benz Research and Development India
The stock is up by 33.34 per cent from its 52-week low of Rs 4,601.05 per share and has given multibagger returns of 700 per cent in 5 years.
Tata Elxsi, a global leader in design and technology services, has today announced that it has been selected by Mercedes-Benz Research and Development India for Vehicle Software Engineering and Software Defined Vehicles (SDV) development.
Mercedes-Benz has been setting benchmarks in automotive excellence for nearly 140 years and continues to advance the industry by pioneering developments in software-defined vehicles. The company's integrated software architecture is designed to enhance vehicle capabilities, create intuitive interfaces, and optimise performance, elevating the user experience and evolving with changing driver needs.
Tata Elxsi is working with leading OEMs across the world to develop SDV platforms, accelerating the speed of innovation and software scalability across vehicle models and platforms, at lowered costs and shared accountability. It brings together domain experience across autonomous, electric, connected vehicle technologies, AI and software-defined vehicles (SDV), supported by state-of-the-art labs and Mobility Innovation Centres and a portfolio of solutions including the AVENIR SDV suite and AUTONOMAI ADAS suite.
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About the Company
Tata Elxsi is among the world’s leading providers of design and technology services across industries, including automotive, broadcast, communications, healthcare and transportation. Tata Elxsi works with leading OEMs and suppliers in the automotive and transportation industries for R&D, design and product engineering services from architecture to launch and beyond. It brings together domain experience across autonomous, electric, connected vehicle technologies and software-defined vehicles (SDV), supported by a worldwide network of design studios, development centres and a global talent pool of over 13,000 engineers and specialists.
The company has a market cap of over Rs 38,000 crore and has been maintaining a healthy dividend payout of 55 per cent. The shares of the company have an ROE of 30 per cent and an ROCE of 36 per cent. The stock is up by 33.34 per cent from its 52-week low of Rs 4,601.05 per share and has given multibagger returns of 700 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.