Tata Elxsi Partners With Mercedes-benz R&d India For Vehicle Engineering, Sdv Development; Stock Climbs

Tata Elxsi Ltd connected Wednesday announced a collaboration pinch Mercedes-Benz Research and Development India (MBRDI) for conveyance package engineering and software-defined vehicles (SDV) development. The creation and exertion services patient said its integrated package architecture is designed to heighten conveyance capabilities, create intuitive interfaces, and optimise performance, elevating nan personification acquisition and evolving pinch changing driver needs.

Tata Elxsi besides mentioned that it is moving pinch starring OEMs worldwide to create SDV platforms, accelerating nan velocity of invention and package scalability crossed conveyance models and platforms, astatine lowered costs and shared accountability.

This "brings together domain acquisition crossed autonomous, electric, connected conveyance technologies, AI and software-defined vehicles (SDV), supported by state-of-the-art labs and Mobility Innovation Centres and a portfolio of solutions including nan AVENIR SDV suite and AUTONOMAI ADAS suite," Tata Elxsi further stated.

Manoj Raghavan, MD and CEO astatine Tata Elxsi, said, "We person been partnering pinch MBRDI for complete a decade now, and this collaboration marks a milestone infinitesimal and sets nan shape for further scaling and deepening our relationship."

On nan stock-specific front, Tata Elxsi roseate 2.27 per cent to deed a time precocious of Rs 6,120. Technically, nan antagonistic traded higher than nan 5-day, 10-, 20-, 30-, 50-day and 100-day elemental moving averages (SMAs) but little than nan 150-day and 200-day SMAs. Its 14-day comparative spot scale (RSI) came astatine 64.05. A level beneath 30 is defined arsenic oversold while a worth supra 70 is considered overbought.

The company's banal has a price-to-earnings (P/E) ratio of 46.54 against a price-to-book (P/B) worth of 15.15. Earnings per stock (EPS) stood astatine 129.96 pinch a return connected equity of 32.55. According to Trendlyne data, MTAR Tech has a one-year beta of 1, indicating mean volatility.

Tata Elxsi is simply a subsidiary of Tata Sons, a holding institution of nan Tata Group. It provides creation and exertion services crossed industries including automotive, broadcast, communications, healthcare and transportation. As of March 2025, promoters held a 43.91 per cent liking successful nan company.

Published on: May 14, 2025 10:22 AM IST