JSW Group's automotive arm JSW Motors and Tata Group's design and technology services firm Tata Elxsi on Friday signed a pact to jointly set up an engineering hub in Pune to support the development of next-generation software-defined, AI-powered mobility solutions, a statement said on Friday. Under the Memorandum of Understanding (MoU), the JSW Next-Gen Technology Centre (JNEXT Center) will enable close collaboration with JSW Motors' R&D, manufacturing, and leadership teams, the company said. Tata Elxsi will lead the implementation of the connected vehicle platform and unified customer experience app for JSW Motors' upcoming vehicle programs, in partnership with a broader ecosystem, JSW Motors said. The strategic engineering hub will support the development of next-generation software-defined, AI-powered mobility solutions, aligned with the industry's shift towards connected and electrified vehicles, it said. The collaboration aligns with JSW Motors' vision of building a ...
Tata Elxsi's share price was trading 4.80 per cent higher at ₹4,427.60, compared to the previous session's close of ₹4,650.70 on the NSE
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Geojit believes Tata Elxsi is entering a recovery phase, led by strong growth in its transportation segment
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The Bengaluru-based design and engineering solutions firm posted revenue of $107 million in Q3, up 3.2% Q-o-Q in constant currency (CC) terms, ahead of estimates of 1.8 per cent Q-o-Q.
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Tata Elxsi's Q3FY26 profit fell 45 per cent year-on-year to ₹108.9 crore, though revenue edged up 1.5 per cent to ₹953.5 crore, driven by the company's transportation business
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The automotive business unit, which contributes around 53 per cent of Tata Elxsi's revenue, is seeing signs of stabilisation.
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PL Capital, after interacting with the PL Capital management, noted that recovery in the automotive segment is progressing but remains defensive
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