Tata Elxsi surges on partnering with Arm to accelerate software-defined vehicle journey for OEMs

Tata Elxsi is currently trading at Rs. 7136.70, up by 23.70 points or 0.33% from its previous closing of Rs. 7113.00 on the BSE.

The scrip opened at Rs. 7139.55 and has touched a high and low of Rs. 7181.80 and Rs. 7079.65 respectively. So far 12041 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 9191.10 on 18-Dec-2023 and a 52 week low of Rs. 6720.05 on 19-May-2023.

Last one week high and low of the scrip stood at Rs. 7200.00 and Rs. 7011.10 respectively. The current market cap of the company is Rs. 44284.78 crore.

The promoters holding in the company stood at 43.92%, while Institutions and Non-Institutions held 20.61% and 35.47% respectively.

Tata Elxsi has collaborated with Arm, the global semiconductor design and software platform company to offer advanced solutions on the latest Arm processors, which will help Automotive OEMs and Tier-1s fast track their transition to software-defined vehicles (SDVs).

Automotive architectures are evolving from a distributed and domain-based paradigm to SDV, which includes the use of high-performance computing (HPC). This evolution requires a strategic shift in software development, validation, and deployment philosophies. Tata Elxsi brings its extensive portfolio of SDV solutions through Tata Elxsi AVENIR, a SOAFEE-based software suite that enables the development, integration, building, testing, and deployment of applications entirely on the cloud with ease for OEMs and suppliers. Through this technology collaboration, Tata Elxsi will make this software suite available on the latest Arm Automotive Enhanced (AE) technology that will power the high-performance requirements of next-generation vehicles.

Tata Elxsi AVENIR includes a cloud-native development and validation environment, that enables seamless collaboration to develop and validate SDV functionalities, a Connected Digital Twin Framework, which enables easier adoption and management of digital twins and a pre-integrated subscription management software. This allows end users to subscribe to automotive features on demand.

Tata Elxsi AVENIR integrated on Arm processors will provide automakers with a proven and ready-to-integrate SDV framework and modular software components that work seamlessly across Arm-based high-performance computing architectures and chips. This integration accelerates the ‘shift-left’ in SDV development and validation processes, helping drastically cut down time-to-market and development risks.

Tata Elxsi is a global design and technology Services Company and works with customers across industries such as automotive, broadcast, healthcare and telecom for product and software development.