Tata Elxsi up on new deal

Tata Elxsi went up almost 5% to Rs.1423.95 with volumes also surging over 1.62 times. It has come off this level but remains firmly in the green.

The company announced today morning that its driverless car platform, “AUTONOMAI” was selected by one of the world’s top 5 automotive OEMs for their driverless car R&D. The company did not name the car maker nor did it divulge any financial details.

The good news here is that the value of AUTONOMAI is now enhanced with this order, giving it a leg hold in the big league. It holds the complete portfolio of complementary next-gen solutions including V2X, e-cockpit and automated validation, and an award-winning HMI design team. This makes Tata Elxsi a good partner for OEMs and suppliers in driverless car development.