Tata Elxsi Limited has informed the Exchange regarding a press release dated Jun 18, 2025, titled "Tata Elxsi and Infineon Partner to Accelerate EV Innovation in India".
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Tata Elxsi has signed a Memorandum of Understanding (MoU) with Infineon Technologies to jointly develop ready-to-deploy electric vehicle (EV) solutions tailored for the Indian market. The collaboration covers two-wheelers, three-wheelers, passenger vehicles, and commercial vehicles, with future scope in eVTOL, energy, and off-highway sectors. Tata Elxsi will contribute its design and system integration expertise, while Infineon will provide early access to its semiconductor technologies, including silicon carbide (SiC) components, microcontrollers, and integrated circuits. The partnership will focus on high-voltage inverters, battery management systems (BMS), bi-directional onboard chargers, and thermal management solutions, all meeting ASIL-D safety standards. The move comes as India's EV sales grew 25-30% year-on-year in 2024 and supports the government's target of 80% electrification of 2W/3W and 70% of commercial vehicles by 2030.
This partnership strengthens Tata Elxsi's foothold in India's fast-growing EV ecosystem and could open up new revenue opportunities across multiple vehicle segments. For shareholders, it reinforces the company's strategic positioning in the EV value chain through a globally credible technology partnership.