Tata Elxsi Limited has informed the Exchange regarding a press release dated May 14, 2025, titled "Tata Elxsi collaborates with Mercedes-Benz Research and Development India (MBRDI) for Vehicle Engineering and Software Defined Vehicle (SDV) Development".

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Price reactionminutes from the announcement price · days from the prior close

+1.6%Reaction day

₹5995.00

prior close

₹6006.50

announcement price

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+1.3%+0.3% vs market

Computers - Software & Consulting peers, median of 58sector+1.6%-0.0% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Midcap 150 and in line with its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Tata Elxsi has been selected by Mercedes-Benz Research and Development India (MBRDI) for vehicle software engineering and Software Defined Vehicle (SDV) development. This marks an expansion of an existing 10+ year partnership with MBRDI. Tata Elxsi will leverage its AVENIR SDV suite, AUTONOMAI ADAS suite, and over 13,000 engineers to support Mercedes-Benz's integrated software architecture. The collaboration aims to scale next-gen automotive development and innovation from India, covering autonomous, electric, and connected vehicle technologies.

Likely market impact

Positive for shareholders — strengthens Tata Elxsi's positioning in the high-growth SDV space with a premium global OEM, potentially driving future revenue and order book growth. Likely a sentiment booster for the stock, though no immediate financial figures were disclosed.