The shares of Tata Elxsi Limited were trading at ₹6,304.50 down by ₹145 or 2.25 per cent on the NSE today at 12.25 pm.

Tata Elxsi and Infineon Technologies signed a memorandum of understanding on Tuesday to jointly develop application-ready electric vehicle solutions tailored for the Indian market. The collaboration targets the country’s rapidly expanding EV segments including two-wheelers, three-wheelers, passenger vehicles, and commercial vehicles.

The partnership combines Tata Elxsi’s design and system integration capabilities with Infineon’s semiconductor technologies, including silicon carbide components, microcontrollers, and integrated circuits. Both companies will focus on developing high-voltage inverters, battery management systems, bi-directional onboard chargers, and thermal management solutions that comply with ASIL-D safety standards under ISO 26262.

The timing aligns with India’s strong EV growth trajectory, with sales increasing 25-30 per cent year-on-year in 2024, including a 28 per cent rise in electric two and three-wheeler sales. The collaboration addresses the need for automotive-grade, cost-optimised subsystems that meet safety requirements for the Indian market.

Nambi Ganesh, Head of Automotive at Tata Elxsi, said the partnership will enable shorter turnaround times for Indian market requirements. Kenneth Lim, Senior Vice President Automotive at Infineon Technologies Asia Pacific, emphasised the collaboration’s role in supporting India’s electrification goals.

The initiative supports national targets set by NITI Aayog, which aims for 80 per cent electrification of two and three-wheelers and 70 per cent of commercial vehicles by 2030. Future plans include addressing eVTOL, energy, and off-highway sectors.

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Published on June 19, 2025