Tata Elxsi Stock Surges 4.9% After Securing €50 Million Engineering Deal with European Automotive Giant

Mumbai, April 21, 2025 — Tata Elxsi, one of India’s top engineering and technology services companies, saw its stock soar by nearly 5% on the Bombay Stock Exchange (BSE) following the announcement of a €50 million multi-year deal with a leading European automotive OEM. The agreement marks a significant win for the company as it continues to strengthen its global automotive engineering portfolio.

Strategic Engineering Partnership Boosts Market Sentiment

The Tata Group subsidiary is currently trading at ₹5,140.00, up ₹240.25 (4.90%) from its previous close of ₹4,899.75. The stock touched an intraday high of ₹5,160.00, with over 28,000 shares traded, underscoring strong investor interest.

This deal positions Tata Elxsi as a key engineering partner in software-defined vehicles (SDVs), electrification, and vehicle body and chassis development. As part of the collaboration, Tata Elxsi will establish a Global Engineering Centre to drive the customer’s software platform strategy.

Engineering Centre to Support SDV and EV Platforms

The proposed centre will focus on a unified technology stack, including a proprietary operating system, next-gen electronic architecture, and automotive cloud solutions. These efforts aim to deliver advanced in-vehicle features, real-time software updates, and seamless connectivity across multiple automotive brands and product lines.

Tata Elxsi was selected for its expertise in electrification, infotainment, cybersecurity, and end-to-end automotive software delivery. The company has a robust track record of managing high-performance global delivery hubs for leading OEMs and Tier-1 suppliers.

Market Performance & Company Fundamentals

• Current Market Cap: ₹31,735.23 crore

• 52-week high: ₹9,082.90 (August 27, 2024)

• 52-week low: ₹4,601.05 (April 7, 2025)

• Promoter Holding: 43.91%

• Institutional Holding: 21.27%

• Non-Institutional Holding: 34.83%

The surge in share price highlights investor confidence in the company’s ability to capitalize on the growing global shift towards SDVs and electric vehicles.

About Tata Elxsi

Tata Elxsi is a leading design and technology services company, providing end-to-end engineering solutions across automotive, broadcast, healthcare, and telecom sectors. The company is part of the Tata Group and is known for its innovation-driven approach in developing next-generation products and software platforms.