The collaboration, formalized through a Memorandum of Understanding (MoU), will focus on ready-to-deploy EV systems using Infineon’s advanced semiconductor technologies.
These solutions will cater to a range of vehicle types, including two-wheelers (2W), three-wheelers (3W), passenger vehicles (PV), and commercial vehicles (CV).
The partnership comes at a pivotal time for India’s EV sector, which is witnessing rapid growth. EV sales in the country are projected to grow by 25%–30% year-on-year in 2024.
In particular, the electric two- and three-wheeler segments are expected to see a strong uptick, with sales projected to rise by 28%.
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Tata Elxsi shares are likely to gain traction as the company strengthens its presence in the EV ecosystem by leveraging Infineon’s semiconductor technologies to develop automotive-grade, cost-efficient, and safety-compliant EV subsystems.The collaboration will also focus on adhering to critical safety and industry standards, including ASIL-D (Automotive Safety Integrity Level) and ISO 26262 (Functional Safety of Road Vehicles).Also read: As returns fade, Aswath Damodaran lays out 4 red flags about alternative investments
As part of this collaboration, Tata Elxsi and Infineon will jointly develop high-voltage inverters for traction and auxiliary systems, scalable battery management systems (BMS), bi-directional onboard chargers, and high-voltage thermal management solutions.
“Currently, several of our EV solutions are already built on Infineon SoCs and components. This MoU further strengthens our partnership by providing a clearer scope and tighter system-level alignment, enabling shorter turnaround times to meet Indian market requirements. As EV adoption scales, our focus remains on delivering production-ready, automotive standards-compliant platforms and solutions,” said Nambi Ganesh, Head of Automotive at Tata Elxsi.
On Wednesday, Tata Elxsi shares closed flat at Rs 6,446 on the BSE.
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