Nidec Corporation announced that it has executed a memorandum of understanding on 22 July 2024 with Tata Elxsi. The execution of the aforementioned MOU aims to enable Nidec to utilize Tata Elxsi`s knowhow and resources to accelerate Nidec`s group-wide enhancement of its software development capability. Furthermore, the MOU intends for the Company to develop software programs for India and other markets, and examine how to localize Nidec products, while providing support for establishing and operating a global business base for the Nidec Group`s software development in the future.Powered by Capital Market - Live News

Net profit of Tata Elxsi declined 2.53% to Rs 184.08 crore in the quarter ended June 2024 as against Rs 188.85 crore during the previous quarter ended June 2023. Sales rose 8.96% to Rs 926.46 crore in the quarter ended June 2024 as against Rs 850.27 crore during the previous quarter ended June 2023. ParticularsQuarter Ended�Jun. 2024Jun. 2023% Var. Sales926.46850.27 9 OPM %27.2329.57 - PBDT279.46269.75 4 PBT252.40248.34 2 NP184.08188.85 -3 Powered by Capital Market - Live News

Tata Elxsi will hold a meeting of the Board of Directors of the Company on 10 July 2024.Powered by Capital Market - Live News

Tata Elxsi announced that the Annual General Meeting (AGM) of the company will be held on 10 July 2024.Powered by Capital Market - Live News

Tata Elxsi has collaborated with Arm, the global semiconductor designs and software platform to offer advance solutions on the latest Arm processor, which will help automotive OEMs and Tier-1s fast track their transition to software-defined vehicles (SDVs). Automotive architectures are evolving from a distributed and domain-based paradigm to SDV, which includes the use of high-performance computing (HPC). This evolution requires a strategic shift in software development, validation, and deployment philosophies. Tata Elxsi brings its extensive portfolio of SDV solutions through Tata Elxsi AVENIR, a SOAFEE-based software suite that enables the development, integration, building, testing, and deployment of applications entirely on the cloud with ease for OEMs and suppliers. Through this technology collaboration, Tata Elxsi will make thissoftware suite available on the latest Arm� Automotive Enhanced (AE) technology that will power the high-performance requirements of next-generation vehicles. Tata Elxsi AVENIR includes a cloud-native development and validation environment, that enables seamless collaboration to develop and validate SDV functionalities, a Connected Digital Twin Framework, which enables easier adoption and management of digital twins and a pre-integrated subscription management software. This allows end users to subscribe to automotive features on demand. Powered by Capital Market - Live News