Tata Technologies’ stock price rose more than 3% on Wednesday after the company announced a strategic alliance with automotive semiconductor solutions business Telechips at CES 2025. Tata Technologies shares surged 3.41% to a high of ₹912.00 on the BSE.
Tata Technologies and Telechips have inked a strategic Memorandum of Understanding (MoU) to develop automotive software solutions for next-generation software-defined cars.
Tata Technologies announced in a regulatory filing on January 7 that the collaboration will focus on co-developing innovative solutions for Advanced Driver Assistance System (ADAS) platforms, Automotive Cockpit domain controllers, and Central & Zonal gateway controllers, assisting OEMs in addressing software-hardware integration challenges and reducing time-to-market.
The partnership will take advantage of Tata Technologies’ extensive experience in automotive software engineering and the integration of next-generation technologies for turnkey SDV development, as well as Telechips semiconductor technologies such as SoCs (System on Chips), AI Vision ADAS Processors, and Network Gateway Processors, the company said.
“We are delighted to collaborate with Telechips, combining their advanced semiconductor technology with our deep domain knowledge and expertise in turnkey SDV development to help our customers develop competitive software-defined vehicles,” said Warren Harris, CEO and Managing Director of Tata Technologies.
The cooperation will centre on co-developing a scalable software framework for ADAS and self-driving car platforms, utilizing Artificial Intelligence to improve situational awareness and decision-making skills. Furthermore, the integration of Telechips’ sophisticated SoCs will enable faster, more efficient vehicle communications, in line with the global push for greener and more sustainable transportation solutions, according to the press statement.
Tata Technologies Stock Price Trend
Tata Technologies shares have failed to provide significant returns. The Tata Group stock has fallen 6% in one month and more than 10% in six months. Tata Technologies’ stock price has declined by more than 23% during the last year.
At 10:45 AM, Tata Technologies shares were trading 1.80% higher on the BSE at ₹897.70 each.
