Tata Elxsi, Infineon partner to boost EV innovation in India

Tata Elxsi (BSE: TATAELXSI) and Infineon Technologies have signed a Memorandum of Understanding (MoU) to develop application-ready EV systems for the Indian market. The collaboration focuses on solutions for two-wheelers, three-wheelers, passenger vehicles, and commercial vehicles. This partnership aims to leverage Tata Elxsi's design and integration expertise with Infineon's semiconductor technologies to enable faster adoption of cost-optimized, safety-compliant EV subsystems. The initiative supports India's rapid electrification goals, including NITI Aayog's target of 80% electrification of 2W and 3W and 70% of CVs by 2030. Infineon reported revenue of approximately EUR 15 billion in fiscal year 2024.