Tata Elxsi today announced the licensing of their AUTOSAR Adaptive platform to Great Wall Motors. Tata Elxsi's AUTOSAR Adaptive platform, developed in collaboration with a leading European OEM, will help accelerate the development of connected autonomous and driverless vehicles.
Tata Elxsi licenses modules and the stack for Classic version 4.3 as well as high computing applications such as Autonomous driving, V2X, predictive analysis, OTA to OEMs, Tier-1 and Semicon companies worldwide.
Commenting on this announcement Zhang Kai, Deputy Chief Engineer, GWM said, "Tata Elxsi has been a Premium Member of the AUTOSAR Consortium since 2008 and provides a comprehensive suite of products and tools for automotive OEMs, suppliers and chip vendors to integrate their AUTOSAR requirements. Also, they will help us with the integration".
"This win gives our AUTOSAR product suite a strong entry into the China market, one of the most advanced automotive markets," said Nitin Pai, SVP, and Global Head of Marketing Tata Elxsi.
Shares of TATA ELXSI LTD. was last trading in BSE at Rs.849.7 as compared to the previous close of Rs. 840.1. The total number of shares traded during the day was 64311 in over 1297 trades.
The stock hit an intraday high of Rs. 855 and intraday low of 828. The net turnover during the day was Rs. 54245303.