Tata Elxsi shines on inking licensing, integration support deal for driverless car program

06 Jun 2017

Tata Elxsi is currently trading at Rs. 1565.00, up by 73.30 points or 4.91% from its previous closing of Rs. 1491.70 on the BSE.

The scrip opened at Rs. 1508.00 and has touched a high and low of Rs. 1598.00 and Rs. 1496.55 respectively. So far 286086 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1827.00 on 09-Jun-2016 and a 52 week low of Rs. 1021.65 on 21-Nov-2016.

Last one week high and low of the scrip stood at Rs. 1598.00 and Rs. 1313.50 respectively. The current market cap of the company is Rs. 4873.29 crore.

The promoters holding in the company stood at 44.63%, while institutions and non-institutions held 14.87% and 40.50% respectively.

Tata Elxsi has inked licensing and integration support deal with one of the world’s top 5 OEMs for their driverless car program. The company has announced the licensing of its advanced autonomous vehicle middleware platform ‘Autonomai’ to one of the world’s top 5 automotive OEMs for their driverless car R&D.

The Autonomai platform provides carmakers and Tier 1 automotive suppliers with a comprehensive and modular solution covering Perception, GNC and Drive-by-wire systems, to quickly build, test and deploy autonomous vehicles.

This solution supports sensor fusion with a variety of sensors from cameras to Radar and Lidar, and leverages sophisticated artificial intelligence (AI) and deep learning based algorithms to deliver the complex use-case scenarios expected of driverless cars.

Tata Elxsi is a global design and technology services company, headquartered in Bangalore. It addresses the automotive, broadcast and communications, consumer electronics and healthcare industries.

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