Tata Elxsi Ltd.

BSE: 500408 | NSE: TATAELXSI
Small Cap | IT - Software
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Tata Elxsi executes MoU with Nidec Corporation

Date: 23-07-2024

Tata Elxsi has executed a memorandum of understanding (MoU) with Nidec Corporation. The execution of the 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. 

Tata Elxsi is a global design and technology Services Company and works with customers across industries such as automotive, broadcast, healthcare and telecom for product and software development.