<keyword id="42747" type="General" weightage="100" keywordseo="tata-motors" source="Orion">Tata Motors</keyword> completed onboarding 500,000 vehicles onto the connected vehicle platform (<keyword id="213713" type="General" weightage="80" keywordseo="cvp" source="Orion">CVP</keyword>) that caters to its entire range of commercial, passenger and electric vehicles, <keyword id="80005" type="General" weightage="80" keywordseo="tata-elxsi" source="Orion">Tata Elxsi</keyword> said on Wednesday. In early 2019, Tata Motors collaborated with Tata Elxsi to adopt and adapt the <keyword id="2762594" type="General" weightage="80" keywordseo="tether" source="Orion">Tether</keyword> connected vehicle platform (CVP) towards a common standard technology stack to deliver scalability, differentiated features, high performance and expandable to Industry 4.0 to transform their internal operations, according to a statement from Tata Elxsi shared with exchanges. This would help original equipment manufacturers (OEMs) convert data and insights into enhanced customer experience, lower costs, and monetisation, the company said. Tether, Tata Elxsi's connected vehicle platform (CVP), is a cloud-based Internet of Things (IoT) data platform that enables automotive customers to offer a range of customer-centric and digitally-enhanced features. With customer-centric features, the CVP aims to improve the user's comfort, convenience, and safety, the company statement said. Automotive customers means companies in the territory that are original equipment manufacturers of passenger cars or light trucks. Tata Motors deployed the Tether CVP under the brands of Fleet Edge for commercial vehicles, iRA for passenger vehicles and Zconnect for electric vehicles, which offer features like track and trace, geo-fencing and alerts, driver behaviour monitoring, fuel-efficiency monitoring, Tata Elxsi said. In addition, they enable secure and selective access to the platform and relevant data with its wider partner ecosystem, including dealers, and suppliers, to enrich customer experience. Tether CVP was built as a modular platform, which can be scaled up to offer a wide range of solutions with third-party applications through application programming interfaces (APIs). In addition, it is a fifth-generation (5G)-ready platform with additional capabilities that would serve OEMs. Rajendra Petkar President and Chief Technology Officer, Tata Motors, said, "In line with Tata Motors stated objective of offering differentiated products based on our CESS philosophy (connected, electrified, safe and shared), we are delighted to have partnered with Tata Elxsi..." Tata Elxsi brings strong automotive electronics experience, coupled with an excellent understanding of cloud-based applications, data governance and the latest user experience capabilities. <keyword id="8789462" type="General" weightage="50" keywordseo="manoj-raghavan" source="Orion">Manoj Raghavan</keyword>, Managing Director and Chief Executive Officer, Tata Elxsi, said, "We congratulate Tata Motors and are proud to be a strategic partner to help them in achieving their vision for the future of mobility that is connected, electric, safe and shared." SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/flipkart-fined-by-bengaluru-consumer-court-for-not-delivering-cellphone/articleshow/96728111.cms">Flipkart fined for not delivering cellphone after receiving payment in advance</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/torrent-stalls-reliance-capital-resolution-process-with-an-interim-stay/articleshow/96727967.cms">Torrent stalls Reliance Capital resolution process with an interim stay</a>

Tata Motors brings 500,000 vehicles onboard its data platform Tether

<ul><li>The Tata Group company has more than doubled investor money in the last one year while also growing with strong figures.</li><li><keyword id="80005" type="General" weightage="20" keywordseo="tata-elxsi" source="Orion">Tata Elxsi</keyword> is the seventh largest Tata Group company with a market capitalisation of ₹49,585 crore.</li><li>In the Jan-March quarter, Tata Elxsi’s profit grew nearly 40% and the firm declared ₹42.50 dividend per share.</li></ul>Design and technology services provider Tata Elxsi has turned a multibagger stock in the last one year as it more than doubled investors’ money during the period. Tata Elxsi is among the 17 Tata Group companies listed on exchanges with a market capitalisation of ₹49,585 crore. The company’s net profit for the January-March quarter grew nearly 40% year-on-year to ₹160 crore while revenue grew at ₹681 crore. Along with strong quarterly numbers, the company’s board has recommended a final dividend of ₹42.50 per share for FY22. <div type="image" title="tata elxsi prft" height="900" width="1200" msid="90975131" hostid="261"></div>“This has been the strongest year of growth in the company’s history and an all-round performance across business units, industries and geographies,” said Manoj Raghavan, chief executive officer (CEO) and managing director of Tata Elxsi. Further, he said that the company intends to hire more people to continue the strong growth. In FY22, the company hired 2,014 employees with a total headcount at 9,376. “On the whole, it has been a great performance amidst a year of pandemic-led disruptions and supply related challenges across the industry. We continue to invest in building our talent pipeline to fuel continued growth,” he added. <div type="image" title="tata elxsi 2" height="900" width="1200" msid="90975144" hostid="261"></div>The company claims to be amongst the world’s leading providers of design and technology services across industries including automotive, broadcast, communications, healthcare and transportation. <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[<blockquote class="stocktwits-embedded-post" data-origin="https://stocktwits.com" data-id="453664115"> $TATAELXSI.NSE Only Bullish Stock in IT sectorDecent set of numbers in Q4We can expect 9000/10000 soon with SL at 7700 &mdash; (@CuriousCommunity) <a href="https://stocktwits.com/CuriousCommunity/message/453664115"> April 21, 2022</a></blockquote><script async src="https://stocktwits.com/min/widgets.js" charset="utf-8"></script>]]></cdata></div> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/investor-bill-ackman-booked-a-400-million-loss-on-his-billion-dollar-netflix-investment/articleshow/90973051.cms">This billionaire investor booked a $400 million loss on his billion dollar Netflix investment</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/dream11s-parent-marks-its-foray-into-web3-by-investing-in-cricket-nfts-startup-rario/articleshow/90972760.cms">Dream11’s parent marks its foray into Web3 by investing in cricket NFTs startup Rario</a>

This multibagger Tata Group stock doubled investors’ wealth in a year

New Delhi, Jan 13 () Tata Elxsi on Monday said its net profit has increased 14.2 per cent to Rs 75.42 crore for the December 2019 quarter.
 The company had registered a net profit of Rs 65.99 crore in the year-ago period, Tata Elxsi said in a regulatory filing.
 Its revenue from operations rose over 4 per cent to Rs 423.43 crore for the said quarter from Rs 407 crore for the corresponding period a year ago, it added.
 Software development and services contributed Rs 409.8 crore, while system integration and support services accounted for Rs 13.63 crore of the said quarter's revenue.
 In a statement, the company said it had reported all-round quarter-on-quarter (q-o-q) growth across key verticals, business divisions and geographies in the reported quarter.
 The transportation vertical grew 10.4 per cent q-o-q, while healthcare grew faster at 40.6 per cent.
 Media and Communications delivered steady growth at 5.3 per cent q-o-q. The design business also showed strong growth at 9.9 per cent q-o-q.
 "This is a great quarter for the company with the highest ever top-line in its history with double-digit growth in transportation and Healthcare verticals," Tata Elxsi CEO and Managing Director Manoj Raghavan said.
 This performance was led by strong execution and ramp-ups in large deals won in the previous quarters along with the addition of leading customers and wins in the electric vehicles, medical devices and the OTT segments, he added. SR SHW
SHW

Tata Elxsi Q3 net profit up over 14% to Rs 75.4 cr

New Delhi, Feb 17 () Design and technology services firm Tata Elxsi on Monday announced partnership with group firm Tata Motors for developing a unified connected vehicle platform. The partnership will aid Tata Motors, which is in the process of offering connected vehicle feature as a key differentiator to most of its BS-VI range of passenger and commercial vehicles, the company said in a statement. Through a collaboration, Tata Motors and Tata Elxsi developed a cloud-based internet of things (IoT) platform that provides the automobile major with a common standard technology stack that delivers the scalability and high performance required to support the entire range of electric, commercial and passenger vehicles, it added. This unified cloud native approach will enable data and analytics synergies for Tata Motors, across product development, customer use cases, dealerships, allied businesses and service networks, enabling innovations in customer experience, offerings, services and business models, the statement said. Tata Motors' Nexon EV is the first application-enabled vehicle, with a number of connected vehicle features, it added. Commenting on the partnership, Tata Elxsi Managing Director and CEO Manoj Raghavan said the connected vehicle programme will help unify and synergise data through a common digital services platform enabling completely new services, innovative business models and enhanced customer experience. Tata Motors President and Chief Technology Officer Rajendra Petkar said, "Tata Elxsi brings strong automotive electronics experience, coupled with an excellent understanding of cloud-based applications, data governance and world-class user experience capabilities. The collaboration between the two teams has been outstanding and will continue to ensure a wonderful customer experience." The partnership is in line with Tata Motors' stated objective of offering differentiated products based on CESS philosophy (connected, electrified, safe and shared) and it not only allowed taking a decision of developing a native platform for the connected vehicle programme, but also helped Tata Motors jump-start and meet critical product launch timelines, he added. RKL HRS

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