Tata Elxsi Plans To Drive Growth Through Acquisitions

Engineering and industrial design services provider Tata Elxsi, a Tata Group company, plans to buy smaller companies in areas such automotive, media and healthcare, helping it grow business faster. The over Rs1,000 crore company has built capabilities to provide niche automotive design services for driver-less cars and telematics for connected cars.

“Tata Elxsi needs a clear roadmap for 2025 in terms of where it wants to position itself. I am sure they may have it internally, but it should be spoken out too,” said Sanchit Vir Gogia, Chief Analyst and Chief Executive of Greyhound Research.

Source: Business Standard

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