Introduction:
Leading Tata Group company has partnered with CSIR-National Aerospace Laboratories (NAL) to drive innovation in advanced air mobility. The collaboration focuses on developing UAVs, UAMs, and eVTOL aircraft, enhancing industries like logistics, defence, and urban transportation.
Share price movement of Tata Elxsi:
On January 8, 2025, Tata Elxsi Limited opened at ₹6,570.00, up 0.88% from its previous close of ₹6,542.25. The stock reached a high of ₹6,595.40 and a low of ₹6,390.60. By 10:30 AM, it traded at ₹6,405.45, a 2.09% decrease, with a market cap of ₹39,895.28 crore.
Tata Elxsi and NAL Partners for Advanced Air Mobility:
Tata Elxsi has partnered with the CSIR-National Aerospace Laboratories (CSIR-NAL) to drive innovation in advanced air mobility. The MoU aims to develop Unmanned Aerial Vehicles (UAVs), Urban Air Mobility (UAM), and electric vertical take-off and landing (eVTOL) aircraft.
The partnership leverages NAL’s expertise in aeronautics and Tata Elxsi’s technological strengths in electrification, AI/ML, sensor fusion, and certification processes. It will help accelerate product development for UAVs, UAMs, and eVTOLs, targeting industries like logistics, defence, agriculture, and urban transportation in global markets.
The collaboration will drive indigenization and contribute to the “Make in India” initiative. The companies aim to build a sustainable innovation ecosystem, including manufacturing, component suppliers, and shaping industry standards and regulations for the emerging air mobility sector.
Stock performance of Tata Elxsi for Period of 1 week, 6 months and 1 year:
Tata Elxsi Limited has experienced a 2.99% decline over the past week, a 7.40% drop over six months, and a significant 24.3% decrease over the past year, reflecting a period of underperformance in the stock.
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Shareholding pattern of Tata Elxsi:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 43.90% | 43.90% | 43.90% |
| FII | 13.70% | 13.70% | 14.60% |
| DII | 7.40% | 6.20% | 6.10% |
| Public | 35.00% | 36.20% | 35.50% |
About Tata Elxsi:
Tata Elxsi Ltd. (NSE: TATAELXSI) is a global leader in design and technology services across various industries, including Automotive, Aerospace, Healthcare, and Communications, specializing in digital technologies like IoT, AI, Cloud, and Virtual Reality to drive innovation.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
