Tata Technologies shares rally over 3% as firm partners with Telechips for software-defined vehicles; key things to know

Under the strategic partnership, the two companies aim to develop innovative solutions for ADAS (advanced driver-assistance system) platforms, automotive cockpit domain controllers, and central and zonal gateway controllers that will accelerate the realisation of software-defined vehicles (SDVs), Tata Technologies said in a statement.

Telechips CEO Jang-Kyu Lee said, "By combining our advanced semiconductor solutions with their expertise in vehicle software and hardware integration, we are paving the way for safer, smarter, and more connected mobility solutions, enabling OEMs to lead in the SDV era."

The collaboration will focus on co-developing a scalable software framework for ADAS and autonomous vehicle platforms, leveraging artificial intelligence to enhance situational awareness and decision-making capabilities, the statement said.

The partnership addresses critical industry needs such as real-time updates, seamless connectivity, and enhanced safety, it added.

In October 2024, Tata Technologies and BMW Group announced the official launch of their joint venture, BMW TechWorks India, which, as per the companies, will innovate automotive software, including software defined vehicles (SDV) and digital transformation solutions for business IT.

With the final signing of the contracts and the approval of the authorities, the JV will commence operations with 100 employees across key technology hubs in Pune, Bengaluru, and Chennai.

The 50:50 JV is set to scale rapidly, targeting a four-digit workforce by the end of 2025, with a strong emphasis on attracting India's top engineering talent.