Multibagger Tata Group stock in news today; here's why 

Shares of Tata Elxsi are in focus today after the firm said it has joined hands with semiconductor solutions provider Infineon Technologies to build application-ready EV solutions for the Indian market. Tata Elxsi stock ended 0.42% higher at Rs 6446 on BSE on Wednesday. Market cap of the firm rose to Rs 40,148 crore. Total 8504 shares of the firm changed hands amounting to a turnover of Rs 5.46 crore. The multibagger stock has gained 636% in five years and risen 1032% in ten years. 

Both firms will develop ready-to-deploy EV systems for two-wheelers (2W), three-wheelers (3W), passenger vehicles (PV), and commercial vehicles (CV). 

"Tata Elxsi and Infineon will work closely to develop high-voltage inverters for traction and auxiliary systems, scalable battery management systems (BMS), bi-directional onboard chargers, and high-voltage thermal management solutions for the Indian market. This will serve India's fast-evolving 2W, 3W, PV, and CV segments, with future pathways to address eVTOL (electric vertical take-off and landing), energy, and off-highway sectors," it said.

Infineon will provide early access to its latest semiconductor technologies, such as silicon carbide (SiC)-based components, microcontrollers, and integrated circuits (ICs), while Tata Elxsi will work on design, system integration, and validation.

Currently, various Tata Elxsi's EV solutions are already built on Infineon SoCs (systems on chip) and components.

Tata Elxsi is a subsidiary of Tata Sons, holding company of the Tata Group. It provides design and technology services across industries including automotive, broadcast, communications, healthcare, and transportation. The company aims to help customers reimagine their products and services through design thinking and the application of digital technologies such as IoT (Internet of Things), cloud, mobility, virtual reality and artificial intelligence.