Nidec executes MoU with Tata Elxsi
Nidec Corporation has signed a Memorandum of Understanding on July 22, 2024 with India’s Tata Elxsi, a design and technology service provider, to enable Nidec to utilize Tata Elxsi’s know-how and resources to accelerate Nidec’s group-wide enhancement of its software development capability.
Furthermore, the MoU intends for the Company to develop software programs for India and other markets, and examine how to localize Nidec products, while providing support for establishing and operating a global business base for the Nidec Group’s software development in the future.
Nidec stays committed to providing solutions by utilising its comprehensive drive technology for its diverse product lineup ranging from small precision motors to ultra-large motors.
RELATED ARTICLES
India-EU FTA to Allow Import of 1 Lakh Cars to India Initially at Lower Tariff
Cars priced between 15,000-35,000 euros (around Rs 16.6- 38.8 lakh) will attract a 35% import duty in the first year, wh...
Tools & Equipment Expo 2026 To Bring 300+ Exhibitors To Delhi
Tools & Equipment Expo 2026 will feature 300+ exhibitors, 2,000+ products and 150+ launches at Bharat Mandapam, New Delh...
JSW Combat: Jetour T2-based SUV expected to launch this festive season
JSW Motors’ first model will be a five-seat plug-in hybrid SUV, expected to be priced between Rs 30 lakh and Rs 50 lakh....


23 Jul 2024
Kiran Murali
