Tata Elxsi's transportation vertical witnesses 26% YoY growth

This is on the back of robust demand for software defined vehicles (SDVs).

Autocar Professional BureauBy Autocar Professional Bureau calendar 17 Oct 2023 Views icon5400 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Tata Elxsi's transportation vertical witnesses 26% YoY growth

Tata Elxsi on Tuesday reported a net profit of Rs 200 crore in Q2 FY24, which is a 14.8% jump year-on-year (YoY) over the year ago period.  

Tata Elxsi is a technology-led solutions provider to auto and other industries. 

The company's revenues from operations stood at Rs 881.7 crore during the same period, translating to a15.5% spike on a year on year basis. 
 
The transportation sector which forms a major pillar of Tata Elxsi's growth, contributed 26.1% growth YoY, aided by large deals and strong traction in software defined vehicle (SDV) engagements, the company said. 
 
Manoj Raghavan, CEO and Managing Director, Tata Elxsi commenting on the company’s performance in the second quarter of FY24, said: “Our Transportation business, which accounts for 46.2% of the revenue coming from three verticals, witnessed strong growth of 7.1% QoQ and 26.1% YoY. During the quarter, we also won a landmark multi-year large deal for SDVs  from one of the leading Automotive OEMs".
 
 

Tags: Tata Elxsi
RELATED ARTICLES
ZELO Electric Introduces Limited-Edition Pink Scooter to Mark International Women's Day
ZELO Electric Introduces Limited-Edition Pink Scooter to Mark International Women's Day

auther Sarthak Mahajan calendar06 Mar 2026

The Knight+ Rani Edition, priced at ₹69,990, is limited to 999 units and features a baby pink colourway with white contr...

READ MORE arrow
Uber Launches Intercity Bus Ticketing in India, Its First Market Globally for the Service
Uber Launches Intercity Bus Ticketing in India, Its First Market Globally for the Service

auther Sarthak Mahajan calendar06 Mar 2026

The ride-hailing platform partners with AbhiBus to offer long-distance bus bookings, expanding its intercity travel port...

READ MORE arrow
Asian Automakers Brace for Billions in Losses as Middle East Conflict Chokes Key Shipping Route: Reuters
Asian Automakers Brace for Billions in Losses as Middle East Conflict Chokes Key Shipping Route: Reuters

auther Autocar Professional Bureau calendar06 Mar 2026

Fears of Iranian attacks have caused cargo movement along the Strait of Hormuz to grind to a halt, sending shockwaves th...

READ MORE arrow
MOST READ

POLL OF THE MONTH

Can GST Cuts Give Long-term Boost to Auto Sales?

Can GST Cuts Give Long-term Boost to Auto Sales?

Yes

 

64.47%

No

 

35.53%

Total Votes : 788