Homefinance News

    Tata Motors and Renesas join hands to build semiconductor solutions for India, emerging markets

    Tata Motors and Renesas join hands to build semiconductor solutions for India, emerging markets

    Tata Motors and Renesas join hands to build semiconductor solutions for India, emerging markets
    Profile image

    By CNBCTV18.com  IST (Updated)

    Mini

    Japan-based Renesas Electronics Corporation will help Tata Motors accelerate the development of electric and connected vehicles. The tie-up will also help Tejas Networks, another Tata Group firm, develop semiconductor solutions for next-generation wireless networking.

    Tata Group companies — Tata Motors and Tejas Networks — have announced a partnership with Renesas Electronics Corporation, a Japan-based premier supplier of advanced semiconductor solutions.
    The partnership aims to work on enhancing innovation across electronic systems for India and other emerging markets.
    What's in it for Tata Motors
    With its expertise in semiconductor technology, Renesas will help Tata Motors accelerate the development of electric and connected vehicles. The collaboration will help Tata Motors develop next-generation automotive electronics.
    To address ever-evolving consumer aspirations, the companies will also explore a non-exclusive partnership on emerging technologies such as advanced driver-assistance systems (ADAS).
    Speaking to CNBC-TV18 in April, Rajesh Khatri, vice president-PV Operations, Tata Motors, had said that the automaker was implementing various measures to reimagine global supply chain dynamics to tackle chip shortage.
    “Global semiconductor shortage issue continues to haunt the automotive industry in particular. As we plan for the future, it is time to reimagine our supply chain strategies to be future-ready,” he had said.
    Tata Motors had recently warned of production halts and price hikes due to the continued China lockdowns, which are affecting chip procurement.
    How will Tejas Networks benefit
    Under the partnership, Renesas will also help Tejas Networks implement the design and development of semiconductor solutions for next-generation wireless networking. The initial idea is to roll out products and solutions for the Indian markets and then expand globally.
    This is not the first time Tata Group companies have collaborated with Renesas as technology and business partners.
    TCS likely to strike a deal, too
    Their most recent project together is the next-generation EV Innovation Center (NEVIC) by Renesas and Tata Group’s Tata Elxsi in March 2022.
    Renesas also plan to partner with Tata Consultancy Services (TCS) to establish a Joint System Solution Development Center in Bengaluru.
    The planned innovation centre would focus on comprehensive system solutions for the Internet of Things, infrastructure, industrial and automotive segments by leveraging Renesas’ semiconductor solutions and TCS’ industry experience.
    arrow down

      Market Movers

      View All
      CompanyPriceChng%Chng