TCS & MHP Secure €1.25 Billion Porsche Deal, Five-Year Partnership To Industrialise AI Across Automaker
Mumbai: Tata Consultancy Services (TCS) and MHP Management - und IT-Beratung GmbH have secured a five-year strategic agreement from automaker Porsche AG valued at €1.25 billion. The agreement follows the acquisition of MHP and will become effective from the closing date of that transaction, TCS said in a regulatory filing. AI Across Porsche Operations The partnership is designed to industrialise…
Mumbai: Tata Consultancy Services (TCS) and MHP Management - IT-Beratung GmbH have entered into a five-year strategic partnership with Porsche AG, valued at €1.25 billion. The agreement, effective upon the closing of the MHP acquisition, aims to industrialise artificial intelligence across Porsche's operations. The collaboration will focus on engineering, manufacturing, operational functions, customer experience, and enterprise transformation.
TCS and MHP will provide next-generation automotive technology services and software-defined mobility platforms, with AI at the core of Porsche's digital transformation strategy. TCS did not disclose the division of work or revenue between itself and MHP, nor the annual contract values or project milestones.
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