TCS inks €1.25B strategic deal with Porsche AG

Tata Consultancy Services (TCS) has entered into a five-year strategic deal with Porsche AG, amounting to €1.25 billion. This agreement follows Porsche's acquisition of MHP Management- und IT-Beratung GmbH. The deal aims to establish a long-term partnership focused on industrializing AI across Porsche's operations, including engineering, manufacturing, customer experience, and enterprise transformation. It will also support the delivery of next-generation automotive technology services and software-defined mobility platforms. The partnership will be effective from the closing date of the MHP acquisition.