- TCS is set to acquire Porsche's IT consulting unit MHP for $373 million.
- The two companies have also inked a 5-year partnership deal worth $1.46 billion.
- The partnership, part of Porsche's 'Sportwagenschmiede 35' strategy, will focus on an AI-driven transformation of the brand's engineering, manufacturing, operations, customer experience, and enterprise functions.
- TCS will also help develop next-gen automotive technology services and software-defined mobility platforms.
- TCS CEO K Krithivasan stated, 'As AI software and data redefine the automotive industry, this partnership brings together TCS’s capabilities in AI, engineering, technology, and business transformation with MHP’s strong automotive consulting expertise.'
- Krithivasan added, 'Together, we will industrialise AI at scale for Porsche, accelerating innovation across the value chain to deliver intelligent, software-defined mobility experiences of the future.'
- Porsche CEO Dr Michael Lieiters remarked, 'Porsche is taking another important step in its strategy to focus resolutely on its core business with the transfer of MHP to Tata Consultancy Services. At the same time, we are gaining a strategic partner in TCS. By combining Porsche’s automotive expertise with TCS’s digital technology and AI capabilities, we will further strengthen our innovative power, increase efficiency, and boost our competitiveness in an increasingly data and software-driven world of mobility.'
Tata Consultancy Services (TCS) is acquiring MHP Management, a technology and consulting unit of Porsche, for $373 million. This acquisition is complemented by a five-year partnership worth $1.46 billion aimed at driving AI transformation across Porsche's operations.12
MHP specializes in business consulting and software-defined mobility, and the partnership aligns with Porsche’s “Sportwagenschmiede 35” strategy. It will focus on an AI-driven transformation of the brand’s engineering, manufacturing, operations, customer experience, and enterprise functions.3
TCS will also assist in developing next-generation automotive technology services and software-defined mobility platforms. TCS CEO K Krithivasan stated, “As AI software and data redefine the automotive industry, this partnership brings together TCS’s capabilities in AI, engineering, technology, and business transformation with MHP’s strong automotive consulting expertise.”45
He added, “Together, we will industrialise AI at scale for Porsche, accelerating innovation across the value chain to deliver intelligent, software-defined mobility experiences of the future.”6
Porsche CEO Dr Michael Lieiters remarked, “Porsche is taking another important step in its strategy to focus resolutely on its core business with the transfer of MHP to Tata Consultancy Services. At the same time, we are gaining a strategic partner in TCS. By combining Porsche’s automotive expertise with TCS’s digital technology and AI capabilities, we will further strengthen our innovative power, increase efficiency, and boost our competitiveness in an increasingly data and software-driven world of mobility.”7
“The partnership, part of Porsche's 'Sportwagenschmiede 35' strategy, will focus on AI-driven transformation across engineering, manufacturing, and customer experience. TCS CEO K Krithivasan said the deal will 'industrialise AI at scale for Porsche,' while Porsche CEO Dr Michael Lieiters called it a step to 'focus resolutely on its core business.'”
