TCS acquires Porsche arm for Rs 3,575 cr, signs 5-year deal
Tata Consultancy Services (TCS) acquired 100% of MHP Management-und IT-Beratung GmbH, Porsche's IT consulting arm, for ₹3,575 crore. The deal includes a five-year strategic agreement valued at ₹13,967 crore to enhance AI services in Porsche's mobility operations. Regulatory approvals are pending for the acquisition, which aims to innovate across manufacturing and customer experience.