TCS to buyout Porsche’s MHP for €320 million EV in major automotive AI partnership
Tata Consultancy Services (TCS) announced plans to fully acquire Porsche AG’s MHP Management- und IT-Beratung GmbH for €320 million. This acquisition is part of a larger €1.25 billion strategic partnership over five years aimed at enhancing automotive AI capabilities. The deal underscores TCS's commitment to expanding its footprint in the automotive sector.