Tata Technologies IPO Launches Amidst Questions on Tata Elxsi's Existence
Tata Technologies’ IPO has been launched with a subscription status of 2.38 times on the first day, priced between ₹475 to ₹500 per equity share. Confusion arises among investors regarding the existence of both Tata Technologies and Tata Elxsi within the Tata Group, considering their focus on the auto industry. Let’s delve into the differences between these two companies. Core Business Models: Tata Technologies: Primarily engages in hardcore engineering and manufacturing, focusing on product and process improvement, especially in the manufacturing sector. Tata Elxsi: Specializes in design and software engineering services, crafting the look and feel of products and developing software for diverse sectors. Primary Industries Focus: Both companies have a significant presence in the automobile industry, with Tata Technologies relying heavily on it, contributing about 88% of its income in the first half of the financial year. Tata Elxsi, while earning 46% from the automobile se...