KYOTO,
Japan and BENGALURU, India, July 23,
2024 /PRNewswire/ -- Nidec Corporation (TSE: 6594)
(OTC US: NJDCY) ("Nidec" or the "Company") today announced that it
has executed a memorandum of understanding (the "MOU") on
July 22, 2024 with India's Tata Elxsi Ltd.
("Tata Elxsi"), a design and technology service
provider.
Tata Elxsi is a Tata Group company that engages in design,
technology development, system integration and software
development. Tata Elxsi's technologies are adopted in autonomous
driving and other types of advanced driver assistance systems,
electrification, connected car solutions, and other automobile
engineering-related services. It also provides services for
broadcasting, telecommunications, healthcare, transportation and
other industries.
The execution of the aforementioned MOU aims to enable Nidec to
utilize Tata Elxsi's knowhow and resources to accelerate Nidec's
group-wide enhancement of its software development capability.
Furthermore, the MOU intends for the Company to develop software
programs for India and other
markets, and examine how to localize Nidec products, while
providing support for establishing and operating a global business
base for the Nidec Group's software development in the future.
Nidec stays committed to providing solutions by utilizing its
comprehensive drive technology for its diverse product lineup
ranging from small precision motors to ultra-large motors.
Tata Elxsi Ltd.
Tata Elxsi is among the world's leading providers of design and
technology services across industries including automotive,
broadcast, communications, healthcare, and transportation.
Headquartered in Bangalore and
part of the Tata group, Tata Elxsi works with leading OEMs and
suppliers in the automotive and transportation industries for
R&D, design, and product engineering services from architecture
to launch and beyond.
It brings together domain experience across autonomous,
electric, connected vehicle technologies, and software-defined
vehicles (SDV), which is supported by a worldwide network of design
studios, development centres, and offices as well as a global pool
of over 13,000 engineers and specialists.
Tata Elxsi's official
website : www.tataelxsi.com/industries/automotive
Nidec Corporation
Nidec is the world's leading comprehensive motor manufacturer
handling everything that spins and moves." With approximately
340 group companies engaging in business in 46 countries around the
world, Nidec utilizes their respective technological capabilities
to design, develop, produce, and sell a diverse lineup of products
ranging from small precision motors to ultra-large motors. Nidec's
motors are adopted in various fields of business, including IT
device, automobile, bike, and commercial and industrial
areas. Nidec stays committed to using its technologies to
provide, at an overwhelming speed, lighter, more compact and
efficient products and solutions that are critical to the
world.
Nidec Corporation's official website:
https://www.nidec.com/en/
Logo:
https://mma.prnewswire.com/media/742257/Tata_Elxsi_Logo.jpg
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SOURCE TATA Elxsi