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Porsche signs $1.5 billion five-year AI deployment deal with India's TCS, which will acquire Porsche's MHP unit
German sports carmaker Porsche has signed a five-year contract worth 1.25 billion euros ($1.46 billion) with India's largest IT services firm, Tata Consultancy Services (TCS), for artificial intelligence deployment. As part of the deal, TCS will acquire Porsche's IT consulting business, MHP, for 320 million euros. The partnership aims to boost Porsche's innovation, efficiency, and competitiveness in the data- and software-driven mobility sector, aligning with Porsche's "Sportwagenschmiede 35" strategy to improve profitability and cash flow.
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