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Tata Elxsi fell 2.1 percent as it entered into a strategic partnership with CSIR-National Aerospace Laboratories to drive innovations in air mobility. Ola Electric Mobility shares were down 4 percent.
Tata Elxsi and CSIR-NAL have formed a strategic partnership to advance air mobility. The collaboration will utilize NAL's aeronautical expertise and Tata Elxsi's technology in electrification and AI.
Tata Elxsi, a provider of design and technology services, and the CSIR-National Aerospace Laboratories have signed a memorandum of understanding to establish a partnership for advanced air mobility.