TCS slumps 1.5 per cent despite new product launch

Tata Consultancy Services (TCS) has announced the launch of Autoscape Solution Suite to help deliver next-generation autonomous and connected vehicle experience. The announcement was made on Tuesday after the market hours.  

The new product will help the automotive OEMs, suppliers, fleet owners, start-ups to enable connected and autonomous vehicle ecosystems players to pursue new business models, launch new services quickly & deliver differentiated experiences and value to end customers.  

The Autoscape Autonomous Vehicle (AV) solution suite covers the entire end-to-end AV development value chain and other services such as AV data, AV validation & Data Annotation Studio.   

The Autoscape Connected Vehicle solution suite consists of vehicle in cloud, data monetisation toolkit, connected insights, and connected vehicle experience.   

Susheel Vasudevan, Global Head, Manufacturing & Utilities, TCS stated that in the coming years there will be a significant increase in the adaption of connected and autonomous technologies, which will pave the way for its new product demand.

Tata Consultancy Services is an IT services, consulting and business solutions organisation that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology, and engineering services & solutions.  

The shares of TCS were trading flat on Wednesday after the opening bell while it closed at Rs 3158, 0.53 per cent decline over Tuesday's closing price.