2 hrs ago
TCS Announces Porsche Partnership and Best Buy AI Center
Tata Consultancy Services, or TCS, announced two major business agreements.
It will work with carmaker Porsche for five years.
TCS plans to create a center focused on artificial intelligence and mobility.
It also plans to buy all of Porsche's consulting company, MHP, if regulators approve.
Best Buy is transferring its India Global Capability Center to TCS.
TCS plans to turn that center into an AI Capability Center.
The company said its AI business is growing and annualised AI revenue passed $3 billion.
TCS also reported quarterly revenue of ₹73,188 crore.
TCS announced a five-year strategic partnership with Porsche AG.
TCS plans to establish an AI Mobility Centre of Excellence and acquire all of Porsche's consulting subsidiary MHP, subject to regulatory approvals.
Best Buy agreed to transition its India Global Capability Center to TCS for transformation into an AI Capability Center.
TCS reported annualised AI revenue above $3 billion, representing more than 10% of its revenue.
TCS reported Q2 revenue of ₹73,188 crore and total contract value of $9.6 billion.
- Who
- Tata Consultancy Services, Porsche AG, and Best Buy.
- What
- TCS announced a five-year partnership with Porsche, plans to acquire MHP subject to regulatory approvals, and agreed to take over and transform Best Buy's India Global Capability Center.
- Where
- The Best Buy Global Capability Center is in India; MHP is based in Germany.
- When
- The announcements were made alongside TCS's Q2 2026 results; the company said they were announced on Thursday.
- Why
- The partnerships are intended to combine TCS's technology and AI capabilities with Porsche's automotive expertise and Best Buy's retail and enterprise knowledge.
Key facts
- Porsche partnership
- Five-year strategic partnership
- MHP acquisition plan
- TCS plans to acquire 100% of Porsche's Germany-based consulting subsidiary, subject to regulatory approvals.
- Best Buy center
- Best Buy's India Global Capability Center will transition to TCS and be transformed into an AI Capability Center.
- Annualised AI revenue
- More than $3 billion, which TCS said represented more than 10% of its revenue.
- Q2 2026 revenue
- ₹73,188 crore
- Quarterly total contract value
- $9.6 billion
Quotes
Michael Leiters
Porsche CEO
“We are pleased with the broad-based growth in all our international markets and most industry segments. This quarter we announced two unique deals with Porsche and Best Buy which represent a new category of transformation partnerships. Together with our clients, we are building repeatable value platforms that will industrialize AI at scale.”
livemint.com
“By combining Porsche's automotive expertise with TCS' digital technology and AI capabilities, we will further strengthen our innovative power, increase efficiency, and boost our competitiveness in an increasingly data and software-driven world of mobility.”
livemint.com
Ahrey Smith
Best Buy’s Vice President of Technology Strategy and Transformation
“TCS brings that understanding, along with the technology and AI capabilities to build on the team's strengths and meaningful opportunities for employees to continue learning and growing in their careers.”
livemint.com
Sources
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