Shares of Infosys Ltd. are trading flat after reaching a day’s high of Rs 1,915.80 on 26th September, following the company’s announcement of a strategic collaboration with Swedish electric car brand Polestar to establish a new technology hub in Bengaluru.

The partnership between Infosys and Polestar focuses on advancing key areas such as in-car infotainment, software and electrical/electronics (SW&EE) engineering, user experience, and cloud-powered digital services.

Infosys will leverage its recent acquisition of in-tech in the R&D sector to support this collaboration, enhancing the development of Polestar’s next-generation automotive technologies.

The hub will focus on developing and validating EV software across various domains, including infotainment, Advanced Driver Assistance Systems (ADAS), and telematics, while also supporting Polestar’s product management, customer engagement, and corporate solutions.

Polestar will benefit from Infosys’ strategic resources, such as engineering labs, design studios, and Infosys Living Labs, which will accelerate innovation and enhance direct-to-consumer digital services through cloud-native development, testing, and data engineering.

So far in 2024, the stock has surged by almost 24%. As of now, the company’s market capitalisation rose to Rs 794,347 crore.

At 10:40 AM, the shares of Infosys were trading 0.90% higher at Rs 1,912.40 on NSE.

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