Tata Elxsi shares touched a day high of ₹3,671.90 on Tuesday after the company announced a partnership to build an electric aircraft.

The IT and engineering services company has signed an agreement with Sarla Aviation, a startup working on advanced air mobility, to jointly develop Shunya.

This aircraft is being described as India’s first indigenous eVTOL, which stands for electric vertical take off and landing, essentially a flying vehicle that doesn’t need a runway to take off or land.

The agreement was formally signed at Sarla Aviation’s newly opened headquarters in Bengaluru. Here’s how the work will be divided between the two companies.

Tata Elxsi will handle the engineering side of things, including avionics, flight control systems, software integration, and the testing and certification work needed before the aircraft can actually fly.

The company may also contribute to areas like navigation software and structural design as the project progresses.

Sarla Aviation, on the other hand, will continue to lead the overall design and development of Shunya, along with getting it formally certified.

The aircraft itself is designed to carry six passengers plus a pilot, with a flying range of over 300 kilometres.

It’s built to combine vertical takeoff with the kind of cruising efficiency you’d expect from a regular fixed wing aircraft.

Both companies are aiming for Shunya’s first test flight within the next 18 to 24 months, with certification work expected to follow after that.

Beyond passenger travel, the companies see potential uses for this technology in areas like logistics, air ambulance services, and defence related applications.

This move builds on Tata Elxsi’s existing work in connected and electric transportation systems, extending that expertise into a completely new category of aviation.

Tata Elxsi ended the day at ₹3,638.00 on the NSE, up 1.66%.

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