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The Economic Times
The Economic Times
Anupam Nagar

Global Market: Porsche stock falls as MHP sale, weak revenue keep investors on edge

Porsche MHP TCS Volkswagen China Porsche SE

Porsche AG shares came under pressure as investors weighed the German luxury automaker’s decision to sell its management and IT consulting subsidiary MHP to Tata Consultancy Services (TCS) against a weaker revenue performance in the latest quarter.

Porsche agreed to transfer MHP to TCS for an enterprise value of €320 million. The transaction is part of a broader five-year strategic partnership under which TCS will provide technology and artificial intelligence services to Porsche. Reuters reported that the wider services agreement is valued at €1.25 billion, highlighting the growing role of technology and AI in Porsche’s operations.

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