\n\t\t\t\t\t\t\tFind out more <\/a><\/p>\nThe transaction, part of Porsche\u2019s Sportwagenschmiede 35 plan, will see a TCS subsidiary acquire full ownership of MHP Management- und IT-Beratung.<\/p>\n
MHP has been a wholly owned subsidiary of Porsche AG since it was incorporated on 13 May 1996.<\/p>\n
The consulting business generated revenue of \u20ac828m in 2023 and \u20ac830m in 2024, before declining to \u20ac742m in 2025.<\/p>\n
In addition to Germany, it operates through subsidiaries in Romania, the UK, the US, India and Mexico.<\/p>\n
Alongside the divestment, the two companies have agreed to a five-year strategic partnership worth \u20ac1.25bn, centred on digital technology and artificial intelligence.<\/p>\n
Porsche executive board chairman Michael Leiters said: \u201cBy combining Porsche\u2019s automotive expertise with TCS\u2019s 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.\u201d<\/p>\n
As part of the AI alliance, TCS will establish an AI Mobility Centre of Excellence dedicated exclusively to Porsche, with responsibility for developing and expanding AI-driven applications across manufacturing, engineering, operations and customer experience.<\/p>\n
TCS CEO and managing director K Krithivasan said: \u201cAs AI, software and data redefine the automotive industry, this partnership brings together TCS\u2019 capabilities in AI, engineering and technology and business transformation with MHP\u2019s strong automotive consulting expertise.<\/p>\n
\u201cTogether, we will industrialise AI at scale for Porsche, accelerating innovation across the value chain to deliver intelligent, software-defined mobility experiences of the future.\u201d<\/p>\n
MHP will retain its current brand identity and continue to operate as a separate entity.<\/p>\n
The unit, which employs more than 4,500 people worldwide, has been Porsche\u2019s strategic partner for more than three decades \u2013 a relationship that, Porsche said, will continue under the new ownership structure.<\/p>\n
The deal remains subject to standard regulatory and antitrust approvals and is expected to be finalised in the coming months.<\/p>\n
The MHP disposal comes amid a broader restructuring push at Porsche.<\/p>\n
In July, the carmaker decided to cut a further 5,000 jobs by 2035<\/a>, bringing the total planned reductions at the sports car maker to 9,000 positions.<\/p>\nOn the financial side, Porsche reported that consolidated revenue fell to \u20ac17.23bn, down from \u20ac18.16bn, even as group operating profit rose to \u20ac1.35bn from \u20ac1.01bn.<\/p>\n
Vehicle deliveries declined to 122,306 units against 146,391 in the prior year, and the proportion of sales accounted for by fully electric models eased to 19.4%, from 23.5% previously.<\/p>\n
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