"DXP is a driving experience platform," Mobileye Chief Executive Officer Amnon Shashua said in a Bloomberg Television interview. 

The software includes the universal components that all automakers require and lets them add their customization, Shashua said, speaking from the CES conference in Las Vegas, as per the report.

Mobileye will collaborate with M&M to introduce multiple solutions based on Mobileye's next-generation EyeQ 6 systems-on-chip and sensing and mapping software, including an intent to build a full-stack autonomous driving system.

"As more advanced models emerge, we see great opportunities for growth in India and look forward to executing with Mahindra to bring Mobileye SuperVision-based services to one of the most challenging driving environments in the world," Shashua said in a press release.

Price Action: MBLY shares are trading higher by 3.15% to $32.42 on Tuesday.