Latest news with #JSWMotors
Time of India
a day ago
- Automotive
- Time of India
KPIT bets on AI-led mobility to fuel growth; partners with JSW Motors for SDVs
KPIT Technologies is banking on artificial intelligence (AI)-driven transformation and deeper engagement with global automakers to steer its next phase of growth. The Pune-based engineering and software integration firm outlined a future strategy revolving around software-defined vehicles (SDVs), electrification, and autonomous technology . For the quarter ended June 2025, KPIT reported a consolidated revenue of ₹1,345 crore, a growth driven largely by programmes across autonomous, electric, and SDV domains. The company is deepening ties with OEMs globally and in India, while also forging new partnerships, said the top management. The company has partnered with JSW Motors to develop software and digital infrastructure for software-defined new energy vehicles. Co-founder, CEO and MD Kishor Patil, at the company's Q1 earnings call, described it as a 'clean-slate opportunity". He added that KPIT and JSW are co-developing a high-performance software-defined vehicle that will be built from the ground up. AI-driven future The company is also intensifying its focus on AI integration, with more than 75 per cent of ongoing programmes incorporating AI-driven applications such as advanced driver assistance systems (ADAS), vehicle diagnostics, testing and simulation. KPIT is building proprietary AI accelerators and platforms, and expects generative AI to enhance productivity across engineering cycles. 'We're not doing PoCs with AI. These are production-grade, integrated AI platforms going into next-gen vehicles,' said Sachin Tikekar, President and Joint MD. The company has invested ₹60 crore in R&D so far this fiscal and plans to increase investment in specialised software stacks across high-performance computing, AUTOSAR, battery management systems and vehicle electrification. In parallel, the company will focus on expanding its global reach with new client additions, while also deepening its existing engagements, stated the top management. A boost in talent recruitment With AI and software becoming central to mobility, KPIT also revealed its plans to ramp up hiring. It plans to add over 2,500 engineers this year, with a sharp focus on software engineering talent. The recruitment drive will cover both experienced professionals and fresh graduates, particularly across India and Eastern Europe. For KPIT, India and China remain two key markets. However, the company noted that India is now becoming a strong market for them with globally competitive OEMs. For them, India is not just a technology centre but a significant market for mobility innovation.
Economic Times
2 days ago
- Automotive
- Economic Times
JSW Motors, KPIT partner to build software, digital backbone for new energy vehicles portfolio
JSW Motors and KPIT Technologies have formed a strategic partnership to build software and digital backbone for a new energy vehicles portfolio, a release said on Wednesday. Leveraging its global best practices and technical capabilities, KPIT will set up a dedicated center of excellence for JSW Motors, the release said. JSW Motors, the newly-launched automotive business vertical of the JSW Group, is investing USD 3 billion over the next five years to develop and manufacture electric, hybrid, and plug-in hybrid vehicles in India. The company's first New Energy Vehicle (NEV) is set to debut on the Indian roads in the second half of FY2026. With a 630-acre automotive hub under development in Bidkin, Maharashtra, JSW Motors is combining global standards with local relevance to drive high-performance, sustainable vehicles to Indian consumers, the release added. The JSW Motors and KPIT Technologies' partnership aims to leverage the latter's expertise in software and systems development (of over two decades across more than 2,000 global vehicle production programmes, including multiple Software Defined Vehicle programmes) and will strengthen JSW Motors' vision to disrupt the domestic automotive market through innovation and global collaboration. The companies did not divulge the size of the deal. KPIT management during the company's earnings call on Wednesday said the partnership is initially for three years, and revenue will start flowing in from the next quarter onwards. According to the release, the partnership underscores KPIT's strategic commitment to the Indian market and, along with JSW, "promises to deliver superlative customer experiences and accelerate India's transition to clean mobility". Kishor Patil, CEO and MD of KPIT Technologies, said: "KPIT is proud to partner with JSW Motors in their ambitious journey to transform India's automotive landscape. Our experience across global vehicle programmes and SDV positions us uniquely to contribute to JSW's vision". This partnership reflects strategic focus on the Indian market and shared commitment to delivering cutting-edge technology that enhances customer experiences and accelerates clean mobility, he said. "The partnership will include KPIT bringing advanced competencies in electric propulsion systems, battery innovation, and SDV architectures that enable continuous feature upgrades and superior consumer experiences," Patil informed. Ranjan Nayak, CEO of JSW Motors, said: "We plan to build world-class automotive products in India by integrating the best of technologies from across the globe. KPIT's expertise in software and systems development is a cornerstone of our strategy to deliver best-in-class, technologically-advanced, high-performance, and sustainable vehicles." Together, the two sides aim to energise the Indian auto ecosystem and set new benchmarks for innovation and customer satisfaction, Nayak added. PTI
Time of India
2 days ago
- Automotive
- Time of India
JSW Motors, KPIT partner to build software, digital backbone for new energy vehicles portfolio
Synopsis JSW Motors and KPIT Technologies have partnered to develop the software and digital infrastructure for JSW's new energy vehicle portfolio. KPIT will establish a dedicated center of excellence for JSW Motors, which is investing USD 3 billion to manufacture electric, hybrid, and plug-in hybrid vehicles in India.
Business Standard
2 days ago
- Automotive
- Business Standard
KPIT Technologies partners with JSW Motors
To collaborate on clean mobility JSW Motors and KPIT Technologies today formed a strategic partnership, aimed at redefining the future of mobility in India. Aiming to leverage KPIT's deep expertise in software and systems development - honed over two decades across more than 2000 global vehicle production programs, including multiple Software Defined Vehicle programs (SDVs) - this collaboration will also further strengthen JSW Motors' bold vision to disrupt the domestic automotive market through innovation and global collaboration. The partnership underscores KPIT's strategic commitment to the Indian market and, along with JSW, promises to deliver superlative customer experiences and accelerate India's transition to clean mobility. JSW Motors, the newly launched automotive business vertical of the JSW Group, is investing US$3 billion over the next five years to develop and manufacture electric, hybrid, and plug-in hybrid vehicles in India. The company's first New Energy Vehicle (NEV) is set to debut on the Indian roads in the second half of FY2026. With a 630-acre automotive hub under development in Bidkin, Maharashtra, JSW Motors is combining global excellence with local relevance to deliver high-performance, sustainable vehicles to Indian consumers.
Time of India
2 days ago
- Automotive
- Time of India
KPIT Technologies reports ₹1,480 crore revenue in Q1 FY26, EBITDA margin stable at 21%
KPIT Technologies reported financial results for the first quarter of the financial year 2025–26 (Q1 FY26), with consolidated revenue of ₹1,480 crore ($178 million), reflecting a year-on-year growth of 12.8 per cent. EBITDA margin remained at 21.0 per cent. Total contract value (TCV) of new engagements during the quarter stood at $241 million, indicating continued client demand for KPIT's mobility solutions and technology integration capabilities. Focus on AI, platforms, and client-led growth Kishor Patil, Co-founder, CEO and MD, KPIT Technologies, said, 'The performance of Q1 FY26 is in line with our expectations and despite macro challenges we have maintained our EBITDA margins. The mobility industry is going through a lot of fluctuations with geopolitical and tariff-led uncertainties. We believe these will settle down in a quarter.' He added, 'We are continuously reimagining ourselves to enhance our positioning as a global leader, driven by investments in building Solutions, backed by our Platforms, Tools and Accelerators (PTAs). Apart from our current clients and markets, we see opportunities in working on India-for-India solutions to help our clients establish India-specific products. We are confident of growth in H2, led by T25 clients.' Sachin Tikekar, Co-founder and Joint MD, said, 'KPIT is consistently progressing on creating mobility-specific AI 'Specialised Learning Models'. Our mobility-infused AI solutions are creating value for strategic clients. These include validation suites, middleware, benchmarking and cost-reduction tools, which are already being deployed. The KPIT AI framework is bringing productivity benefits and supports our margin stability and resource efficiency.' Strategic collaboration with JSW Motors The company also announced a strategic partnership with JSW Motors to support the development of India-focused new energy mobility solutions. This collaboration is part of KPIT's ongoing effort to expand its role in the domestic automotive ecosystem and support cleaner transportation technologies.
