Latest news with #SachinTikekar
Time of India
31-07-2025
- 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.
Time of India
30-07-2025
- 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.
Yahoo
22-05-2025
- Automotive
- Yahoo
KPIT opens new technology centre in Sweden
KPIT Technologies, an automotive software and mobility engineering firm, has opened a new technology centre in Gothenburg, Sweden to 'drive innovation in mobility'. This marks a significant step in the company's strategic expansion, establishing a presence in the Nordics and reinforcing its commitment to European automotive OEMs. Located in Lindholmen Science Park, the heart of Sweden's automotive and mobility R&D, the new centre is surrounded by industry leaders, academic institutions, and start-ups. This strategic move is a testament to KPIT's vision to reimagine mobility in collaboration with clients, talent, and partners. KPIT president and joint MD Sachin Tikekar said: "Our vision is to reimagine mobility for a cleaner, smarter and safer world. Sweden is a powerhouse of innovation, especially around safe and sustainable mobility, with Gothenburg at its epicenter. "Our presence here allows us to be physically closer to leading Swedish and European OEMs, enabling faster collaboration and solving their core business challenges with our software, hardware design and manufacturing engineering capabilities. "We are excited to work with local talent, harness Sweden's focus on technology and green transition, and co-develop solutions for challenges of mobility OEMS globally." For over two decades, KPIT has been a strategic partner to top European mobility OEMs. The company's expansion into Sweden enhances its existing network, which includes centres in Germany, the UK, France, Italy, and beyond. This extension is part of KPIT's global delivery network that spans the US, Japan, China, Thailand, India, and Tunisia. The inauguration event at Lindholmen was attended by Swedish and European automotive OEMs, academic leaders, and representatives from the Swedish government, Business Sweden, and other key stakeholders. Business Region Göteborg CEO Patrik Andersson said: "This is a strategically important investment for the Gothenburg region. The fact that KPIT Technologies is expanding here strengthens the capacity of our automotive cluster and confirms our city's importance as a global hotspot in software-defined mobility and transport. "We know that the company sees great growth opportunities in Sweden. We warmly welcome their investment in Gothenburg." "KPIT opens new technology centre in Sweden" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Time of India
21-05-2025
- Automotive
- Time of India
KPIT Technologies expands footprint in Sweden with new tech centre
KPIT Technologies , homegrown mobility tech firm , announced its expansion plan in Sweden with the inauguration of its new technology centre at Lindholmen Science Park, Gothenburg, which is at the heart of Sweden's automotive and mobility R&D ecosystem. The Gothenburg center, KPIT's first in the Nordics, will help it collaborate with Swedish and European OEMS and tap into local talent. Sachin Tikekar , President & Joint MD, KPIT Technologies, said, 'Our vision is to reimagine mobility for a cleaner, smarter and safer world. Sweden is a powerhouse of innovation, especially around safe and sustainable mobility, with Gothenburg at its epicenter. We are excited to work with local talent, harness Sweden's focus on technology and green transition, and co-develop solutions for challenges of mobility OEMS globally.' KPIT's entry into Sweden strengthens its European footprint and complements its operations in Germany, the UK, France, Italy, while also enhancing its global delivery network that spans the US, Japan, China and Thailand, India and Tunisia. Recently, the Pune-headquartered firm also expanded its operations in China, with the acquisition of Caresoft Global's engineering solutions business for $191 million. This will help KPIT to deepen its focus on the commercial vehicle segment and expand presence in China as Caresoft has a strong foothold there.
Time of India
21-05-2025
- Automotive
- Time of India
KPIT announces new technology centre in Sweden
KPIT Technologies , a global partner to the automotive and mobility ecosystem for software-defined vehicles, on Wednesday announced the inauguration of its new technology centre in Gothenburg, Sweden. 'The Gothenburg centre is KPIT's first in the Nordics, reflecting a deeper commitment to European OEMs and investment to tap into the region's vibrant talent and innovation ecosystem,' KPIT said in a media release. The new technology centre is located at Lindholmen Science Park, Sweden. 'Surrounded by pioneering Swedish passenger car and commercial vehicle manufacturers, forward-thinking academic institutions, and cutting-edge mobility start-ups, this move reinforces KPIT's long-term vision to reimagine mobility with our clients , talent and partners,' said KPIT. 'Sweden is a powerhouse of innovation, especially around safe and sustainable mobility, with Gothenburg at its epicentre,' said Sachin Tikekar, president and joint MD, KPIT Technologies. 'Our presence here allows us to be physically closer to leading Swedish and European OEMs, enabling faster collaboration and solving their core business challenges with our software, hardware design and manufacturing engineering capabilities.' 'We are excited to work with local talent, harness Sweden's focus on technology and green transition, and co-develop solutions for challenges of mobility OEMs globally,' Tikekar added Live Events For over 20 years, KPIT has been a partner to many European mobility OEMs. 'KPIT's entry into Sweden strengthens its existing presence and will offer best value while working in tandem with centres in Germany, UK, France, Italy, and more — and enhance the global delivery network that spans the US, Japan, China, Thailand, India, and Tunisia,' the statement added. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories 'This is a strategically important investment for the Gothenburg region. The fact that KPIT Technologies is expanding here strengthens the capacity of our automotive cluster and confirms our city's importance as a global hotspot in software-defined mobility and transport,' said Patrik Andersson, CEO of Business Region Göteborg. KPIT is an independent software development and integration partner helping mobility companies. It specialises in embedded software, AI, and digital solutions. The company has engineering centres in Europe, the US, Japan, China, Thailand, and India.
