Focus on autonomous vehicles, EU expansion drive KPIT’s growth

Amid the multiple disruptions facing the world, from supply chains to the advent of AI, KPIT Technologies has maintained its growth momentum benefiting from the strong bets it took in areas like electrification and autonomous vehicles and expansion in geographies like Europe at the right time, its MD and CEO Kishor Patil said.

The automotive and mobility-focused software player registered about 40% growth in fiscal 2023-24 even as top guns in India’s $250 billion software export industry recorded subdued growth facing a macroeconomic demand slump. KPIT stock generated 601.72% return as compared to Nifty IT which gave investors 27.71% return over a three year time period. (as of last trading session)