Shares of KPIT Technologies surged 5% on 30 July after the company announced that it has partnered with JSW Motors to build a software and digital backbone for JSW’s new energy vehicle lineup. 

Under this collaboration, KPIT will contribute its expertise in electric propulsion, battery technologies, and software-defined vehicle (SDV) architecture. This will enable JSW Motors to deliver world-class vehicles with continuous feature upgrades.

Ranjan Nayak, Chief Executive Officer of JSW Motors, said that they are planning to build world-class automotive products in India. Nayak added, “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.”

JSW Motors revealed plans to invest $3 billion over the next five years to develop and manufacture electric, hybrid, and plug-in hybrid vehicles in India. As part of its partnership with JSW, KPIT Technologies will establish a dedicated Centre of Excellence to support the automaker’s clean mobility vision.

KPIT Technologies has previously stated that it is actively exploring AI tools tailored specifically for the mobility sector, aiming to enhance innovation and efficiency in connected, autonomous, and electrified vehicle technologies.

Kishor Patil, CEO & MD of KPIT Technologies, said, “We are looking at how we can make a very automotive-specific or mobility-specific AI agents, platform tools, and along with our accelerators, it creates end-to-end solutions. So we would like to accelerate that part of the journey also during this year.”

In recent years, China’s passenger vehicle market has witnessed a surge in innovation, rapidly introducing new models, features, and greater variety to meet evolving customer demands.

At 3:30 pm, the shares of KPIT Technologies closed 3.50% higher at Rs 1,261, and shares of JSW Energy closed 0.24% higher at Rs 526.05 on NSE.

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