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

Economic Times · 4m

KPIT Technologies, an automotive and mobility-focused software company, has maintained its growth momentum amidst global disruptions. The company has benefited from its strategic investments in electrification and autonomous vehicles, as well as its expansion in European markets. Despite a macroeconomic demand slump, KPIT recorded a 40% growth in FY 2023-24. The firm's niche in mobility and automotive segments will remain its focus, with a belief that they can triple their size. KPIT sees opportunities in areas such as operating system architectures and consumer experiences. Asia, particularly Japan, Korea, and India, is driving the company's growth. KPIT's CEO believes India can navigate global uncertainties by moving up the value chain and effectively managing AI disruptions. Collaboration with countries like Taiwan can also enhance growth prospects.