KPIT Technologies, JSW Motors To Partner for Software for EV, Hybrids

Mumbai, 30 July 2025: KPIT Technologies Ltd has entered into a partnership with JSW Motors to co-develop the software foundation for New Energy Vehicles (NEVs). The deal comes as JSW Motors rolls out a ₹25,000 crore investment plan to develop electric, hybrid, and plug-in hybrid vehicles along with a 630-acre automotive manufacturing facility in Bidkin, Maharashtra.

KPIT to Lead Software Development for JSW Motors’ ₹25,000 Cr NEV Programme

As part of this long-term collaboration, KPIT Technologies will act as the exclusive software and digital technology partner for JSW Motors. The company will contribute key capabilities in electric propulsion, battery management systems, and Software Defined Vehicle (SDV) architecture — the backbone of modern electric vehicles. JSW’s first vehicle under this initiative is slated to launch in the second half of FY26.

KPIT will also establish a dedicated Centre of Excellence solely for JSW Motors, where advanced mobility software will be designed and integrated. This step is expected to accelerate vehicle program timelines, improve energy efficiency, and enhance digital connectivity and user experience in the upcoming NEV lineup.

Strategic Alliance Set to Position Both Firms at the Forefront of India’s Clean Mobility Transition

This alliance aligns with India’s broader objectives to reduce its carbon footprint and shift towards sustainable transport solutions. JSW Motors — backed by the US$23 billion JSW Group — has earmarked significant capital to enter the automotive sector with cutting-edge NEV products. By leveraging KPIT’s two-decade-long experience in over 2,000 global vehicle production programs, the partnership aims to deliver high-performance, technology-first vehicles tailored to both Indian and international markets.

KPIT Technologies CEO Highlights Long-Term Vision for Clean and Smart Mobility

Commenting on the collaboration, Kishor Patil, CEO & MD of KPIT Technologies, said,

“Our deep expertise in SDV platforms and global vehicle software programs makes us a natural partner for JSW Motors’ transformative ambitions. This partnership reflects our shared commitment to building clean, intelligent mobility for India and beyond.”

Ranjan Nayak, CEO of JSW Motors, added,

“KPIT’s engineering excellence forms a core pillar of our automotive blueprint. Together, we are confident of delivering future-ready NEVs that set new benchmarks in safety, innovation, and sustainability.”

KPIT Technologies Reports Solid Fundamentals and Global Software Leadership

KPIT Technologies Ltd is one of the world’s leading automotive software integration firms, with over 12,000 engineers operating across major hubs in Europe, the US, Japan, China, Thailand, and India. For FY24, the company posted a consolidated revenue of ₹4,358 crore and net profit of ₹414 crore.

It continues to see steady demand for its EV and SDV technologies, supported by long-term client relationships with global original equipment manufacturers (OEMs) and Tier-1 suppliers. Its recent focus on clean and smart mobility platforms has positioned the firm as a critical player in the global automotive transition.

KPIT Stock Climbs 3.5% to ₹1,261 on NSE Following JSW Motors Deal Announcement

Shares of KPIT Technologies Ltd surged 3.5% to close at ₹1,261 after the company revealed its strategic NEV partnership with JSW Motors. Investor sentiment was visibly upbeat, driven by expectations of long-term revenue visibility and expansion in clean mobility domains.

The stock opened at ₹1,218.40, touched an intraday high of ₹1,282.90, and saw heavy volumes through the session. At 1:55 PM, KPIT shares were trading at ₹1,216. The company currently has a market capitalisation of ₹34,500 crore, a P/E ratio of 41.08, and a dividend yield of 0.67%. Its 52-week high and low are ₹1,921 and ₹1,020.60 respectively.

JSW Motors to Launch First Electric Vehicle by H2 FY26 as Part of ₹25,000 Cr Investment Plan

JSW Motors, the automotive arm of JSW Group, is planning a massive entry into the electric vehicle segment. The company will invest US$3 billion (approximately ₹25,000 crore) over the next five years to build its NEV portfolio. A key highlight of this plan is a 630-acre state-of-the-art manufacturing facility in Bidkin, Maharashtra, which will integrate design, engineering, testing, and production. Though unlisted, JSW Motors is expected to play a central role in JSW Group’s next phase of diversification and industrial expansion.

KPIT Technologies Drives Global EV and SDV Innovation with 12,000+ Engineers

KPIT Technologies Ltd is a global software integration partner for mobility and automotive firms, driving innovation in electric and Software Defined Vehicles. The company focuses on energy-efficient solutions, autonomous systems, and connected mobility. With operations spanning across six countries and over 12,000 engineers, KPIT serves clients in enabling the shift to clean, safe, and intelligent mobility.

JSW Motors Marks Bold EV Entry as JSW Group Expands Beyond Core Sectors

JSW Motors is a wholly-owned subsidiary of JSW Group, marking its ambitious foray into the electric mobility segment. JSW Group is a diversified conglomerate with businesses across steel, energy, infrastructure, paints, ports, and real estate, with listed entities such as JSW Steel, JSW Energy, and JSW Infrastructure. The launch of JSW Motors reflects the Group’s forward-looking vision to align with India’s sustainability and innovation agenda.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/bbffd772-a6ca-4e67-8964-2b2bbcfb10d8.pdf

Disclaimer:  At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations