KPIT Tech jumps 8% on BMW deal win

Mumbai: KPIT Technologies jumped nearly 8 per cent in Wednesday's session after the company said it has won a strategic lead from automobile major BMW Group for next generation charging electronics program.

KPIT shares rose as much as 7.93 per cent to Rs 102 in opening trade. At 9:35 am, they were up 4.34 per cent at Rs 98.60, while benchmark Sensex was up 0.74 per cent at 43,598.68.

The IT services firm did not disclose the financial details of the deal, and said the engagement covers software development, integration, and maintenance of combined power train coordination unit including charging control and extends over several years.


The combined powertrain coordination unit is designed to power the next generation power electronics architecture of BMW Battery Electric Vehicles (BEV’s) and involves software development, integration, and maintenance.