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As carmakers rush to build software on wheels, Pune-based KPIT go past Tata Tech

As carmakers rush to build software on wheels, Pune-based KPIT go past Tata Tech
As carmakers rush to build software on wheels, Pune-based KPIT go past Tata Tech
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Synopsis

Following the footsteps of Tesla, traditional carmakers are building the software stack for New Age cars. KPIT Technologies and Tata Technologies are the prime beneficiaries of this trend. However, in the first half of FY24, KPIT edged past Tata Technologies in transportation service revenue. Here’s how.

Call it the convergence of mechanical and electronic worlds. And in March 2015, Elon Musk had made it clear in as many words. Model S is not a car but a ‘sophisticated computer on wheels’, he had said. While many saw this as a threat to traditional carmakers, the New Age cars created a big-ticket business opportunity for outsourced engineering R&D (ER&D) companies years later. So much so that in the last one year, ER&D companies have
( Originally published on Dec 07, 2023 )
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The Economic Times