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I am asked why am I invested in $KPIT Technologies Ltd - some thoughts, open to feedback.
1. A car is becoming more "software" than hardware & I believe KPIT is the highest capability play in the autonomous car & EV technologies (70% revenue from innovative tech such as ADAS, EV, powertrain, and infotainment). Tata Elxsi is not strong here.
2. Industry growth: Engg. services (ER&D) is growing at 3x traditional IT. Global OEMs are outsourcing more. Auto is the largest sub-segment.
3. Top notch acquisitions: Integrated capabilities via Microfuzzy (won the BMW order post this), Pathfinder and now Future Mobility. I'll why these are big later.
4. Optionality in Hydrogen tech: In short, KPIT is integrated play on Hydrogen tech - designed and tested first Hydrogen Fuel cell car in India. Even demonstrated Hydrogen generation from agri residue (biomass). Read
https://www.thehindubusinessline.com/specials/clean-tech/commercial-vehicles-on-the-green-way/article36303281.ece
1. A car is becoming more "software" than hardware & I believe KPIT is the highest capability play in the autonomous car & EV technologies (70% revenue from innovative tech such as ADAS, EV, powertrain, and infotainment). Tata Elxsi is not strong here.
2. Industry growth: Engg. services (ER&D) is growing at 3x traditional IT. Global OEMs are outsourcing more. Auto is the largest sub-segment.
3. Top notch acquisitions: Integrated capabilities via Microfuzzy (won the BMW order post this), Pathfinder and now Future Mobility. I'll why these are big later.
4. Optionality in Hydrogen tech: In short, KPIT is integrated play on Hydrogen tech - designed and tested first Hydrogen Fuel cell car in India. Even demonstrated Hydrogen generation from agri residue (biomass). Read
https://www.thehindubusinessline.com/specials/clean-tech/commercial-vehicles-on-the-green-way/article36303281.ece