KPIT Technologies has secured a strategic long-term partnership worth over $50 million with a global off-highway equipment and machinery leader as demand for software-defined industrial mobility platforms accelerates globally.
The engagement focuses on large-scale software-defined transformation of next-generation machine platforms, the company said while announcing its Q4FY26 results.
KPIT also entered into strategic partnerships with a leading Japanese Tier-1 supplier for next-generation digital cockpit programs catering to multiple global OEMs.
The company recorded total engagement wins worth $349 million during Q4FY26, including two large strategic deals.
KPIT reported Q4 revenues of $185 million, growing 12% year-on-year, while EBITDA margins stood at 20.6%.
The company said growth was led by the off-highway segment and connected vehicle business.
Commenting on the performance of FY26, Kishor Patil, Co-founder, CEO and MD, KPIT said,
“The Trade and Geopolitical uncertainties impacted the mobility industry last year, hindering their investment in new platforms. The situation has improved as we begin FY27 with enough growth headroom available in automotive software as evidenced by the decent wins this quarter. AI is now core to Automotive Engineering and favors domain focused players since Automotive AI must meet safety and regulatory standards. KPIT Mobility Intelligence Product (Beacon) is in pole position, corroborated by enhanced interest from major OEMs. KPIT pivot towards domain and AI led Products & Solutions is layered on delivery to improve long term value capture for our clients, as demonstrated by recent wins. KPIT transformation is exciting and we are confident of improved performance in the years to come.”
Sachin Tikekar, President and Joint MD, KPIT said,
“OEMs are under immense pressure to swiftly introduce new products and features to maintain their competitive edge. Simultaneously, they face relentless cost constraints. Given our robust relationship with them, we’re actively deploying our products and AI-infused solutions to assist them in effectively reducing their time to market, thereby enhancing our market share. We’ve initiated engagements with several OEMs in the trucks and off-highway sectors. Our current role involves guiding them on their journey towards AI-defined machines. We’ve meticulously crafted a nuanced strategy to expand our business presence in key markets such as India, China, and Southeast Asia. We anticipate the off-highway and micromobility segments, along with the automotive industry, will be pivotal drivers of our growth.”
