KPIT Tech Clocks INR 2,037 Million Net Profit For Q2 FY2025, up 44.7%
- By MT Bureau
- October 24, 2024
Pune-headquartered automotive software major, KPIT Technologies has announced its financial results for Q2 FY2025.
The company reported revenue of USD 173 million, up 19.3 percent YoY. The EBITDA stood at 20.8 percent, up 5.6 percent YoY; profit after tax at INR 2,037 million, up 44.7 percent YoY. It is to be noted that the net profit also includes a one-time gain in Q2 FY2025.
The growth was attributed to the rise in demand for middleware and powertrain domains, led by Asian region and passenger car vertical.
The company has announced that the TCV of new engagements won during Q2 FY2025 came at USD 207 million.
Kishor Patil, Co-founder, CEO and MD, KPIT said, “We are happy to have delivered yet another quarter of well-balanced growth. The mobility industry, specifically the automotive sub vertical, has been under pressure to keep up with the changing regulations, reduce cost of vehicles and meet demands of the ever-changing consumer preferences in recent times. We continue to prioritise investments in technology and markets ahead of demand to help our T25 clients stay on the cutting edge of technology and competitiveness, basis which, we reiterate our revenue growth and profitability outlook for the full year. We have taken an enabling board resolution for fund-raising in view of some of the strategic opportunities that are on the horizon. The actual fundraise will happen only when some of these potential prospects are in advanced stages of discussion.”
Sachin Tikekar, President and Joint MD, KPIT said, “In anticipation of changes in the mobility industry, we have doubled down our efforts to help our T25 clients reduce the cost of their vehicles and cut the time to market in the areas of software and system integration. Our investments in trucks and off-highway sub-verticals are on track to expand market opportunities for us in the mid-term. The efforts on broad-basing growth within our T25 clients are showing promising results. Overall, we have had robust wins during the quarter. Our attrition remains at the lowest level for us, while we commit to further investments in competency and leadership development. We are reaching all milestones concerning the goals set up towards sustainability, in line with our vision of making mobility cleaner, safer and smarter.
Aptiv Inaugurates New Technical Centre In Chennai
- By MT Bureau
- August 18, 2025
Irish American automotive supplier Aptiv has opened its new technical centre in Chennai to accelerate the development of advanced vehicle technology in India. The new facility is set to host up to 500 engineers by 2026, focusing on software-defined vehicles, advanced safety and user experience technologies.
Spanning over 34,000 square feet, the new Software, Advanced Safety & User Experience (AS&UX) Technical Centre will be Aptiv's fourth technical facility in India. It will feature advanced labs and test infrastructure, with a specific focus on AI/ML-powered systems for next-generation Advanced Driver-Assistance Systems (ADAS) and in-cabin perception. The move highlights Aptiv's commitment to supporting local automakers and tapping into India's growing automotive market.
The inauguration was attended by senior leaders from both Aptiv and Mahindra & Mahindra, including Javed Khan, Aptiv's Executive Vice-President and President of AS&UX, and R Velusamy, President of Automotive Business (Designate) at Mahindra.
Javed Khan, said, “We are proud to expand our presence in India with the launch of our new technical centre in Chennai. This centre will strengthen our ability to localise AI/ML-powered ADAS and advanced interior sensing technologies for the Indian market, reflecting our confidence in India’s engineering talent and bringing us closer to our customers – so together, we can build a safer, smarter future here in India.”
The new centre will spearhead the development of key technologies, including advanced ADAS perception tools, in-cabin sensing, and software-defined infotainment platforms. It will also contribute to Aptiv’s cloud-native architecture, leveraging integrated hardware, software and edge technologies from Wind River.
This expansion reinforces Aptiv’s existing presence in India, where the company already employs over 13,000 people across eight manufacturing plants, four technical centres, and a tooling centre. The new Chennai facility is expected to play a crucial role in advancing the company’s mission to enable intelligent, software-defined systems for the global automotive industry.
Ather Energy Expands Charging Network in Tamil Nadu, Reaching 400 Fast Chargers
- By MT Bureau
- August 12, 2025
Bengaluru-headquartered electric vehicle major Ather Energy has announced that its fast-charging network ‘Ather Grid’ has surpassed 400 charging points across Tamil Nadu. This expansion aims to alleviate range anxiety for EV owners and support the growing adoption of electric vehicles in the state.
With charging stations now in 38 cities, including tourist destinations like Coonoor and Rameswaram, the network connects key travel routes such as Coimbatore to Bengaluru and Chennai to Pondicherry. The company also noted that a total of 480 fast charging points are available in the state, which includes over 50 LECCS (Light Electric Combined Charging System) chargers. Developed by Ather, the LECCS standard allows different brands of light EVs to use the same charging network.
Ravneet Singh Phokela, Chief Business Officer, Ather Energy, said, “Tamil Nadu has been one of our earliest markets and ever since we entered the state in 2019, we have been investing in building a reliable charging network there. Charging has often been seen as one of the key barriers, and it’s something we’ve focused on solving from day one. Crossing 400 fast chargers in Tamil Nadu is a reflection of that commitment. It’s about giving riders the confidence that a charger is never too far away. As our retail footprint grows, the charging network will continue to scale alongside it, making EV ownership truly seamless.”
The company has partnered with local businesses like Coffee Day Global and Ganga Sweets to deploy these charging points. This expansion is part of Ather's broader national effort, which has seen the establishment of over 3,300 fast-charging points across India. The chargers can provide up to 15 kilometres of range in just 10 minutes, making it more convenient for riders on the go.
In addition to its charging infrastructure, Ather maintains a strong presence in the state with 44 experience centres and 42 service centres in 35 cities, offering comprehensive sales and after-sales support.
Japan’s TDK Ventures Makes Strategic Investment In Ultraviolette
- By MT Bureau
- August 12, 2025
Bengaluru-headquartered premium electric two-wheeler company Ultraviolette Automotive has announced a strategic investment from TDK Ventures, the venture capital arm of Japan’s TDK Corporation, along with participation from backing from existing investors Zoho Corporation and Lingotto (previously Exor Capital), among others.
With this TDK Ventures joins the likes of Qualcomm Ventures, Zoho Corporation, Speciale Invest, Lingotto (Formerly Exor Capital), and TVS Motor Company as a strategic investor in the EV company. It also counts the likes of Sriharsha Majety (Co-founder & CEO, Swiggy), Ankit Nagori (Co-founder, Cure Foods; former Chief Business Officer, Flipkart), Aprameya Radhakrishna (Co-founder, TaxiForSure), and Dulquer Salmaan (renowned actor and automotive enthusiast) among its early backers.
At present, Ultraviolette sells the F77 electric motorcycle and is gearing up to expand its product offerings along with manufacturing, research and distribution network globally.
Narayan Subramaniam, CEO & Co-Founder, Ultraviolette, said, “Mobility is undergoing a radical transformation, and at Ultraviolette, we are leading that change through cutting-edge innovation. Our partnership with TDK Ventures fast forwards our efforts, from advanced battery platforms to intelligent vehicle systems. This collaboration not only accelerates our vision of future ready mobility but also reinforces our commitment to delivering electric vehicles that are aspirational and globally relevant.”
Niraj Rajmohan, CTO and Co-founder of Ultraviolette, said, “Through this partnership with TDK Ventures, Ultraviolette will continue to innovate in deep-tech to shape the future of mobility. Together, we will continue to push the boundaries in building safer, smarter, and a more efficient electric mobility eco-system.”
Ravi Jain, Investment Director, TDK Ventures, said, “We look forward to bringing our TDK Goodness to Ultraviolette and their ambitious plan to design the next generation of energy efficient and performance EV 2W platforms. TDK Ventures is excited to support Ultraviolette in their relentless pursuit of growing their global reach."
Geely's Satellite Constellation Expands With New Launch
- By MT Bureau
- August 12, 2025
In a significant step toward creating a global ‘Internet of Things’ (IoT) ecosystem, Geely Holding Group’s aerospace subsidiary, Geespace, successfully launched 11 new satellites into orbit on 9 August 2025. The launch took place in Shandong Province, China, and marks the fourth successful orbital deployment for the company's Geely Future Mobility Constellation (GEESATCOM).
With this latest launch, Geespace now operates 41 satellites in low Earth orbit (LEO), bringing it closer to its goal of having 72 satellites in operation by end-2025. The company plans to accelerate deployments over the next two months to reach 64 operational satellites, which will establish comprehensive global satellite IoT coverage.
The GEESATCOM project is a key part of Geely's vision to build an integrated space and earth mobility ecosystem. The LEO satellite network is designed to provide highly reliable, wide-coverage communication services for various strategic industries, including:
- Connected vehicles and urban air mobility
- Emergency response and maritime operations
- Energy infrastructure
This network will support advanced driver assistance systems (ADAS) and connected vehicle platforms by providing crucial data for precision positioning and connectivity. Geespace has already established partnerships with telecom operators in over 20 countries and its proprietary satellite communication chips and high-precision positioning modules are now in mass production across Geely's vehicle portfolio.
To further demonstrate the technology, Geely is providing high-precision positioning and emergency satellite communications for official vehicles at the World Games 2025 Chengdu, showcasing the practical applications of its satellite infrastructure in real-world scenarios.
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