KPIT Tech Shares in Focus After Qualcomm Joins KPIT’s Joint Venture

On March 17, 2025, KPIT Technologies shares rose over 2%, reaching a day high of ₹1,245.00 at 09:40 AM after opening at ₹1,212.05. The gain in KPIT Tech shares follows the company’s announcement stating that Qualcom Ventures LLC, will be the third shareholder in Qorix GmbH, the Joint Venture company of KPIT Tech. The company’s exchange filing further stated that Qualcomm will have the option to increase its shareholding up to €10 million.

Qorix GmbH was initially a wholly-owned subsidiary of KPIT Tech before it became a 50:50 joint venture between KPIT Technologies and ZF Friedrichshafen AG (ZF), following ZF’s investment of €1.35 million. The joint venture was established to develop a world-class automotive middleware stack. The creation of the joint venture was approved by KPIT Technologies’ board in April 2023.

Scope of Partnership

This partnership is expected to drive the industry’s transition to Software Defined Vehicles (SDVs), providing high-performance, pre-integrated, and scalable solutions to help OEMs and Tier-1 suppliers accelerate the development of next-generation vehicles.

As part of the investment, Qualcomm will also have the right to appoint one member to the advisory board of Qorix. The promoters and promoter group of KPIT Tech have no interest in Qorix GmbH, and this is not considered a related-party transaction.

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