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KPIT Cummins shines as its infotainment platform achieves GENIVI compliance

10 Jan 2012 Evaluate

KPIT Cummins Infosystems is currently trading at Rs 153.00, up by 3.55 points or 2.38% from its previous closing of Rs 149.45 on the BSE.

The scrip opened at Rs 152.00 and has touched a high and low of Rs 154.00 and Rs 150.65 respectively. So far 15185 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 198.80 on 20-Jul-2011 and a 52 week low of Rs 132.35 on 11-Feb-2011.

Last one week high and low of the scrip stood at Rs 154.00 and Rs 146.10 respectively. The current market cap of the company is Rs. 1354.39 crore.

The promoters holding in the company stood at 26.72% while Institutions and Non-Institutions held 38.89% and 34.39% respectively.

KPIT Cummins, a global leader in product engineering solutions for automotive industry, infotainment platform has achieved GENIVI compliance whereby its In-Vehicle Infotainment (IVI) platform is now compliant with GENIVI compliance specification release 1.0.

Automotive OEMs are aggressively pursuing the adoption of consumer electronics (CE) features in infotainment. KPIT's infotainment platform speeds up this process by leveraging the critical mass of open source community, which enables broader coverage and faster support of new CE technologies.

The platform contains core services and frameworks to enable faster, context-aware HMI (Human Machine Interface) and application development. It integrates frameworks and APIs (Application Programming Interfaces) for multimedia, CE device connectivity, Bluetooth, security, software update and location based services. It is optimized for the latest ARM based application processors from multiple silicon vendors as well as for the Intel Atom processor.

KPIT Cummins Infosystems, a global IT consulting organization focused on the automotive and semiconductor sectors. The company is present in US, UK, Germany, France, Poland, Japan and India. It provides free technical support for NGOs and small schools in Pune. Top clients include Cummins, HP, Deutsche Bank, Unilever and Renesas.

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