KPIT Technologies soars on launching On- Bus Intelligent Transport System

KPIT Technologies is currently trading at Rs. 145.15, up by 1.10 points or 0.76% from its previous closing of Rs. 144.05 on the BSE.

The scrip opened at Rs. 144.00 and has touched a high and low of Rs. 146.00 and Rs. 143.15 respectively. So far 11,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 160.00 on 12-Sep-2013 and a 52 week low of Rs. 92.40 on 28-Mar-2013.

Last one week high and low of the scrip stood at Rs. 146.50 and Rs. 140.95 respectively. The current market cap of the company is Rs. 2,809 crore.

The promoters holding in the company stood at 22.87%, while Institutions and Non-Institutions held 47.55% and 29.58% respectively.

KPIT, a fast growing product engineering and IT consulting solutions and services provider to automotive & transportation, manufacturing and energy & utilities corporations, has launched an On-Bus Intelligent Transport System (ITS) for Bus-Manufacturers and State Transport Utilities (STU) in India to create better public transport in urban cities. On-Bus ITS is mandatory for the 10,000 buses and any future buses funded under JnNURM II programme of urban renewal mission announced by the Ministry of Urban Development (MoUD) in August this year. KPIT's product is the first in the country to be certified by Automotive Research Association of India (ARAI) for meeting the stringent specifications of JnNURM II.

Tailored to address the characteristic Indian operating conditions, this robust solution will enable bus transport authorities in reducing response time to emergencies and enhance operating efficiency with features such as automatic vehicle location, vehicle health monitoring & diagnostics. These features will be managed by the back-end support offered by KPIT at the depot control using cloud technology and remote diagnostics. Additionally, KPIT On-Bus ITS helps in enhancing passenger convenience & security with passenger information system and security camera network system that includes features like facial recognition. The intuitive HMI (Human Machine Interface) is bus operator friendly and eases route selection task, gives alarms & warnings and has a reverse camera display. The product is also equipped with a panic button for emergency and remote surveillance for enhanced safety and security. On-Bus ITS also reduces downtime of buses leveraging over the air upgrade & remote diagnostics of the product.

KPIT On-Bus ITS will facilitate Bus manufacturers in reducing time-to-market of their buses for JnNURM II and will provide them the benefit of a single point supplier for their ITS needs. At the core of the product is the indigenous technology developed from the ground up by KPIT's team of automotive engineering specialists and subject matter experts, for 24x7 uninterrupted operations.

The JnNURM-II compliant On-Bus ITS will be demonstrated by KPIT at booth 32 at the 6th Urban Mobility India Conference & Expo 2013 from December 3rd-6th, 2013 at Manekshaw Centre, New Delhi.

KPIT Technologies, an IT consulting and product engineering partner, is focused on co-innovating domain intensive technology solutions for global automotive & transportation, manufacturing and energy & utilities companies.