Summary:
Pune, Maharashtra, India & Munich, Germany & Coventry, United Kingdom – Business Wire India • SOMIT has been working with many luxury & new age OEMs • Adds complementary capabilities to KPITs vehicle diagnostics portfolio • Opens up new possibilities into the multi-billion automotive aftersales market and addresses a higher value share in Top 25 clients KPIT Technologies Ltd (NSE: KPITTECH BSE: 542651), a global partner to the automotive and mobility ecosystem for making software-defined vehicles a reality, announced the acquisition of cloud-based vehicle diagnostics specialist SOMIT solutions.
SOMIT enables after-sales operations of high tech luxury and new age OEMs through a cloud-based vehicle diagnostics platform & expert consulting services.
Vehicle complexity is outgrowing existing servicing capabilities due to rapidly evolving software-centric architectures, high-tech automotive engineering, and an acute shortage of trained and certified service technicians across the globe.
SOMIT’s cloud-based platform features an intelligent and intuitive diagnostics solution that will enhance a service technician’s user experience and improve service quality by increasing the ratio of first-time-right repairs.
Mr.
Kishor Patil, Co-founder, CEO, and MD, KPIT Technologies, said, "We are very excited to welcome SOMIT Solutions to the KPIT family.
SOMIT has created a niche for themselves in the challenger EV OEM segment.
Their cloud-based platform complements KPITs existing after-sales platform to offer a more integrated solution for the benefit of our T25 clients.
KPITs strategic T25 clients will benefit immensely.
Generating revenue through the lifecycle of a vehicle is a key priority for OEMs.