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ET Markets - Stocks 10d ago
Why KPIT Tech shares crashed 15% today: The BMW & Volkswagen connection explained
KPIT Technologies shares fell after the company warned of an unexpected slowdown in revenue from European auto clients, likely including BMW and Volkswagen. In a Q1FY27 update, the firm said it now expects a ~1% YoY revenue decline, citing sudden cutbacks by European OEMs following weak earnings outlooks.
BMWVENTLTDKPITTECHTECHZTECHFinancial ServicesInformation Technology
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Moneycontrol NaNd ago
Why KPIT Tech stock crashed as BMW, Volkswagen spending cuts bite; what should investors do now?
The slowdown and spending cuts at European auto giants such as BMW and Volkswagen have highlighted a key risk for engineering and R&D firms such as KPIT Technologies: customer concentration and the cyclicality of automotive technology spending.
BMWVENTLTDHGINFRAKPITTECHMBELTECHZTECHConstructionFinancial Services