KPIT Technologies (BSE:532400; NSE:KPIT) and Udacity, the Silicon Valley based lifelong learning platform, are partnering to upskill and build the engineering talent ecosystem for autonomous technology, including self-driving cars and autonomous flight.
KPIT is a global technology partner to OEM's and Tiers is - helping them accelerate the implementation of next generation vehicle technologies including autonomous driving. The autonomous driving space is witnessing rapid growth with adoption of new technologies and demands new skills. Artificial Intelligence(AI), Machine Learning, deep learning and Big Data are some of the key skills required. KPIT and Udacity partnership accelerates the scalability required in these areas by providing training and competency in AI, Self Driving Car Engineering and Data Engineering.
Employee Training and upskilling has been a key focus area for KPIT. It has instituted programs like PACE- to bridge industry academia gap in collaboration with universities, GENISIS- to get employees project ready right after induction; HEI - a pioneering Higher education initiative co-created & codelivered with renowned universities; ECODEKAIZEN- to provide continuous incremental training to make every employee upskill every day. These programs playa key part in developing global scalability for KPIT'scustomers.
KPIT and Udacity have forged a strategic partnership that will have KPITinvest in upskilling employees with Udacity courses, which results in industry recognized certification. KPIT has also announced and launched a program for several hundred scholarships for Self-Driving Car Engineering Nanodegree program from Udacity.
Speaking on the announcement, Dr. Sebastian Thrun, Founder and Executive Chairman of Udacity, said" "Our mission is to make self-driving car engineering education accessible to all and make a world a safer place. Self-driving cars is a field of vastly growing opportunities, but with an alarming shortage of talent. Our Udacity India partnership with KPIT Technologies is in line with our commitment to create an entire ecosystem around autonomous vehicle technologies in India."
Mr. Kishor Patil , Co-founder, CEO and MD, KPIT Technologies, added, "While autonomous systems and self-driving technologies are finding great reception in the US and Europe, their impact on the larger mobility landscape of evolving economies such as India could be even more Significant. This association enables us to combine our deep domain knowledge of automotive industry with Udacity's world-class learning platform to enable our employees with an unparalleled upskilling opportunity. Such collaborations will bring benefits to industry as well students community to learn latest technologies. We are also pleased to announce a scholarship program for self-driving car engineering program from Udacity."
Shares of KPIT Technologies Limited was last trading in BSE at Rs.209.45 as compared to the previous close of Rs. 217.8. The total number of shares traded during the day was 123853 in over 1796 trades.
The stock hit an intraday high of Rs. 219.6 and intraday low of 207. The net turnover during the day was Rs. 26130360.