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Why KPIT Tech shares crashed 15% today: The BMW & Volkswagen connection explained

Posted on July 1, 2026
By Business News Today
0 Views
1 min read

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.