Financial Performance

  • Kinetic Engineering Limited reported revenue increase to ₹158 crores compared to ₹142 crores last year
  • Auto components business specifically reported revenue of ₹150 crores
  • The company expects substantial new business aligned with its projected growth trajectory
  • Several business opportunities are in final stages of technical completion and commercial closure

Electric Vehicle Business Updates

Kinetic Watts & Volts Ltd. (KWV) - EV manufacturing subsidiary established in September 2022

Awards & Recognition:

  • Kinetic DX awarded 'Viewer's Choice – EV Scooter of the Year'
  • Award presented by Hon'ble Union Minister Shri Nitin Gadkari
  • Recognition reflects growing acceptance among consumers and automotive ecosystem

Product Features:

  • 2.6 kWh Range-X LFP battery
  • Strong metal body construction
  • 37-litre under-seat storage
  • Features include: Easy Key, Easy Flip, Easy Charge, My Kiney Voice Alerts, Telekinetic connected features
  • Advanced rider aids: reverse assist, cruise control, and hill-hold assist

Retail Expansion:

  • Currently 20 dealerships operational across 7 states: Maharashtra, Gujarat, Uttar Pradesh, Madhya Pradesh, Haryana, Delhi, and Odisha
  • Plan to add over 30 additional dealerships during April–June quarter of FY2026–27
  • 24 more dealerships specifically planned by June-end

Market Response:

  • Strong early response received by Kinetic DX EV
  • Encouraging feedback from automotive journalists, content creators, industry experts, and customers
  • Positive reception for family-focused design, practical innovation, ride comfort, safety features

Management Commentary

Mr. Ajinkya Firodia, Vice Chairman & Managing Director, stated:

  • Response reinforces belief that Indian consumers value trust, practicality and meaningful innovation
  • Award recognition is encouraging for the product direction
  • Focus remains on making dependable electric mobility more accessible
  • Building strong service and retail ecosystems for long-term customer confidence
  • Expecting significant growth in auto components business fueled by aggressive business development
  • Two-pronged growth strategy: two-wheeler business and auto components business
  • Expect strong momentum across businesses in coming years

Operational Details

Manufacturing Facility:

  • State-of-the-art facility spanning 87,000 sq. ft.
  • Combines scalable and eco-friendly production with cutting-edge automation and quality systems

Auto Components Business:

  • Supplies to leading OEMs including: Tata Motors, Mahindra & Mahindra, Ashok Leyland, Renault, American Axle, Magna Powertrain, and Sonalika Tractors
  • Advanced technology and engineering base
  • One of India's most enduring and large-scale component facilities in Ahilyanagar

Corporate Structure

  • Kinetic Watts and Volts is a subsidiary of Kinetic Engineering Limited
  • Kinetic Engineering Limited is the flagship entity of the Kinetic Group
  • Listed on Bombay Stock Exchange (BSE: 500240)
  • Corporate office: Chinchwad, Pune
  • Factory address: Nagar-Daund Road, Ahmednagar, Maharashtra