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