2 hrs ago
Kinetic Engineering Plans ₹57 Crore Investment For EV Expansion
Kinetic Engineering plans to spend about ₹57 crore to grow its businesses.
Some of the money will help produce driveline parts for customers in Europe and Mexico.
These orders could be worth ₹500 crore over seven years.
The rest of the money will support an electric version of the Kinetic DX scooter.
The company has agreements with more than 150 dealers in India.
More than 60 of those dealers are already working.
Kinetic hopes to become one of India’s top 10 electric vehicle brands.
Its DX and DX+ scooters can travel up to 132 kilometers under the stated testing measurement.
Kinetic Engineering will invest approximately ₹57 crore in expansion and growth.
₹17 crore will support driveline orders for export to Europe and Mexico, projected at ₹500 crore over seven years.
The remaining ₹40 crore will go to subsidiary Kinetic Watts & Volts for the electric Kinetic DX scooter.
The company has signed Letters of Intent with more than 150 dealers, with over 60 already operational.
Kinetic DX and DX+ scooters offer up to 132 km of IDC range and use a 3.1 kWh LFP battery.
- Who
- Kinetic Engineering Limited and its subsidiary, Kinetic Watts & Volts, led by Vice Chairman and Managing Director Ajinkya Firodia.
- What
- The company announced an approximately ₹57 crore investment in driveline exports and electric scooter expansion.
- Where
- The investment supports operations in India and driveline exports to Europe and Mexico.
- When
- The announcement was made on Wednesday, September 24, 2026.
- Why
- The company said the investment will support new orders, electric scooter growth, dealer expansion, and broader automotive and mobility businesses.
Key facts
- Total investment
- Approximately ₹57 crore
- Driveline investment
- ₹17 crore for new export business
- Projected driveline orders
- ₹500 crore over seven years
- Electric scooter investment
- ₹40 crore in Kinetic Watts & Volts
- Dealer network
- More than 150 signed Letters of Intent; over 60 operational
- Scooter range
- Up to 132 km of IDC range
- Battery
- 3.1 kWh LFP battery
Sources
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