Archive · 24 Sep 2026
Kinetic Engineering Plans ₹57 Crore Expansion For EV Growth
Kinetic Engineering plans to spend about ₹57 crore to grow its businesses.
Some of the money will help make driveline parts for export to Europe and Mexico.
Those orders could be worth ₹500 crore over seven years.
The rest of the money will support electric scooters made by Kinetic Watts & Volts.
The company has agreements with more than 150 dealers in India.
More than 60 of those dealers are already open.
The DX and DX+ scooters can travel up to 132 kilometers under the stated IDC measurement.
Kinetic wants to become one of India’s top 10 electric vehicle brands.
The company also says electric two-wheelers could become a much larger market by FY 2030.
Kinetic Engineering will invest approximately ₹57 crore in business expansion and growth.
About ₹17 crore will fund driveline orders for export to Europe and Mexico, potentially worth ₹500 crore over seven years.
The remaining ₹40 crore will support subsidiary Kinetic Watts & Volts and its electric Kinetic DX scooter.
Kinetic has signed Letters of Intent with more than 150 dealers, with over 60 already operating sales, service and spares facilities.
The DX and DX+ scooters offer up to 132 km of IDC range and use 3.1 kWh LFP batteries.
- Who
- Kinetic Engineering Limited, its subsidiary Kinetic Watts & Volts, and Vice Chairman and Managing Director Ajinkya Firodia.
- What
- The companies announced approximately ₹57 crore of additional investment in driveline exports and electric two-wheeler expansion.
- When
- The announcement was reported as September 24, 2026; one article describes the day as Wednesday and another as Thursday.
- Where
- The investment supports operations in India and driveline exports to Europe and Mexico.
- Why
- The company said the funding will support new component orders, electric scooter production, dealer expansion and broader business growth.
- Total investment
- Approximately ₹57 crore
- Driveline allocation
- ₹17 crore
- Projected export orders
- ₹500 crore over seven years
- Electric two-wheeler allocation
- ₹40 crore for Kinetic Watts & Volts
- Dealer network
- More than 150 signed Letters of Intent; over 60 operational
- Scooter specifications
- Up to 132 km IDC range and a 3.1 kWh LFP battery
- Promoter shareholding
- Increased from 50% to 69.27% over four years
