Kinetic Engineering Limited (KEL), the flagship company of the Kinetic Group, is investing about ₹57 crore to expand its operations and electric two-wheeler business. Around ₹17 crore will be allocated towards capital expenditure, while ₹40 crore will be invested in the company’s electric two-wheeler segment. The investment represents the final tranche from the conversion of 44,51,000 warrants issued to promoters in March 2025. The company said the fresh investment will support capacity expansion, technology development and growth of its electric mobility business.
Kinetic has signed letters of intent with more than 150 dealers across India, of which over 60 are already operational with sales, service and spares facilities. The company is expanding its distribution network as it seeks to increase its presence in the electric two-wheeler market.
The company is targeting a place among India’s top 10 electric vehicle brands. Kinetic said the electric two-wheeler market is expected to expand substantially over the coming years, creating opportunities for the company to increase its market presence. A key part of Kinetic’s electric mobility portfolio is the Kinetic DX and DX+ scooters. The models offer up to 132 km of IDC range and are powered by an upgraded 3.1 kWh LFP battery. The scooters feature 37-litre under-seat storage, a metal body and functions including Easy Charge, Easy Flip, Easy Key, Kinetic Assist and My Kiney voice-enabled features.
The Kinetic DX has also received the “Viewers’ Choice EV Scooter of the Year” recognition from the Times of India Group. Kinetic Watts & Volts, the company’s design arm, won two titles at the India’s Best Design Awards 2026 — India’s Best In-House Design Studios 2026 and India’s Best Design Project 2026.
Ajinkya Firodia, Vice Chairman & Managing Director, Kinetic Engineering Limited, said the company was entering a new phase of growth across its automotive components and electric mobility businesses. “Our auto-components business is seeing a healthy pipeline of new orders, which will support growth and help us work towards our target of improving EBITDA margins to around 12%. At the same time, the response to our Kinetic DX electric scooter has been encouraging, giving us confidence to expand our presence across markets. With continued investments in capacity, technology and our retail network, we are focused on scaling both businesses and building Kinetic into a leading and enduring player in India’s electric mobility segment,” he said.
Kinetic said promoter shareholding has increased from 50% to 69.27% over the past four years. KEL has more than five decades of experience in automotive manufacturing and operates a component manufacturing facility in Ahilyanagar. It supplies components to OEMs including Tata Motors, Mahindra & Mahindra, Ashok Leyland, Renault, American Axle, Magna Powertrain and Sonalika Tractors. The company is headquartered in Chinchwad, Pune, and is listed on the BSE under the code 500240.
