Investment24 Sept 2026, 10:15 pm
Kinetic Engineering Invests ₹57 Cr for EV & Driveline Expansion
AI Summary
Kinetic Engineering Limited (KEL) is injecting approximately ₹57 crore to fuel its growth in electric mobility and driveline businesses. Of this, ₹17 crore will support new driveline orders for export to Europe and Mexico, valued at ₹500 crore over 7 years. The remaining ₹40 crore will bolster its subsidiary, KWV, which is expanding its electric scooter segment, including the relaunched Kinetic DX. KEL aims to be a top-10 EV brand in India, leveraging projected EV penetration growth to 26% by FY 2030. Promoter shareholding has increased to 69.27%, signaling strong confidence.
Key Highlights
- Kinetic Engineering invests ₹57 crore for expansion in EV and driveline.
- ₹17 crore for new export driveline orders worth ₹500 crore over 7 years.
- ₹40 crore for electric scooter segment expansion.
- Promoter shareholding increased to 69.27%.
- Company targets top-10 EV brand position in India.
Price Impact
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