Quarterly Result12 Nov 2025, 05:07 pm
Kinetic Engineering Subsidiary Kinetic Watts & Volts Commences Deliveries; Targets 60,000 Sales in FY 2026-27
AI Summary
Kinetic Engineering Ltd. (KEL) has infused additional funds into its subsidiary, Kinetic Watts and Volts (KWV), taking its shareholding to 80%. KWV has started deliveries of its electric vehicle, the Kinetic DX, following strong bookings and overwhelming market response. The company has issued over 50 Letters of Intent (LOIs) for new dealerships and aims to sell 60,000 units in FY 2026-27, targeting a top-line of ₹600 crores. KEL has also strengthened its precision manufacturing capabilities with a new robotic chassis line and revamped paint shop.
Key Highlights
- Kinetic Engineering subsidiary Kinetic Watts & Volts commences deliveries of its electric vehicle, the Kinetic DX
- Additional funds infused by KEL into KWV, increasing its shareholding to 80%
- KWV targets sales of 60,000 units in FY 2026-27, aiming for a ₹600 crore top-line
- Overwhelming market response and strong bookings for the Kinetic DX
- KEL strengthens precision manufacturing capabilities with a new robotic chassis line and revamped paint shop